Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.19.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2019
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 oil and natural gas properties, as shown below (in thousands):
 
March 31, 2019
 
December 31, 2018
Land
$
13,878

 
13,276

Proved properties
114,337

 
101,459

Unproved properties
10,204

 
10,204

Wells in progress
7,905

 
4,660

Corporate and other
5,042

 
2,905

Total property, plant and equipment at cost
151,366

 
132,504

Accumulated DD&A
(4,173
)
 
(1,924
)
Total property, plant and equipment, net
$
147,193

 
$
130,580


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.

Unproved Properties
We own interests in unproved properties in the Weald Basin, United Kingdom through our holding of non-operating interests in two licenses which expire in June and September 2021.