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Oil And Gas Properties
 9 Months Ended
Sep. 30, 2019
Oil And Gas Properties [Abstract]  
Oil And Gas Properties



(7)  Oil and Gas Properties



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







 

 

 

 

 

 



 

 

 

 

 

 



 

September 30,

 

December 31,



 

2019

 

2018

Oil and gas properties

 

$

 6,574 

 

$

 6,503 

Unevaluated properties

 

 

 —

 

 

 23 

Accumulated depreciation, depletion, and amortization

 

 

 (2,230)

 

 

 (1,722)

Oil and gas properties, net

 

$

 4,344 

 

$

 4,804 



The Company recorded depletion expense of $504,000 and $546,000 for the nine months ended September 30, 2019 and 2018, respectively.  During the nine months ended September 30, 2019 and 2018, the Company also recorded in “Accumulated depreciation, depletion, and amortization” a $4,000 gain on asset retirement obligations and an $8,000 gain on asset retirement obligations, respectively.