Annual report pursuant to Section 13 and 15(d)

Insurance Claims

Insurance Claims
12 Months Ended
Dec. 31, 2017
Insurance [Abstract]  
Insurance Claims

5. Insurance Claims

During the third quarter of 2008, Hurricane Ike caused substantial damage to certain of our properties.  Our insurance policies in effect on the occurrence date of Hurricane Ike had a retention requirement of $10.0 million per occurrence, which has been satisfied, and coverage policy limits of $150.0 million for property damage due to named windstorms (excluding damage at certain facilities) and $250.0 million for, among other things, removal of wreckage if mandated by any governmental authority.

For 2017, 2016 and 2015, we received insurance reimbursements of $31.7 million, $10.2 million and $0.2 million, respectively, primarily related to hurricane damage.  Cash receipts from insurance proceeds are included within Net cash provided by operating activities in the Consolidated Statements of Cash Flows and are primarily recorded as reductions in Oil and natural gas properties and equipment on the Consolidated Balance Sheets, with some amounts recorded as reductions in Lease operating expense, General and administrative expenses and Other income (expense), net in the Consolidated Statements of Operations.  From the third quarter of 2008 through December 31, 2017, we have received $203.1 million cumulative reimbursements from insurance companies related to hurricane reimbursements.  As of December 31, 2017, there were no outstanding hurricane claims.