Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
The following table summarizes our property and equipment as of the dates presented: 
 
March 31,
 
 
December 31,
 
2017
 
 
2016
Oil and gas properties:
 

 
 
 

Proved
$
272,947

 
 
$
251,083

Unproved
3,468

 
 
4,719

Total oil and gas properties
276,415

 
 
255,802

Other property and equipment
3,575

 
 
3,575

Total properties and equipment
279,990

 
 
259,377

Accumulated depreciation, depletion and amortization
(21,664
)
 
 
(11,904
)
 
$
258,326

 
 
$
247,473


Unproved property costs of $3.5 million and $4.7 million have been excluded from amortization as of March 31, 2017 and December 31, 2016, respectively. We transferred $1.9 million of undeveloped leasehold costs associated with acreage unlikely to be drilled or associated with proved undeveloped reserves, including capitalized interest, from unproved properties to the full cost pool during the three months ended March 31, 2017. We capitalized internal costs of $0.6 million and interest of less than $0.1 million during the three months ended March 31, 2017 in accordance with our accounting policies. Average DD&A per BOE of proved oil and gas properties was $11.47 and $9.91 for the three months ended March 31, 2017 and 2016, respectively.