Callon Petroleum Company Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2019

As of December 31, 2019 and 2018, total property and equipment, net consisted of the following:



	As of December 31,
	2019			2018
Oil and natural gas properties, full cost accounting method	(In thousands)
Evaluated properties		$7,203,482			$4,585,020
Accumulated depreciation, depletion, amortization and impairments	(2,520,488		)	(2,270,675		)
Net evaluated oil and natural gas properties	4,682,994			2,314,345
Unevaluated properties
Unevaluated leasehold and seismic costs	1,843,725			1,316,190
Capitalized interest	142,399			88,323
Total unevaluated properties	1,986,124			1,404,513
Total oil and natural gas properties, net		$6,669,118			$3,718,858

Other property and equipment		$67,202			$38,463
Accumulated depreciation	(31,949		)	(16,562		)
Other property and equipment, net		$35,253			$21,901

Unevaluated property costs not subject to amortization as of December 31, 2019 consisted of the following:



	2019		2018		2017		2016		Total
	(In thousands)
Acquisition costs		$682,413		$383,238		$577,959		$115,833		$1,759,443
Exploration costs	43,174		22,384		18,724		—		84,282
Capitalized interest	78,492		56,151		7,756		—		142,399
Total unevaluated properties		$804,079		$461,773		$604,439		$115,833		$1,986,124