Property And Equipment

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT



(in thousands)	March 31, 2019			December 31, 2018
Oil and gas properties
Unproved properties	$	811,804		$	816,282
Accumulated impairment of unproved properties	(742,065		)	(742,065		)
Unproved properties, net	69,739			74,217
Proved oil and gas properties	2,163,279			2,110,346
Accumulated depletion and impairment	(1,455,268		)	(1,421,226		)
Proved oil and gas properties, net	708,011			689,120
Total oil and gas properties, net	777,750			763,337
Other property and equipment
Land	5,059			5,059
Fresh water wells	27,742			27,366
Produced water disposal system	3,590			3,608
Office furniture, equipment and vehicles	2,842			2,840
Accumulated depreciation	(1,134		)	(726		)
Other property and equipment, net	38,099			38,147
Total property and equipment, net	$	815,849		$	801,484

Depletion and Depreciation Expense



	Successor				Predecessor
(in thousands)	Three Months Ended March 31, 2019		February 9, 2018 Through March 31, 2018		January 1, 2018 Through February 8, 2018
Oil and gas properties depletion	$	34,042	$	10,773	$	11,021
Other property and equipment depreciation	408		163		609
Total depletion and depreciation	$	34,450	$	10,936	$	11,630

Impairment

During the three months ended March 31, 2019, we evaluated the qualitative market conditions and other factors impacting our business and concluded that there were no indicators of impairment. Therefore, we did not conduct further analysis on the recognition of additional impairment.

Alta Mesa Holdings, LP 10-Q