Property, Plant and Equipment

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

NOTE 6. — PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment were comprised of the following (in thousands):

	As of December 31,
	2013			2012
Wells and production facilities	$	28,874		$	34,725
Proved properties		386,196			386,196
Work in progress and other		86,634			-
Oilfield assets		501,704			420,921
Accumulated depletion		(74,909	)		(65,893	)
Oilfield assets, net		426,795			355,028
Unevaluated leaseholds		8,240			8,240
Oil and gas properties, net		435,035			363,268

Other property and equipment		1,590			989
Accumulated depreciation		(838	)		(533	)
Other property and equipment, net		752			456

Total property, plant and equipment, net	$	435,787		$	363,724

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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