| 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 six months ended June 30, 2022:
|
|
December 31, |
|
|
|
|
|
|
|
|
June 30, |
|
|
|
2021 |
|
|
Adjustments |
|
|
Impairments |
|
|
2022 |
|
Proved developed producing oil and gas properties |
|
|
|
|
|
|
|
|
|
|
|
|
United States cost center |
|
$ |
17,416,106 |
|
|
$ |
(6,289 |
) |
|
$ |
- |
|
|
$ |
17,409,817 |
|
Accumulated depreciation, depletion and amortization |
|
|
(10,806,908 |
) |
|
|
(300,313 |
) |
|
|
- |
|
|
|
(11,107,221 |
) |
Proved developed producing oil and gas properties, net |
|
$ |
6,609,198 |
|
|
$ |
(306,602 |
) |
|
$ |
- |
|
|
$ |
6,302,596 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Undeveloped and non-producing oil and gas properties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States cost center |
|
|
22,082,329 |
|
|
|
(8,590 |
) |
|
|
- |
|
|
|
22,073,739 |
|
Accumulated depreciation, depletion and amortization |
|
|
(13,865,956 |
) |
|
|
(348,324 |
) |
|
|
- |
|
|
|
(14,214,280 |
) |
Undeveloped and non-producing oil and gas properties, net |
|
$ |
8,216,373 |
|
|
$ |
(356,914 |
) |
|
$ |
- |
|
|
$ |
7,859,459 |
|
Total Oil and Gas Properties, Net |
|
$ |
14,825,571 |
|
|
$ |
(663,516 |
) |
|
$ |
- |
|
|
$ |
14,162,055 |
|
|