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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2013
Summary of Significant Accounting Policies [Abstract] |
Components of property and equipment | Components of Property and Equipment as of September 30, 2013 and December 31, 2012 are as follows:
|  | (In thousands) |
|  | September 30, |  |  | December 31, |
|  | 2013 |  |  | 2012 |
Oil & Gas properties |  |  |  |  |  |
Unproved |  | $ | 9,687 |  |  | $ | 9,169 |
Wells in progress |  |  | 777 |  |  |  | -- |
Proved |  |  | 127,382 |  |  |  | 119,919 |
|  |  | 137,846 |  |  |  | 129,088 |
Less accumulated depreciation |  |  |  |  |  |  |  |
depletion and amortization |  |  | (53,333 | ) |  |  | (43,454 | )
Net book value |  |  | 84,513 |  |  |  | 85,634 |
Mineral properties |  |  | 20,739 |  |  |  | 20,739 |
Building, land and equipment |  |  | 8,410 |  |  |  | 8,469 |
Less accumulated depreciation |  |  | (4,184 | ) |  |  | (4,034 | )
Net book value |  |  | 4,226 |  |  |  | 4,435 |
Totals |  | $ | 109,478 |  |  | $ | 110,808
Mineral properties | Our carrying balance in the Mt. Emmons property at September 30, 2013 and December 31, 2012 is as follows:
|  | (In thousands) |
|  | September 30, |  |  | December 31, |
|  | 2013 |  |  | 2012 |
Costs associated with Mount Emmons beginning of year |  | $ | 20,739 |  |  | $ | 20,739 |
Development costs |  |  | -- |  |  |  | -- |
Costs at the end of the period |  | $ | 20,739 |  |  | $ | 20,739 |

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- Definition Tabular disclosure of the long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. + References No definition available. + Details
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- Definition Tabular disclosure of aggregate capitalized costs relating to mineral properties. + References No definition available. + Details
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- Details
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