WRES » Topics » Depreciation, depletion and amortization.

This excerpt taken from the WRES 10-Q filed May 6, 2009.
Depreciation, depletion and amortization .Depreciation, depletion and amortization expense increased $1.4 million for the first quarter of 2009 to $5.3 million, a 36% increase compared to the corresponding quarter last year. This increase reflects an increase in the depletion rate resulting from increased production and a decrease in proved reserves compared to the same quarter in 2008. Production increased 31% during this period.

 

This excerpt taken from the WRES 10-Q filed Nov 5, 2008.
Depreciation, depletion and amortization .Depreciation, depletion and amortization expense increased $5.8 million for the first three quarters of 2008 to $13.6 million, a 75% increase compared to the corresponding period last year. This increase results from increased production and increased capitalized costs during the nine months ended September 30, 2008 compared to the corresponding period of 2007.  Production increased 46% during this period.

 

This excerpt taken from the WRES 10-Q filed Aug 6, 2008.
Depreciation, depletion and amortization. Depreciation, depletion and amortization expense increased $3.8 million for the first two quarters of 2008 to $8.4 million, an 84% increase compared to the corresponding period last year. This increase results from increased production and increased capitalized costs during the six months ended June 30, 2008 compared to the corresponding period of 2007.  Production increased 49% during this period.

 

This excerpt taken from the WRES 10-Q filed May 7, 2008.
Depreciation, depletion and amortization .Depreciation, depletion and amortization expense increased $1.9 million for the first quarter of 2008 to $3.9 million, a 95% increase compared to the corresponding quarter last year. This increase results from increased production and increased capitalized costs during the first quarter of 2008 compared to the corresponding period of 2007.  Production increased 58% during this period.

 

This excerpt taken from the WRES 10-Q filed Nov 2, 2007.
Depreciation, depletion and amortization. Depreciation, depletion and amortization expense increased $3.4 million for the first nine months of 2007 to $7.8 million, a 77% increase compared to the corresponding period last year. This increase results from increased production and increased capitalized costs during the first nine months of 2007 compared to the corresponding period of 2006. Production increased 65% during this period.

 

This excerpt taken from the WRES 10-Q filed Aug 3, 2007.
Depreciation, depletion and amortization. Depreciation, depletion and amortization expense increased $1.8 million for the first six months of 2007 to $4.6 million, a 63% increase compared to the corresponding period last year. This increase results from increased production and increased capitalized costs during the first six months of 2007 compared to the corresponding period of 2006.  Production increased 54% during this period.

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