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Oil And Gas Properties
 9 Months Ended
Sep. 30, 2018
Oil And Gas Properties [Abstract]  
Oil And Gas Properties

(8)  Oil and Gas Properties



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







 

 

 

 

 

 



 

 

 

 

 

 



 

September 30,

 

December 31,



 

2018

 

2017

Oil and gas properties

 

$

 6,377 

 

$

 5,704 

Unevaluated properties

 

 

 —

 

 

 —

Accumulated depreciation, depletion and amortization

 

 

 (1,538)

 

 

 (984)

Oil and gas properties, net

 

$

 4,839 

 

$

 4,720 



The Company recorded depletion expense of $546,000 and $608,000 for the nine months ended September 30, 2018 and 2017, respectively.  During the nine months ended September 30, 2018 and 2017, the Company also recorded in “Accumulated depreciation, depletion, and amortization” an $8,000 gain on asset retirement obligations and a $2,000 gain on asset retirement obligations, respectively.