OIL AND GAS PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2020

OIL AND GAS PROPERTIES

Schedule of oil and gas producing activities

Net capitalized costs related to the Company’s oil and gas producing activities at March 31, 2020 and December 31, 2019 are as follows (in thousands):

	March 31,		December 31,
	2020		2019
Oil and gas properties, successful efforts method:
Unproved	$	24,984	$	25,037
Proved		1,104,879		1,090,774
Work in progress		15,372		7,097
		1,145,235		1,122,908
Accumulated depletion, depreciation and amortization		(403,500)		(379,961)
Oil and gas properties, net	$	741,735	$	742,947