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Property and Equipment
9 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

(4) Property and Equipment:

Property and equipment at September 30, 2018 and December 31, 2017 consisted of the following:

 

(Thousands of dollars)    September 30,
2018
     December 31,
2017
 

Proved oil and gas properties, at cost

   $ 499,958      $ 476,570  

Less: Accumulated depletion and depreciation

     (281,824      (263,569
  

 

 

    

 

 

 

Oil and Gas Properties, Net

   $ 218,134      $ 213,001  
  

 

 

    

 

 

 

Field and office equipment

   $ 26,788      $ 26,241  

Less: Accumulated depreciation

     (20,192      (19,267
  

 

 

    

 

 

 

Field and Office Equipment, Net

   $ 6,596      $ 6,974  
  

 

 

    

 

 

 

Total Property and Equipment, Net

   $ 224,730      $ 219,975