XML 71 R39.htm IDEA: XBRL DOCUMENT v3.3.1.900
Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property, plant and equipment consists of the following (in thousands): 
 
December 31,
 
2015
 
2014
Oil and natural gas properties
 
 
 
Proved(1)
$
12,529,681

 
$
11,707,147

Unproved
363,149

 
290,596

Total oil and natural gas properties
12,892,830

 
11,997,743

Less accumulated depreciation, depletion and impairment
(11,149,888
)
 
(6,359,149
)
Net oil and natural gas properties capitalized costs
1,742,942

 
5,638,594

Land
14,260

 
16,300

Non-oil and natural gas equipment(2)
373,687

 
602,392

Buildings and structures(3)
227,673

 
263,191

Total
615,620

 
881,883

Less accumulated depreciation and amortization
(123,860
)
 
(305,420
)
Other property, plant and equipment, net
491,760

 
576,463

Total property, plant and equipment, net
$
2,234,702

 
$
6,215,057

____________________
(1)
Includes cumulative capitalized interest of approximately $48.9 million and $38.1 million at December 31, 2015 and 2014, respectively.
(2)
Includes cumulative capitalized interest of approximately $4.3 million at both December 31, 2015 and 2014.
(3)
Includes cumulative capitalized interest of approximately $20.4 million and $17.1 million at December 31, 2015 and 2014, respectively.
Capitalized Costs of Unproved Properties Excluded from Amortization
The following table summarizes the costs, by year incurred, related to unproved properties and pipe inventory, which were excluded from oil and natural gas properties subject to amortization at December 31, 2015 (in thousands):
 
 
 
Year Cost Incurred
 
Total
 
2015
 
2014
 
2013
 
2012 and Prior
Property acquisition
$
362,803

 
$
197,849

 
$
70,304

 
$
14,011

 
$
80,639

Exploration(1)
34,988

 
10,698

 
6,263

 
17,688

 
339

Total costs incurred
$
397,791

 
$
208,547

 
$
76,567

 
$
31,699

 
$
80,978

____________________
(1)
Includes $34.7 million of pipe inventory costs incurred ($10.5 million in 2015, $6.2 million in 2014 and $18.0 million in 2013 and prior years).