XML 33 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Properties and Equipment (Tables)
6 Months Ended
Jun. 30, 2016
Oil and Gas Property [Abstract]  
Property, Plant and Equipment
The following table presents the components of properties and equipment, net of accumulated depreciation, depletion and amortization ("DD&A"):

 
June 30, 2016
 
December 31, 2015
 
(in thousands)
Properties and equipment, net:
 
 
 
Crude oil and natural gas properties
 
 
 
Proved
$
3,067,916

 
$
2,881,189

Unproved
61,202

 
60,498

Total crude oil and natural gas properties
3,129,118

 
2,941,687

Equipment and other
31,566

 
30,098

Land and buildings
9,040

 
12,667

Construction in progress
117,190

 
113,115

Properties and equipment, at cost
3,286,914

 
3,097,567

Accumulated DD&A
(1,356,319
)
 
(1,157,015
)
Properties and equipment, net
$
1,930,595

 
$
1,940,552

 
 
 
 
Impairment of natural gas and crude oil properties
The following table presents impairment charges recorded for crude oil and natural gas properties:

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
 
(in thousands)

 
 
 
 
 
 
 
Impairment of proved and unproved properties
$
1,084

 
$
1,631

 
$
2,053

 
$
1,919

Amortization of individually insignificant unproved properties
54

 
2,773

 
86

 
5,257

Impairment of crude oil and natural gas properties
1,138

 
4,404

 
2,139

 
7,176

Land and buildings
3,032

 

 
3,032

 

Impairment of properties and equipment
$
4,170

 
$
4,404

 
$
5,171

 
$
7,176