Property and Equipment

9 Months Ended

Sep. 30, 2012


6.	Property and Equipment

The following table summarizes our property and equipment as of the dates presented:



	September 30, 2012			December 31, 2011
Oil and gas properties:
Proved	$	2,204,593		$	2,239,186
Unproved	99,384			120,288
Total oil and gas properties	2,303,977			2,359,474
Other property and equipment	95,591			143,285
Total property and equipment	2,399,568			2,502,759
Accumulated depreciation, depletion and amortization	(654,477		)	(725,184		)
	$	1,745,091		$	1,777,575

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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