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Oil And Natural Gas Properties (Tables)
3 Months Ended
Mar. 31, 2016
Oil And Natural Gas Properties [Abstract]  
Oil and Natural Gas Properties

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

March 31, 

 

December 31, 

 

 

    

2016

    

2015

 

Oil and natural gas properties and related equipment (successful efforts method)

 

 

 

 

 

 

 

Property costs

 

 

 

 

 

 

 

Proved property

 

$

731,735

 

$

731,548

 

Unproved property

 

 

41

 

 

39

 

Land

 

 

501

 

 

501

 

Total property costs

 

 

732,277

 

 

732,088

 

Materials and supplies

 

 

1,056

 

 

1,056

 

Total

 

 

733,333

 

 

733,144

 

Less: Accumulated depreciation, depletion, amortization and impairments

 

 

(655,467)

 

 

(652,167)

 

Oil and natural gas properties and equipment, net

 

$

77,866

 

$

80,977

 

 

Gathering and Transportation Assets

Gathering and transportation assets consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

 

 

2016

    

2015

 

Gathering and transportation assets

 

 

 

 

 

 

 

Catarina midstream assets

 

$

147,566

 

$

147,479

 

Less: Accumulated depreciation, depletion, amortization

 

 

(3,111)

 

 

(1,402)

 

Total gathering and transportation assets

 

$

144,455

 

$

146,077

 

 

Depreciation, Depletion, Amortization and Impairments

Depreciation, depletion, amortization and impairments consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31, 

 

March 31, 

 

 

    

2016

    

2015

 

 

 

 

 

 

 

 

 

DD&A of oil and natural gas-related assets

 

$

2,020

 

$

3,120

 

DD&A of gathering and transportation related assets

 

 

1,710

 

 

 —

 

Total DD&A

 

 

3,730

 

 

3,120

 

Asset impairments

 

 

1,309

 

 

82,865

 

Total

 

$

5,039

 

$

85,985