Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.20.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
NOTE 3 — PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment is comprised of fixed assets, proved oil and natural gas properties and finance leases, as shown below (in thousands):
 
March 31, 2020
 
December 31, 2019
Land
$
13,808

 
$
13,808

Proved properties
142,289

 
142,494

Wells in progress
—

 
57

Corporate and other
5,285

 
5,285

Total property, plant and equipment at cost
161,382

 
161,644

Right of use asset — finance leases (Note 13)
13,371

 
13,437

Accumulated DD&A
(27,855
)
 
(22,041
)
Total property, plant and equipment, net
$
146,898

 
$
153,040


Land
We own land in Louisiana for the purpose of constructing the Driftwood Project.
Proved Properties
We own producing and non-producing acreage in northern Louisiana.