Oil And Gas Properties (Tables)

12 Months Ended

Dec. 31, 2014

Oil And Gas Properties Tables

Schedule of Net Oil and Gas Properties

As of December 31, 2013 and 2012 oil and gas properties consisted of the following:

	December 31, 2014			December 31, 2013
Proved producing properties	$	580,825		$	1,044,068
Proved non-producing properties		45,572			14,448
Unproved properties		396,325			264,718
Accumulated depletion		(693,699	)		(745,638	)
Net Oil and Gas Properties	$	329,023		$	577,596

Schedule of Oil and Gas Net Capitalized Cost

All of the Company’s oil and natural gas properties are located in the United States.  Costs being amortized at December 31, 2014 and 2013 are as follows:

	December 31,
	2014			2013
Proved leasehold costs	$	626,397		$	596,631
Costs of wells and equipment		561,690			842,829
Capitalized asset retirement costs		102,266			113,638
Total oil and gas properties		1,290,353			1,553,098
Accumulated depreciation and depletion		(818,040	)		(834,336	)
Net Capitalized Costs	$	472,313		$	718,762

Schedule of Changes in Total Cost of Oil and Natural Gas Properties

The following table sets forth the changes in the total cost of oil and natural gas properties at December 31, for each of the two years in the period ended December 31, 2014:

	December 31,
	2014			2013
Balance at Beginning of Period	$	1,553,098		$	1,583,899
Acquisitions using cash		—			—
Other capitalized costs		116,708			133,075
Sale proceeds		(379,453	)		(163,876	)
Other non-cash transactions		—			—
Balance at End of Period	$	1,290,353		$	1,553,098