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Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2015

Property, Plant and Equipment [Abstract]

Components of Property and Equipment

Property and equipment at September 30, 2015 and December 31, 2014 consisted of the following:

(Thousands of dollars)		September 30, 2015				December 31, 2014
Proved oil and gas properties, at cost		$	392,160			$	396,588
Less: Accumulated depletion and depreciation			190,294				188,988
Oil and Gas Properties, Net		$	201,866			$	207,600
Field and office equipment		$	28,313			$	27,403
Less: Accumulated depreciation			16,603				14,702
Field and Office Equipment, Net		$	11,710			$	12,701
Total Property and Equipment, Net		$	213,576			$	220,301

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 210



-SubTopic 10



-Section S99



-Paragraph 1



-Subparagraph (SX 210.5-02.13)



-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 360



-SubTopic 10



-Section 50



-Paragraph 1



-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229



Reference 3: http://www.xbrl.org/2003/role/presentationRef



-Publisher SEC



-Name Regulation S-X (SX)



-Number 210



-Section 02



-Paragraph 13



-Subparagraph b



-Article 5

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