The Company's property and equipment as of December 31, 2016 and 2015 was as follows (in thousands):
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Successor |
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Predecessor |
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December 31, 2016 |
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December 31, 2015 |
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Oil and gas properties, on the basis of full-cost accounting: |
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Proved properties |
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$ |
573,150 |
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$ |
3,666,403 |
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Unproved properties not being amortized |
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65,080 |
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— |
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Other property and equipment |
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6,339 |
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14,798 |
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Less accumulated depreciation, depletion, amortization and impairment |
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(12,974 |
) |
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(3,157,332 |
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Net property and equipment |
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$ |
631,595 |
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$ |
523,869 |
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