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Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2012

(in thousands)	June 30, 2012			December 31, 2011

Oil and gas properties
Proved oil and gas properties	$	91,754		$	89,392
Unproved properties not subject to depletion	1,518			1,369
Accumulated depreciation, depletion, amortization and impairment	(57,723		)	(40,502		)
Net oil and gas properties	35,549			50,259

Furniture and fixtures, computer hardware and software, and other equipment	775			728
Accumulated depreciation and amortization	(489		)	(441		)
Net other property and equipment	286			287

Total net property and equipment	$	35,835		$	50,546

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details