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Oil And Natural Gas Properties (Tables)
9 Months Ended
Sep. 30, 2016
Oil And Natural Gas Properties  
Oil and Natural Gas Properties

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

September 30, 

 

December 31, 

 

 

    

2016

    

2015

 

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

 

 

 

 

 

 

 

Property costs

 

 

 

 

 

 

 

Proved property

 

$

731,617

 

$

731,548

 

Unproved property

 

 

42

 

 

39

 

Land

 

 

501

 

 

501

 

Total property costs

 

 

732,160

 

 

732,088

 

Materials and supplies

 

 

1,056

 

 

1,056

 

Total

 

 

733,216

 

 

733,144

 

Less: Accumulated depreciation, depletion, amortization and impairments

 

 

(666,123)

 

 

(652,167)

 

Oil and natural gas properties and equipment, net

 

$

67,093

 

$

80,977

 

 

Gathering and Transportation Assets

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

 

 

 

 

 

 

 

 

 

    

September 30, 

 

December 31, 

 

 

    

2016

    

2015

 

Gathering and transportation assets

 

 

 

 

 

 

 

Catarina midstream assets

 

$

148,070

 

$

147,479

 

Less: Accumulated depreciation, depletion, amortization

 

 

(6,571)

 

 

(1,402)

 

Total gathering and transportation assets

 

$

141,499

 

$

146,077

 

 

Depreciation, Depletion, Amortization and Impairments

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30, 

 

September 30, 

 

    

2016

    

2015

 

2016

    

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

DD&A of oil and natural gas-related assets

 

$

2,348

 

$

2,851

 

$

5,310

 

$

9,050

DD&A of gathering and transportation related assets

 

 

1,731

 

 

 —

 

 

5,169

 

 

 —

Total DD&A

 

 

4,079

 

 

2,851

 

 

10,479

 

 

9,050

Asset impairments

 

 

 —

 

 

937

 

 

1,309

 

 

84,664

Total

 

$

4,079

 

$

3,788

 

$

11,788

 

$

93,714