Cobalt International Energy, Inc.
Notes to Consolidated Financial Statements (Continued)
23. Supplemental Information on Oil and Gas Exploration and Production Activities (Unaudited)
(Continued)
Costs Incurred in Oil and Gas Activities
The following table reflects total costs incurred, both capitalized and expensed, for oil and gas
property acquisition, exploration and development activities:
U.S. Gulf
of Mexico West Africa
Total
($ in thousands)
Year ended December 31, 2014
Property acquisition
Unproved . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 27,784 $ — $ 27,784
Proved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
— — —
Exploration
Capitalized . . . . . . . . . . . . . . . . . . . . . . . . . . .
150,396 423,704 574,100
Expensed . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
31,531 54,036 85,567
Development . . . . . . . . . . . . . . . . . . . . . . . . . . . .
90,642
— 90,642
Total Costs Incurred . . . . . . . . . . . . . . . . . . . . . . $300,353 $477,740 $778,093
Year ended December 31, 2013
Property acquisition
Unproved . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 37,584 $ — $ 37,584
Proved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
— — —
Exploration
Capitalized . . . . . . . . . . . . . . . . . . . . . . . . . . .
158,806 469,879 628,685
Expensed . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
48,688 25,525 74,213
Development . . . . . . . . . . . . . . . . . . . . . . . . . . . .
54,133
— 54,133
Total Costs Incurred . . . . . . . . . . . . . . . . . . . . . . $299,211 $495,404 $794,615
Year ended December 31, 2012
Property acquisition
Unproved . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 19,961 $ — $ 19,961
Proved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
— — —
Exploration
Capitalized . . . . . . . . . . . . . . . . . . . . . . . . . . .
178,295 168,309 346,604
Expensed . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
32,874 28,709 61,583
Development . . . . . . . . . . . . . . . . . . . . . . . . . . . .
— — —
Total Costs Incurred . . . . . . . . . . . . . . . . . . . . . . $231,130 $197,018 $428,148
F-40
