Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.1
Property and Equipment
3 Months Ended
Mar. 31, 2019
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,
 
2019
 
2018
Oil and gas properties:
 

 
 

Proved
$
1,135,580

 
$
1,037,993

Unproved
64,429

 
63,484

Total oil and gas properties
1,200,009

 
1,101,477

Other property and equipment
22,502

 
20,383

Total properties and equipment
1,222,511

 
1,121,860

Accumulated depreciation, depletion and amortization
(232,681
)
 
(193,866
)
 
$
989,830

 
$
927,994


Unproved property costs of $64.4 million and $63.5 million have been excluded from amortization as of March 31, 2019 and December 31, 2018, respectively. An additional $0.3 million of costs, associated with wells in-progress for which we had not previously recognized any proved undeveloped reserves, were excluded from amortization as of March 31, 2019 and December 31, 2018. We transferred less than $0.1 million and $0.1 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, 2019 and 2018, respectively. We capitalized internal costs of $1.0 million and $0.7 million and interest of $1.2 million and $2.2 million during the three months ended March 31, 2019 and 2018, respectively, in accordance with our accounting policies. Average depreciation, depletion and amortization (“DD&A”) per barrel of oil equivalent of proved oil and gas properties was $17.49 and $15.20 for the three months ended March 31, 2019 and 2018, respectively.