Property and Equipment

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

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



	March 31,			December 31,
	2017			2016
Oil and gas properties:
Proved	$	272,947		$	251,083
Unproved	3,468			4,719
Total oil and gas properties	276,415			255,802
Other property and equipment	3,575			3,575
Total properties and equipment	279,990			259,377
Accumulated depreciation, depletion and amortization	(21,664		)	(11,904		)
	$	258,326		$	247,473

Unproved property costs of $3.5 million and $4.7 million have been excluded from amortization as of March 31, 2017 and December 31, 2016, respectively. We transferred $1.9 million of undeveloped leasehold costs associated with acreage unlikely to be drilled or associated with proved undeveloped reserves, including capitalized interest, from unproved properties to the full cost pool during the three months ended March 31, 2017. We capitalized internal costs of $0.6 million and interest of less than $0.1 million during the three months ended March 31, 2017 in accordance with our accounting policies. Average DD&A per BOE of proved oil and gas properties was $11.47 and $9.91 for the three months ended March 31, 2017 and 2016, respectively.