| Oil and Gas Properties |
Note 6. 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, 2022:
|
|
December 31, |
|
|
|
|
|
|
|
|
March 31, |
|
|
|
2021 |
|
|
Adjustments |
|
|
Impairments |
|
|
2022 |
|
Proved developed producing oil and gas properties |
|
|
|
|
|
|
|
|
|
|
|
|
United States cost center |
|
$ |
17,416,106 |
|
|
$ |
(8,509 |
) |
|
$ |
- |
|
|
$ |
17,407,597 |
|
Accumulated depreciation, depletion and amortization |
|
|
(10,806,908 |
) |
|
|
(147,334 |
) |
|
|
- |
|
|
|
(10,954,242 |
) |
Proved developed producing oil and gas properties, net |
|
$ |
6,609,198 |
|
|
$ |
(155,843 |
) |
|
$ |
- |
|
|
$ |
6,453,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Undeveloped and non-producing oil and gas properties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States cost center |
|
|
22,082,329 |
|
|
|
(11,504 |
) |
|
|
- |
|
|
|
22,070,825 |
|
Accumulated depreciation, depletion and amortization |
|
|
(13,865,956 |
) |
|
|
(170,488 |
) |
|
|
- |
|
|
|
(14,036,444 |
) |
Undeveloped and non-producing oil and gas properties, net |
|
$ |
8,216,373 |
|
|
$ |
(181,992 |
) |
|
$ |
- |
|
|
$ |
8,034,381 |
|
Total Oil and Gas Properties, Net |
|
$ |
14,825,571 |
|
|
$ |
(337,835 |
) |
|
$ |
- |
|
|
$ |
14,487,736 |
|
|