NOTE 5 – PROPERTY, PLANT AND EQUIPMENT

The following is a summary of property, plant and equipment at the dates indicated (in thousands):

	Successor			Predecessor
	December 31, 2016			December 31, 2015
Natural gas and oil properties:
Proved properties	$	717,839		$	3,585,839
Unproved properties		74,434			213,047
Support equipment and other		14,180			130,691
Total natural gas and oil properties		806,453			3,929,577
Less – accumulated depreciation, depletion and amortization		(21,730	)		(2,737,966	)
	$	784,723		$	1,191,611

During the Successor period from September 1, 2016 through December 31, 2016, the Predecessor period from January 1, 2016 through August 31, 2016 and the years ended December 31, 2015 and 2014, we recognized $0.3 million, $18.7 million, $22.6 million and $25.0 million, respectively, of non-cash investing activities capital expenditures, which was reflected within the changes in accounts payable and accrued liabilities on our consolidated statements of cash flows. During the Successor period from September 1, 2016 through December 31, 2016 and the Predecessor period from January 1, 2016 through August 31, 2016, we recognized $31.0 million and $7.7 million, respectively, of non-cash investing activities capital expenditures, which was reflected within the changes to adjustments to reconcile net loss to net cash provided by operating activities – other (income) loss on our consolidated statements of cash flows.

Unproved properties are reviewed annually for impairment or whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment charges are recorded if conditions indicate we will not explore the acreage prior to expiration of the applicable leases or if it is determined that the carrying value of the properties is above their fair value. During the Predecessor year ended December 31, 2015, our Predecessor recognized $6.6 million of asset impairments related to its unproved gas and oil properties within property, plant and equipment, net on the consolidated balance sheet, primarily for its unproved acreage in the New Albany Shale, which was impaired due to expiring acreage and no intention to pursue development. There were no impairments of unproved gas and oil properties for the Successor period from September 1, 2016 through December 31, 2016 and the Predecessor period from January 1, 2016 through August 31, 2016 and year ended December 31, 2014.

Proved properties are reviewed annually for impairment or whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. Asset impairments and offsetting hedge gains, if any, are included in asset impairment expense in our consolidated statement of operations. For the Predecessor year ended December 31, 2015, our Predecessor recognized $960.0 million of asset impairment related to proved oil and gas properties in the Barnett, Coal-bed Methane, Rangely, Southern Appalachia, Marcellus and Mississippi Lime operating areas, which were impaired due to lower forecasted commodity prices, net of $85.8 million of future hedge gains reclassified from accumulated other comprehensive income. During the Predecessor year ended December 31, 2014, our Predecessor recognized $555.7 million of asset impairment related to proved oil and gas properties within property, plant and equipment, net on its consolidated balance sheet for its Appalachian and mid-continent operations which were impaired due to lower forecasted commodity prices, net of $82.3 million of future hedge gains reclassified from accumulated other comprehensive income. No impairment of proved gas and oil properties was recognized for the Successor period from September 1, 2016 through December 31, 2016 and the Predecessor period from January 1, 2016 through August 31, 2016.

During the year ended December 31, 2014, we recognized $1.9 million of loss on asset sales and disposal on our consolidated statement of operations related to our Predecessor’s sale of producing wells in the Niobrara Shale in connection with the settlement of a third party farmout agreement.