| Oil and Gas Properties |
Note 5. 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, 2023:
|
|
December 31, |
|
|
|
|
|
|
|
|
March 31, |
|
|
|
2022 |
|
|
Adjustments |
|
|
Impairments |
|
|
2023 |
|
Proved developed producing oil and gas properties |
|
|
|
|
|
|
|
|
|
|
|
|
United States cost center |
|
$ |
3,872,488 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,872,488 |
|
Accumulated depreciation, depletion and amortization |
|
|
(2,803,375 |
) |
|
|
(50,990 |
) |
|
|
- |
|
|
|
(2,854,365 |
) |
Proved developed producing oil and gas properties, net |
|
$ |
1,069,113 |
|
|
$ |
(50,990 |
) |
|
$ |
- |
|
|
$ |
1,018,123 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Undeveloped and non-producing oil and gas properties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States cost center |
|
|
785,302 |
|
|
|
- |
|
|
|
- |
|
|
|
785,302 |
|
Accumulated depreciation, depletion and amortization |
|
|
(568,497 |
) |
|
|
(10,340 |
) |
|
|
- |
|
|
|
(578,837 |
) |
Undeveloped and non-producing oil and gas properties, net |
|
$ |
216,805 |
|
|
$ |
(10,340 |
) |
|
$ |
- |
|
|
$ |
206,465 |
|
Total Oil and Gas Properties, Net |
|
$ |
1,285,918 |
|
|
$ |
(61,330 |
) |
|
$ |
- |
|
|
$ |
1,224,588 |
|
|