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Oil And Gas Properties
 12 Months Ended
Dec. 31, 2020
Oil And Gas Properties [Abstract]  
Oil And Gas Properties

3. Oil and Gas Properties



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







 

 

 

 

 

 



 

 

 

 

 

 



 

December 31,



 

2020

 

2019

Oil and gas properties

 

$

 6,752 

 

$

 6,751 

Ceiling test impairment

 

$

 (3,855)

 

$

 —

Oil and gas properties, net of ceiling test impairment

 

$

 2,897 

 

$

 6,751 



 

 

 

 

 

 

Unevaluated properties

 

 

 —

 

 

 —



 

 

 

 

 

 

Accumulated depreciation, depletion and amortization

 

 

 (2,935)

 

 

 (2,366)

Ceiling test impairment

 

 

 2,935 

 

 

 —

Accumulated depreciation, depletion and amortization, net of ceiling test impairment

 

 

 —

 

 

 (2,366)



 

 

 

 

 

 

Oil and gas properties, net

 

$

 2,897 

 

$

 4,385 



During the years ended December 31, 2020 and 2019, the Company recorded depletion expense of $569,000 and $637,000, respectively.