Suspended Well Costs

12 Months Ended

Dec. 31, 2020

Extractive Industries [Abstract]

Suspended Well Costs [Text Block]

Note 15 – Suspended Well Costs

The following table reflects the net changes in capitalized exploratory well costs during 2020, 2019, and 2018. The table does not include amounts that were capitalized and either subsequently expensed or reclassified to producing well costs in the same year:

	For the Years Ended December 31,
	2020		2019		2018
	(in thousands)
Beginning balance	$	11,925	$	11,197	$	49,446
Additions to capitalized exploratory well costs pending the determination of proved reserves	3,346		11,925		11,197
Divestitures	—		—		(109)
Reclassifications based on the determination of proved reserves	(9,573)		(11,197)		(49,337)
Capitalized exploratory well costs charged to expense	—		—		—
Ending balance	$	5,698	$	11,925	$	11,197

As of December 31, 2020, there were no material exploratory well costs that were capitalized for more than one year.