HES » Topics » Capitalized Costs Relating to Oil and Gas Producing Activities

These excerpts taken from the HES 10-K filed Feb 27, 2009.
Capitalized Costs Relating to Oil and Gas Producing Activities
 
                 
    At December 31  
    2008     2007  
    (Millions of dollars)  
 
Unproved properties
  $ 2,265     $ 1,688  
Proved properties
    3,009       3,350  
Wells, equipment and related facilities
    20,058       17,865  
                 
Total costs
    25,332       22,903  
Less: reserve for depreciation, depletion, amortization and lease impairment
    10,269       9,373  
                 
Net capitalized costs
  $ 15,063     $ 13,530  
                 
 
 
Capitalized Costs Relating to Oil and Gas Producing Activities
 
                 
    At December 31  
    2008     2007  
    (Millions of dollars)  
 
Unproved properties
  $ 2,265     $ 1,688  
Proved properties
    3,009       3,350  
Wells, equipment and related facilities
    20,058       17,865  
                 
Total costs
    25,332       22,903  
Less: reserve for depreciation, depletion, amortization and lease impairment
    10,269       9,373  
                 
Net capitalized costs
  $ 15,063     $ 13,530  
                 
 
 
Capitalized Costs Relating to Oil and Gas Producing Activities
 
                 
    At December 31  
    2008     2007  
    (Millions of dollars)  
 
Unproved properties
  $ 2,265     $ 1,688  
Proved properties
    3,009       3,350  
Wells, equipment and related facilities
    20,058       17,865  
                 
Total costs
    25,332       22,903  
Less: reserve for depreciation, depletion, amortization and lease impairment
    10,269       9,373  
                 
Net capitalized costs
  $ 15,063     $ 13,530  
                 
 
 
Capitalized
Costs Relating to Oil and Gas Producing Activities



 











































































































































                 

 

 

At December 31

 

 

 

2008

 

 

2007

 

 

 

(Millions of dollars)

 
 


Unproved properties


 

$

2,265

 

 

$

1,688

 


Proved properties


 

 

3,009

 

 

 

3,350

 


Wells, equipment and related facilities


 

 

20,058

 

 

 

17,865

 

 

 

 

 

 

 

 

 

 


Total costs


 

 

25,332

 

 

 

22,903

 


Less: reserve for depreciation, depletion, amortization and
lease impairment


 

 

10,269

 

 

 

9,373

 

 

 

 

 

 

 

 

 

 


Net capitalized costs


 

$

15,063

 

 

$

13,530

 

 

 

 

 

 

 

 

 

 







 




 




Capitalized
Costs Relating to Oil and Gas Producing Activities



 











































































































































                 

 

 

At December 31

 

 

 

2008

 

 

2007

 

 

 

(Millions of dollars)

 
 


Unproved properties


 

$

2,265

 

 

$

1,688

 


Proved properties


 

 

3,009

 

 

 

3,350

 


Wells, equipment and related facilities


 

 

20,058

 

 

 

17,865

 

 

 

 

 

 

 

 

 

 


Total costs


 

 

25,332

 

 

 

22,903

 


Less: reserve for depreciation, depletion, amortization and
lease impairment


 

 

10,269

 

 

 

9,373

 

 

 

 

 

 

 

 

 

 


Net capitalized costs


 

$

15,063

 

 

$

13,530

 

 

 

 

 

 

 

 

 

 







 




 




Capitalized
Costs Relating to Oil and Gas Producing Activities



 











































































































































                 

 

 

At December 31

 

 

 

2008

 

 

2007

 

 

 

(Millions of dollars)

 
 


Unproved properties


 

$

2,265

 

 

$

1,688

 


Proved properties


 

 

3,009

 

 

 

3,350

 


Wells, equipment and related facilities


 

 

20,058

 

 

 

17,865

 

 

 

 

 

 

 

 

 

 


Total costs


 

 

25,332

 

 

 

22,903

 


Less: reserve for depreciation, depletion, amortization and
lease impairment


 

 

10,269

 

 

 

9,373

 

 

 

 

 

 

 

 

 

 


Net capitalized costs


 

$

15,063

 

 

$

13,530

 

 

 

 

 

 

 

 

 

 







 




 




These excerpts taken from the HES 10-K filed Feb 27, 2008.
Capitalized Costs Relating to Oil and Gas Producing Activities
 
                 
    At December 31  
    2007     2006  
    (Millions of dollars)  
Unproved properties
  $ 1,688     $ 1,231  
Proved properties
    3,350       3,298  
Wells, equipment and related facilities
    17,865       15,670  
                 
Total costs
    22,903       20,199  
Less: Reserve for depreciation, depletion, amortization and lease impairment
    9,373       8,910  
                 
Net capitalized costs
  $ 13,530     $ 11,289  
                 
                 
 
Capitalized
Costs Relating to Oil and Gas Producing Activities



 



















































































































































                 

 

 

At December 31

 

 

 

2007

 

 

2006

 

 

 

(Millions of dollars)

 


Unproved properties


 

$

1,688

 

 

$

1,231

 


Proved properties


 

 

3,350

 

 

 

3,298

 


Wells, equipment and related facilities


 

 

17,865

 

 

 

15,670

 

 

 

 

 

 

 

 

 

 


Total costs


 

 

22,903

 

 

 

20,199

 


Less: Reserve for depreciation, depletion, amortization and
lease impairment


 

 

9,373

 

 

 

8,910

 

 

 

 

 

 

 

 

 

 


Net capitalized costs


 

$

13,530

 

 

$

11,289

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




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