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Oil And Gas Properties
 9 Months Ended
Sep. 30, 2015
Oil And Gas Properties [Abstract]  
Oil And Gas Properties

(6)  Oil and Gas Properties

 

The following table sets forth information concerning the Company’s oil and gas properties (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

2015

 

2014

Oil and gas properties, at cost

 

$
16,050 

 

$
49,388 

Unevaluated properties

 

 
552 

 

 
462 

Accumulated depletion

 

 

 —

 

 
(24,437)

Oil and gas properties, net

 

$
16,602 

 

$
25,413 

 

The Company recorded depletion expense of $1,974,000 and $2,020,000 for the nine months ended September 30, 2015 and 2014, respectively.  In addition, during the nine months ended September 30, 2015, the Company recorded an impairment of oil gas properties in the amount of $7.2 million.  No impairment of oil and gas properties was recorded during the nine months ended September 30, 2014.