Supplemental Information To Financial Statements (Tables)

12 Months Ended

Dec. 31, 2014

Supplemental Information To Financial Statements Tables

Summary of Net Proved Reserves

The following table sets forth the Company's net proved reserves, including proved developed and proved undeveloped reserves, at December 31, 2013, as pursuant to reserve reports prepared by the Company’s independent, certified petroleum engineer.

	At December 31, 2014		At December 31, 2013
Net Proved Developed Reserves
Crude Oil (Bbls)		109,446		83,743
Natural Gas (Mcf)		—		—
Oil Equivalents (Boe)		—		—
Net Proved Undeveloped Reserves
Crude Oil (Bbls)		34,688		32,391
Natural Gas (Mcf)		—		—
Oil Equivalents (Boe)		—		—
Net Proved Developed and Undeveloped Reserves
Crude Oil (Bbls)		144,134		116,134
Natural Gas (Mcf)		—		—
Oil Equivalents (Boe)		—		—

Schedule of Capitalized Costs Relating to Oil and Gas Producing Activities

The following table sets forth the capitalized costs relating to the Company’s crude oil and natural gas producing activities at December 31, 2014 and 2013:

	At December 31, 2014			At December 31, 2013
Proved leasehold costs	$	—		$	—
Costs of wells and development		1,168,732			1,430,333
Capitalized asset retirement costs		103,597			112,652
Total cost of oil and gas properties		1,272,329			1,542,985
Accumulated depreciation and depletion		(818,040	)		(798,673	)
Net Capitalized Costs	$	454,289		$	744,312

Schedule of Costs Incurred in Oil and Gas Property Acquisition, Exploration and Development Activities

The following table sets forth the costs incurred in the Company’s oil and gas property acquisition, exploration and development activities for the ended December 31, 2013 and 2012:

	For the Year Ended December 31, 2014		For the Year Ended December 31, 2013
Acquisition of properties
Proved	$	—	$	—
Exploration costs		—		—
Development costs		31,445		119,149
Net Capitalized Costs	$	31,445	$	119,149

Schedule of Results of Operations for Oil and Gas Producing Activities

The following table sets forth the results of operations for oil and gas producing activities for the year ended December 31, 2013 and 2012:

	For the Year Ended December 31, 2014			For the Year Ended December 31, 2013
Crude oil and gas revenues	$	188,243		$	232,572
Production costs		(177,611	)		(301,266	)
Depreciation, depletion and accretion		(256,056	)		(290,265	)
Results of operations for producing activities, excluding corporate overhead	$	(245,424	)		(358,959	)

Schedule of Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves

The following table sets forth the standardized measure of discounted future net cash flows from projected production of the Company’s oil and gas reserves as of December 31, 2014 and 2013:

	December 31,			December 31,
	2014			2013
Future cash inflows	$	1,550,926		$	3,447,080
Future production and development costs		(853,607	)		(1,401,303	)
Future income tax and insurance expense		(28,981	)		(38,691	)
Future net cash inflows		668,337			2,007,086
10% annual discount for estimated timing of cash flows		(378,566	)		(1,060,905	)
Standardized measure of discounted future net cash flows	$	289,772		$	946,181

Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows

The following table sets forth the changes in the standardized measure of discounted future net cash flows for the year ended December 31, 2013 and 2012:

	December 31,			December 31,
	2014			2013
Beginning of period	$	946,181		$	738,314
Revenues less production and other costs		(10,632	)		68,694
Changes in price, net of production costs		(166,265	)		44,445
Development costs incurred		31,445			119,149
Net changes in future development costs		(547,696	)		84,792
Purchases of reserves in place		—			—
Accretion of discount		27,079			87,444
Net change in income taxes		9,710			99,996
Timing differences and other		—			(296,653	)
End of period	$	289,772		$	946,181