Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.19.2
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 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):
 
June 30, 2019
 
December 31, 2018
Land
$
13,808

 
$
13,276

Proved properties
114,722

 
101,459

Unproved properties
10,204

 
10,204

Wells in progress
25,605

 
4,660

Corporate and other
5,147

 
2,905

Total property, plant and equipment at cost
169,486

 
132,504

Accumulated DD&A
(8,207
)
 
(1,924
)
Total property, plant and equipment, net
$
161,279

 
$
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.