Quarterly report pursuant to Section 13 or 15(d)

Oil and Gas Properties

v3.21.1
Oil and Gas Properties
3 Months Ended
Mar. 31, 2021
Oil and Gas Properties  
Note 4. Oil and Gas Properties

The following table summarizes the Company’s oil and gas activities by classification and geographical cost center for the three months ended March 31, 2021:

 

 

 

December 31,

2020

 

 

Adjustments

 

 

Impairments

 

 

March 31,

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proved developed producing oil and gas properties

 

 

 

 

 

 

 

 

 

 

 

 

United States cost center

 

$

81,352,074

 

 

$

409,105

 

 

$

-

 

 

$

81,761,179

 

Accumulated depreciation, depletion and amortization

 

 

(16,648,321

)

 

 

(1,494,678

)

 

 

-

 

 

 

(18,142,999

)

Proved developed producing oil and gas properties, net

 

$

64,703,753

 

 

$

(1,085,573

)

 

$

-

 

 

$

63,618,180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Undeveloped and non-producing oil and gas properties

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States cost center

 

$

47,209,269

 

 

$

266,455

 

 

$

-

 

 

$

47,475,724

 

Accumulated depreciation, depletion and amortization

 

 

(9,756,586

)

 

 

(843,059

)

 

 

-

 

 

 

(10,599,645

)

Undeveloped and non-producing oil and gas properties, net

 

$

37,452,683

 

 

$

(576,604

)

 

$

-

 

 

$

36,876,079

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Oil and Gas Properties, Net

 

$

102,156,436

 

 

$

(1,662,177

)

 

$

-

 

 

$

100,494,259