XML 41 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1

Schedule of information on Oil and Gas Industries (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of information on Oil and Gas Industries

Schedule of information on Oil and Gas Industries

The Company’s net ownership interests in estimated quantities of proved oil and natural gas reserves and changes in net proved reserves, all of which are located in the continental United States, are summarized below:

		2016
			Gas			Oil
			(MMCF)			(MBBLS)
Proved developed and undeveloped reserves -
January 1, 2016			2,604			58
Purchase of oil and natural gas properties in place			0			0
Discoveries and exclusions			0			0
Revisions			615			91
Sales of oil and gas properties in place			0			0
Production			0			0
December 31, 2016			3,219			149
Proved developed at  beginning of year			504			59
Proved developed reserves at end of year			1,051			81
			2015
			Gas			Oil
			(MMCF)			(MBBLS)
Proved developed and undeveloped reserves -
January 1, 2015			2,866			139
Purchase of oil and natural gas properties in place			0			0
Discoveries and exclusions			0			0
Revisions			(94	)		(69	)
Sales of oil and gas properties in place			0			0
Production			(168	)		(12	)
December 31, 2015			2,604			58
Proved developed at  beginning of year			698			70
Proved developed reserves at end of year			504			59

			2016			2015
Oil and gas sales		$	764		$	820
Operating expenses			(703	)		(1,183	)
Depreciation, depletion and amortization			(494	)		(617	)
Impairment of oil & gas properties			—			(2,717	)
Results of operations		$	(398	)	$	(3,697	)

Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows

The following table reflects the standardized measure of future net cash flows related to our
proved reserves
			2016			2015
Future oil and gas cash inflows		$	19,368		$	14,326
Future oil & gas operating expenses			(4,605	)		(2,554	)
Future development costs			(2,982	)		(1,982	)
Future tax expense			(1,308	)		(998	)
Future net cash flows		$	10,473		$	8,792
10% discount to reflect timing of cash flows			(4,150	)		(2,878	)
		$	6,323		$	5,914

Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities

The following table presents the changes in our total proved undeveloped reserves.

		Gas			Oil
		(MMCF)			(MBBLS)
Proved undeveloped reserves as of December 31, 2014			2,168			68
Revaluation of undeveloped reserves			—			(68	)
Conversion to proved developed reserves						—
Proved undeveloped reserves as of December 31, 2015			2,168			0
Conversion to proved developed reserves
Revaluation of undeveloped reserves						68
Proved undeveloped reserves as of December 31, 2016			2,168			68

Schedule of Capitalized Costs Relating to Oil and Gas Producing Activities

The following table reflects the capitalized costs relating to oil and gas producing activities.

		2016						2015
Property acquisition costs:
Proved properties		$						$	9,116
Unproved properties			-						-
Accumulated depreciation, depletion and amortization
and valuation allowance									(3,202	)
Net capitalized costs		$						$	5,914

Schedule of Costs incurred in oil and gas property acquisition, exploration and development

The following table reflects the costs incurred in oil and gas property acquisition, exploration and development activities.

		2016				2015
Property acquisition costs:
Proved properties		$	-			$	-
Unproved properties			-				-
Exploration costs			-				-
Development costs							206
Total cost incurred		$				$	206

X

- References

No definition available.

+ Details

Name:	fil_ExtractiveIndustriesAbstract1
Namespace Prefix:	fil_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aggregate capitalized costs relating to an enterprise's oil and gas producing activities and the aggregate related accumulated depreciation, depletion, amortization, and valuation allowances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61901-109447

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 55
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=34713648&loc=d3e63019-109448

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61929-109447

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61926-109447

+ Details

Name:	us-gaap_CapitalizedCostsRelatingToOilAndGasProducingActivitiesDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in capitalized exploratory costs during the period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=68064819&loc=SL6806780-109447

+ Details

Name:	us-gaap_CapitalizedExploratoryWellCostsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the aggregate change in the standardized measure of discounted future net cash flows relating to proved oil and gas reserves and oil and gas subject to purchases under long-term agreements in which the enterprise participates in the operation of the properties on which oil and gas is located or otherwise serves as the producer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62500-109447

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 36
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62536-109447

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62496-109447

+ Details

Name:	us-gaap_ScheduleOfChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of in process activities, such as the number of wells in process of drilling (including wells temporarily suspended), water floods in process of installation, pressure maintenance operations, and any other related operations of material importance by appropriate geographic areas.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1206

+ Details

Name:	us-gaap_ScheduleOfOilAndGasInProcessActivitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61858-109447

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61884-109447

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61831-109447

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61797-109447

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61869-109447

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-SubTopic 235
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61872-109447

+ Details

Name:	us-gaap_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration