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Property and Equipment (Tables)
3 Months Ended
Mar. 31, 2019
Property and Equipment  
Schedule of property and equipment

 

 

 

 

 

 

 

 

 

 

    

March 31, 2019

    

December 31, 2018

 

 

(in thousands)

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

 

 

 

 

 

 

Proved properties

 

$

818,013

 

$

809,272

Unproved properties not being amortized

 

 

1,869

 

 

4,050

Other property and equipment

 

 

6,340

 

 

6,345

Less accumulated depreciation, depletion, amortization and impairment

 

 

(287,544)

 

 

(266,198)

Net property and equipment

 

$

538,678

 

$

553,469

 

Schedule of costs incurred in oil and natural gas property acquisition, exploration and development activities

During the three months ended March 31, 2019 and 2018, the Company capitalized the following (in thousands):

 

 

 

 

 

 

 

 

 

    

2019

    

2018

Internal costs capitalized to oil and gas properties (1)

 

$

 —

 

$

895


(1)

Inclusive of $0.2 million of qualifying share-based compensation expense for the three months ended March 31, 2018.

 

Schedule of depletion expense related to oil and gas properties

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Three Months Ended

 

 

March 31,

 

March 31,

 

    

2019

    

2018

    

2019

    

2018

 

 

(in thousands)

 

(per Boe)

Depletion expense

 

$

11,680

 

$

14,623

 

$

9.81

 

$

8.45

Depreciation on other property and equipment

 

 

114

 

 

590

 

 

0.10

 

 

0.34

Depreciation, depletion, and amortization

 

$

11,794

 

$

15,213

 

$

9.91

 

$

8.79