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Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

The major components of property and equipment, at cost, are as follows:



	Estimated Useful Life	December 31,
	Estimated Useful Life	2013		2014
	Years	(In thousands)
Oil and gas properties	—	$	564,755	$	716,922
Equipment and other	3-39	17,237		18,608
Drilling rig	15	21,722		22,075
		$	603,714	$	757,605

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details