Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.8.0.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2018
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
NOTE 2 — PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment is comprised of fixed assets and natural gas properties, as shown below (in thousands):
 
March 31, 2018
 
December 31, 2017
Land
$
9,963

 
$
9,491

Proved natural gas properties
90,952

 
90,869

Unproved natural gas properties
13,000

 
13,000

Corporate and other
3,035

 
3,038

Total property, plant and equipment at cost
116,950

 
116,398

Accumulated DD&A
(909
)
 
(542
)
Total property, plant and equipment, net
$
116,041

 
$
115,856


Proved Properties
We own producing and non-producing acreage in Northern Louisiana.
Unproved Properties
We own interests in unproved properties in the Weald Basin, United Kingdom and the Bonaparte Basin, Australia. In the United Kingdom, we hold non-operating interests in two licenses which expire in June and September 2021, respectively. In Australia, we hold an operating interest in an exploration permit which expires in May 2019. In March 2018, we received approval from Australian regulators to have a seismic survey conducted on our interest in the Bonaparte Basin. See Note 10, Subsequent Events, for further information regarding our interest in the Australian exploration permit.