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Oil and Gas Properties
 3 Months Ended
Mar. 31, 2024
Oil and Gas Properties  
Oil and Gas Properties

Note 7. Oil and Gas Properties 

 

The following table summarizes the Company’s oil and gas activities by classification and geographical cost center for the three months ended March 31, 2024:

 

 

 

December 31,

 

 

 

 

 

 

 

 

March 31,

 

 

 

2023

 

 

Adjustments

 

 

Impairments

 

 

2024

 

Proved developed producing oil and gas properties

 

 

 

 

 

 

 

 

 

 

 

 

United States cost center

 

$1,127,950

 

 

$(1,127,950 )

 

$-

 

 

$-

 

Accumulated depreciation, depletion and amortization

 

 

(44,374 )

 

 

44,374

 

 

 

-

 

 

 

-

 

Proved developed producing oil and gas properties, net

 

$1,083,576

 

 

$(1,083,576 )

 

$-

 

 

$-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Undeveloped and non-producing oil and gas properties

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States cost center

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Accumulated depreciation, depletion and amortization

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Undeveloped and non-producing oil and gas properties, net

 

$-

 

 

$  

 

 

$-

 

 

$-

 

Total Oil and Gas Properties, Net

 

$1,083,576

 

 

$(1,083,576 )

 

$-

 

 

$-

 

 

During the three months ended March 31, 2024, the Company disposed of its working interests in its producing oil and gas properties (see Note 2).