Oil and Gas Properties
|9 Months Ended|
Sep. 30, 2022
|Oil and Gas Properties|
|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 nine months ended September 30, 2022:
The adjustments consist of the impact of the sale of Petrodome’s assets as described in Note 2 plus depletion expense for the nine months ended September 30, 2022.
The entire disclosure for properties used in normal conduct of oil and gas exploration and producing operations. This disclosure may include property accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef