Other Property And Equipment

12 Months Ended

Dec. 31, 2011

Other Property And Equipment [Abstract]

8. Other Property and Equipment

Other fixed assets, net include the following (in thousands):


		At December 31,
		2011			2010
Other fixed assets	$	2,071		$	1,314
Accumulated depreciation		(858	)		(677	)
Other fixed assets, net	$	1,213		$	637

Other fixed assets include leasehold improvements, equipment and furniture. Depreciation expense for the years ended December 31, 2011, 2010, and 2009 was approximately $227,000, $177,000, and $182,000, respectively.

Furniture, fixtures and non-oil and natural gas property and equipment are depreciated using the straight-line method based on the estimated useful lives of the respective assets, generally ranging from three to twenty years. Leasehold improvements are amortized over the shorter of their economic lives or the lease term. Repairs and maintenance costs are expensed in the period incurred.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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