VAALCO Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

Segment Information [Abstract]

Segment Activity


		Three Months Ended March 31, 2019
(in thousands)		Gabon			Equatorial Guinea			Corporate and Other			Total
Revenues-oil and natural gas sales		$	19,765		$	—		$	—		$	19,765
Depreciation, depletion and amortization			1,479			—			74			1,553
Bad debt expense and other			(29)			—			—			(29)
Operating income (loss)			9,530			(186)			(3,798)			5,546
Derivatives instruments loss, net			—			—			(1,912)			(1,912)
Other, net			(172)			(2)			(64)			(238)
Interest income			1			—			186			187
Income tax expense			2,491			10			252			2,753
Additions to oil and natural gas properties and equipment - accrual			681			(187)			191			685


		Three Months Ended March 31, 2018
(in thousands)		Gabon			Equatorial Guinea			Corporate and Other			Total
Revenues-oil and natural gas sales		$	27,643		$	—		$	2		$	27,645
Depreciation, depletion and amortization			1,059			—			65			1,124
Bad debt expense and other			(56)			—			—			(56)
Operating income (loss)			15,697			(30)			(2,629)			13,038
Other, net			69			3			(3)			69
Interest expense, net			(354)			—			—			(354)
Income tax expense			4,042			—			—			4,042
Additions to oil and natural gas properties and equipment - accrual			428			—			(1)			427

Long-lived Assets From Continuing Operations


(in thousands)		Gabon			Equatorial Guinea			Corporate and Other			Total
Long-lived assets from continuing operations:
As of March 31, 2019		$	41,607		$	10,000		$	460		$	52,067
As of December 31, 2018		$	42,195		$	10,187		$	342			52,724


(in thousands)		Gabon			Equatorial Guinea			Corporate and Other			Total
Total assets from continuing operations:
As of March 31, 2019		$	142,224		$	10,083		$	49,193		$	201,500
As of December 31, 2018		$	103,401		$	10,320		$	49,301			163,022