XML 37 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Summary of the Company's property and equipment
The following table presents a summary of the Company’s property and equipment balances as of December 31, 2014 and 2013 (in thousands).
 
 
December 31,
 
 
2014
 
2013
Oil and natural gas properties
 
 
 
 
Evaluated (subject to amortization)
 
$
1,617,913

 
$
1,090,656

Unproved and unevaluated (not subject to amortization)
 
 
 
 
Incurred in 2014
 
116,821

 

Incurred in 2013
 
62,332

 
82,628

Incurred in 2012
 
12,891

 
23,341

Incurred in 2011 and prior
 
72,375

 
88,337

Total unproved and unevaluated
 
264,419

 
194,306

Total oil and natural gas properties
 
1,882,332

 
1,284,962

Accumulated depletion
 
(596,218
)
 
(463,091
)
Net oil and natural gas properties
 
1,286,114

 
821,871

Other property and equipment
 
 
 
 
Computer equipment
 
1,110

 
1,044

Furniture
 
1,191

 
1,057

Software
 
1,733

 
1,456

Other equipment
 
332

 
252

Leasehold improvements
 
971

 
991

Support equipment and facilities
 
38,135

 
25,110

Total other property and equipment
 
43,472

 
29,910

Accumulated depreciation
 
(7,514
)
 
(5,904
)
Net other property and equipment
 
35,958

 
24,006

Net property and equipment
 
$
1,322,072

 
$
845,877

Breakdown of the Company's unproved and unevaluated property costs not subject to amortization
The following table provides a breakdown of the Company’s unproved and unevaluated property costs not subject to amortization as of December 31, 2014 and the year in which these costs were incurred (in thousands).
Description
 
2014
 
2013
 
2012
 
2011 and
prior
 
Total
Costs incurred for
 
 
 
 
 
 
 
 
 
 
Property acquisition
 
$
87,207

 
$
62,332

 
$
12,800

 
$
72,375

 
$
234,714

Exploration wells
 
21,494

 

 

 

 
21,494

Development wells
 
8,120

 

 

 

 
8,120

Capitalized interest
 

 

 
91

 

 
91

Total
 
$
116,821

 
$
62,332

 
$
12,891

 
$
72,375

 
$
264,419