Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

Related Party Transactions
12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
In the ordinary course of business, the Company has conducted business activities with certain related parties.
As of December 31, 2020, the Company held approximately 21.5% of Mammoth Energy's outstanding common stock as discussed above in Note 5. Approximately $0.6 million, and $2.0 million of services provided by Mammoth Energy were included in lease operating expenses in the consolidated statements of operations for the years ended December 31, 2019 and 2018, respectively, with no material amounts for the year ended December 31, 2020. Approximately $3.1 million and $109.9 million of services provided by Mammoth Energy were capitalized to oil and natural gas properties before elimination of intercompany profits on the accompanying consolidated balance sheets during the years ended December 31, 2020 and 2019, respectively. At December 31, 2019, the Company owed Mammoth Energy approximately $8.4 million related to these services. Amounts owed to Mammoth Energy as of December 31, 2020 were immaterial.

See Note 18 for additional information on litigation proceedings with Mammoth Energy entities.