Oil and Natural Gas Properties and Other Property and Equipment (Tables)

6 Months Ended

Dec. 31, 2014

Schedule of Capitalized Costs Relating to Oil and Gas Producing Activities

The following table sets forth the capitalized costs under the successful efforts method for oil and natural gas properties:

(in thousands)	December 31, 2014			June 30, 2014
Oil and natural gas properties:
Proved	$	48,961		$	82,362
Unproved		10,506			19,109
Total oil and natural gas properties		59,467			101,471
Less accumulated depletion and impairment		(28,748	)		(19,138	)
Net oil and natural gas properties capitalized costs		30,719			82,333
Less assets held for sale		(25,000	)		—
	$	30,719		$	82,333

Schedule of Property, Plant and Equipment

The historical cost of other property and equipment, presented on a gross basis with accumulated depreciation and amortization is summarized as follows:

(in thousands)	December 31, 2014			June 30, 2014
Other property and equipment	$	1,213		$	1,196
Less accumulated depreciation and amortization		(448	)		(359	)
Net property and equipment	$	765		$	837

RED MOUNTAIN RESOURCES, INC. 10-Q