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Property, Plant and Equipment (Tables)
9 Months Ended
Sep. 30, 2018
Property, Plant And Equipment [Abstract]  
Net Changes in Capitalized Exploratory Well Costs



 

 

 

 

 



 

 

 

 

 

(Thousands of dollars)

2018

 

 

2017

Beginning balance at January 1

$

175,640 

 

 

148,500 

Additions pending the determination of proved reserves

 

41,940 

 

 

51,614 

Reclassifications to proved properties based on the determination of proved reserves

 

(2,214)

 

 

(13,370)

Capitalized exploratory well costs charged to expense

 

(4,521)

 

 

(8,360)

Balance at September 30

$

210,845 

 

 

178,384 



Aging of Capitalized Exploratory Well Costs



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

September 30,



2018

 

2017

(Thousands of dollars)

Amount

 

No. of Wells

 

No. of Projects

 

Amount

 

No. of Wells

 

No. of Projects

Aging of capitalized well costs:

 

 

 

 

 

 

 

 

 

 

 

 

 

Zero to one year

$

46,813 

 

1 

 

1 

 

$

41,609 

 

3 

 

2 

One to two years

 

41,051 

 

3 

 

2 

 

 

8,430 

 

2 

 

2 

Two to three years

 

5,208 

 

1 

 

1 

 

 

43,197 

 

1 

 

1 

Three years or more

 

117,773 

 

5 

 

2 

 

 

85,148 

 

7 

 

1 



$

210,845 

 

10 

 

6 

 

$

178,384 

 

13 

 

6