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Oil And Gas Properties
 9 Months Ended
Sep. 30, 2020
Oil And Gas Properties [Abstract]  
Oil And Gas Properties

(5)  Oil and Gas Properties



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







 

 

 

 

 

 



 

 

 

 

 

 



 

September 30,

 

December 31,



 

2020

 

2019

Oil and gas properties

 

$

 6,685 

 

$

 6,751 

Unevaluated properties

 

 

 —

 

 

 —

Accumulated depreciation, depletion, and amortization

 

 

 (2,771)

 

 

 (2,366)

Oil and gas properties, net

 

$

 3,914 

 

$

 4,385 



The Company recorded depletion expense of $405,000 and $504,000 for the nine months ended September 30, 2020 and 2019, respectively.  During the nine months ended September 30, 2019, the Company also recorded in “Accumulated depreciation, depletion, and amortization” a $4,000 gain on asset retirement obligations.