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Exploration and Production Activities (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Oil and Gas Exploration and Production Industries Disclosures [Abstract]  
Capitalized costs relating to oil and gas producing activities disclosure
The following table sets forth capitalized costs and accumulated depreciation, depletion and amortization related to oil and natural gas producing activities, prior to Fidelity's assets being held for sale, at December 31:
 
2014

 
(In thousands)
Subject to amortization
$
3,205,036

Not subject to amortization
132,141

Total capitalized costs
3,337,177

Less accumulated depreciation, depletion and amortization
1,752,566

Net capitalized costs
$
1,584,611


Cost incurred in oil and gas property acquisition, exploration, and development activities disclosure
Capital expenditures, including those not subject to amortization, related to oil and natural gas producing activities prior to Fidelity's assets being held for sale, excluding the years ended December 31, 2016 and 2015, due to no wells being drilled during that time, were as follows:
Year ended December 31,
2014

*
 
(In thousands)
 
Acquisitions:
 

 
Proved properties
$
87,919

 
Unproved properties
138,683

 
Exploration
16,879

 
Development
331,400

 
Total capital expenditures
$
574,881

 
*
Excludes net reductions to property, plant and equipment related to the recognition of future liabilities for asset retirement obligations associated with the plugging and abandonment of oil and natural gas wells of $9.0 million for the year ended December 31, 2014.
 
Schedule of proved developed and undeveloped oil and gas reserve quantities
The changes in the Company's estimated quantities of proved oil, NGL and natural gas reserves for the year ended December 31, 2016, were as follows:
 
Oil
(MBbls)

NGL
(MBbls)

Natural Gas
(MMcf)

Total
(MBOE)

Proved developed and undeveloped reserves:
 
 
 
 
Balance at beginning of year
12,687

211

2,531

13,321

Production




Extensions and discoveries




Improved recovery




Purchases of proved reserves




Sales of proved reserves
(12,687
)
(211
)
(2,531
)
(13,321
)
Revisions of previous estimates




Balance at end of year




Significant changes in proved reserves for the year ended December 31, 2016, include:
Sales of proved reserves of (13.3) MMBOE, due to the Company's decision to sell Fidelity and exit the exploration and production business
The changes in the Company's estimated quantities of proved oil, NGL and natural gas reserves for the year ended December 31, 2015, were as follows:
 
Oil
(MBbls)

NGL
(MBbls)

Natural Gas
(MMcf)

Total
(MBOE)

Proved developed and undeveloped reserves:
 
 
 
 
Balance at beginning of year
43,918

7,187

245,011

91,940

Production
(3,286
)
(393
)
(16,747
)
(6,471
)
Extensions and discoveries
744

29

681

888

Improved recovery




Purchases of proved reserves




Sales of proved reserves
(16,474
)
(6,864
)
(202,560
)
(57,097
)
Revisions of previous estimates
(12,215
)
252

(23,854
)
(15,939
)
Balance at end of year
12,687

211

2,531

13,321

Significant changes in proved reserves for the year ended December 31, 2015, include:
Sales of proved reserves of (57.1) MMBOE, primarily due to the Company's decision to sell Fidelity and exit the exploration and production business
Revisions of previous estimates of (15.9) MMBOE, largely the result of lower commodity prices
The changes in the Company's estimated quantities of proved oil, NGL and natural gas reserves for the year ended December 31, 2014, were as follows:
 
Oil
(MBbls)

NGL
(MBbls)

Natural Gas
(MMcf)

Total
(MBOE)

Proved developed and undeveloped reserves:
 
 
 
 
Balance at beginning of year
41,019

6,602

198,445

80,695

Production
(4,919
)
(609
)
(20,822
)
(8,998
)
Extensions and discoveries
9,654

3,634

64,420

24,025

Improved recovery




Purchases of proved reserves
5,463


7,711

6,748

Sales of proved reserves
(4,945
)
(3,109
)
(40,451
)
(14,796
)
Revisions of previous estimates
(2,354
)
669

35,708

4,266

Balance at end of year
43,918

7,187

245,011

91,940

Significant changes in proved reserves for the year ended December 31, 2014, include:
Extensions and discoveries of 24.0 MMBOE, primarily due to drilling activity at the Company's East Texas, Bakken and Powder River Basin properties
Purchases of proved reserves of 6.7 MMBOE, primarily due to the purchase of working interests and leasehold positions in the Powder River Basin
Sales of proved reserves of (14.8) MMBOE, primarily at the Company's South Texas and Bakken properties
Revisions of previous estimates of 4.3 MMBOE, largely the result of higher natural gas prices and well performance revisions
The following table summarizes the breakdown of the Company's proved reserves between proved developed and PUD reserves at December 31:
 
2016

2015

2014

Proved developed reserves:
 
 
 
Oil (MBbls)

11,380

30,130

NGL (MBbls)

144

4,217

Natural Gas (MMcf)

2,033

184,437

Total (MBOE)

11,865

65,086

PUD reserves:
 
 
 
Oil (MBbls)

1,307

13,788

NGL (MBbls)

67

2,970

Natural Gas (MMcf)

498

60,574

Total (MBOE)

1,456

26,854

Total proved reserves:
 
 
 
Oil (MBbls)

12,687

43,918

NGL (MBbls)

211

7,187

Natural Gas (MMcf)

2,531

245,011

Total (MBOE)

13,321

91,940