Properties and Equipment, Net

6 Months Ended

Jun. 30, 2014

2. Properties and Equipment, Net

Properties and equipment, net are comprised of the following:

	June 30,			December 31,
(In thousands)	2014			2013

Proved oil and gas properties	$	6,954,493		$	6,362,570
Unproved oil and gas properties	352,182			375,428
Gathering and pipeline systems	240,201			239,958
Land, buildings and other equipment	101,026			94,243
	7,647,902			7,072,199
Accumulated depreciation, depletion and amortization	(2,822,378		)	(2,525,972		)
	$	4,825,524		$	4,546,227

At June 30, 2014, the Company did not have any projects that had exploratory well costs that were capitalized for a period of greater than one year after drilling.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details