Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.22.0.1
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
NOTE 4 — PROPERTY, PLANT AND EQUIPMENT
The components of property, plant and equipment consist of the following (in thousands):
December 31,
2021 2020
Land and Land improvements $ 25,399  $ 13,808 
Proved properties 96,297  62,227 
Wells in progress 17,653  492 
Corporate and other 3,476  3,476 
Total property, plant and equipment, at cost 142,825  80,003 
Accumulated depreciation, depletion and amortization (50,163) (38,764)
Right of use asset — finance leases 57,883  20,018 
Total property, plant and equipment, net $ 150,545  $ 61,257 
Depreciation, depletion and amortization expenses for the years ended December 31, 2021, 2020 and 2019 were approximately $11.5 million, $17.2 million and $20.4 million, respectively.
Land and Land improvements
We own land in Louisiana for the purpose of constructing the Driftwood terminal. During the year ended December 31, 2021, we capitalized approximately $9.4 million in land improvement costs to prepare the land for its intended use.
Proved Properties
During the year ended December 31, 2021, we completed the drilling and put in production four new Haynesville operated natural gas wells. We also participated in the drilling of six Haynesville non-operated natural gas wells.
During the year ended December 31, 2020, we recognized an Impairment charge of approximately $81.1 million primarily associated with our assets located in northern Louisiana.