XML 64 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9
Property and Equipment (Tables)
3 Months Ended
Mar. 31, 2015
Property and Equipment  
Schedule of property and equipment

 

 

 

March 31, 2015

 

December 31, 2014

 

 

 

(in thousands)

 

Oil and gas properties, on the basis of full-cost accounting:

 

 

 

 

 

Proved properties

 

$

3,491,783

 

$

3,398,146

 

Unevaluated properties

 

41,193

 

44,535

 

Other property and equipment

 

13,845

 

13,454

 

Less accumulated depreciation, depletion, amortization and impairment

 

(1,566,043

)

(1,333,019

)

Net property and equipment

 

$

1,980,778

 

$

2,123,116

 

 

Schedule of internal costs capitalized

 

 

 

Three Months Ended March 31,

 

 

 

2015

 

2014

 

Internal costs capitalized to oil and gas properties (1)

 

$

2,302 

 

$

3,124 

 

 

 

(1)

Inclusive of $0.5 million of qualifying share-based compensation expense for the three months ended March 31, 2015 and 2014.

Schedule of depletion expense related to oil and gas properties

 

 

 

Three Months Ended March 31,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

(in thousands)

 

(per Boe)

 

Depletion expense

 

$

57,605 

 

$

66,204 

 

$

18.73 

 

$

25.37 

 

Depreciation on other property

 

823 

 

697 

 

0.27 

 

0.26 

 

Depreciation, depletion, and amortization

 

$

58,428 

 

$

66,901 

 

$

19.00 

 

$

25.63