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Property and Equipment
9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

(5) Property and Equipment:

Property and equipment at September 30, 2016 and December 31, 2015 consisted of the following:

 

(Thousands of dollars)    September 30,
2016
     December 31,
2015
 

Proved oil and gas properties, at cost

   $ 407,827       $ 395,129   

Less: Accumulated depletion and depreciation

     (220,668      (204,213
  

 

 

    

 

 

 

Oil and Gas Properties, Net

   $ 187,159       $ 190,916   
  

 

 

    

 

 

 

Field and office equipment

   $ 27,462       $ 27,919   

Less: Accumulated depreciation

     (18,066      (16,824
  

 

 

    

 

 

 

Field and Office Equipment, Net

   $ 9,396       $ 11,095   
  

 

 

    

 

 

 

Total Property and Equipment, Net

   $ 196,555       $ 202,011