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Oil And Gas Properties
 12 Months Ended
Dec. 31, 2015
Oil And Gas Properties [Abstract]  
Oil And Gas Properties

4. Oil and Gas Properties

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

2015

 

2014

Oil and gas properties, at cost, net of impairment

 

$

 8,286 

 

$

 49,388 

Unevaluated properties, at cost

 

 

 552 

 

 

 462 

Accumulated depreciation, depletion and amortization

 

 

 —

 

 

 (24,437)

Oil and gas properties, net

 

$

 8,838 

 

$

 25,413 

 

During the years ended December 31, 2015, 2014, and 2013, the Company recorded depletion expense of $2.5 million, $2.8 million and $2.6 million, respectively.  In addition, as a result of the ceiling test impairment during 2015, the accumulated depreciation, depletion, and amortization has been netted against the cost to reflect the post impairment value of the oil and gas properties.