Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.8.0.1
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
NOTE 5 — PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment is comprised of fixed assets and oil and natural gas properties, as shown below (in thousands):
 
December 31,
 
2017
 
2016
Land
$
9,491

 
$
9,491

Proved oil and natural gas properties
90,869

 
—

Unproved oil and natural gas properties
13,000

 
—

Wells in progress
345

 
—

Corporate and other
2,693

 
1,571

Total fixed assets, at cost
116,398

 
11,062

Accumulated depreciation and depletion
(542
)
 
(69
)
Total property, plant and equipment, net
$
115,856

 
$
10,993


Depreciation and depletion expense for the years ended December 31, 2017, and 2016 was approximately $0.5 million and $0.1 million, respectively.
Oil and Natural Gas Properties    
Proved Properties
Tellurian has acquired producing and non-producing acreage in northern Louisiana. For more information about these properties, please see “Supplemental Disclosures about Natural Gas Producing Activities.”
Unproved Properties
In connection with the Merger, the Company acquired interests in certain unproved properties in the Weald Basin, United Kingdom and the Bonaparte Basin, Australia. In the United Kingdom, Tellurian holds non-operating interests in two licenses which expire in June and September 2021, respectively. In Australia, Tellurian holds an operating interest in an exploration permit which expires in May 2019.