RE:RE:What ever happened to the natural gas property COS bought?In the Q4-13 report, COS wrote down the carrying value of those natural gas assets as part of depreciation:
"Depreciation and depletion expense increased to $152 million and $478 million in the 2013 fourth quarter and full year, respectively, from $119 million and $403 million in the comparative 2012 periods, reflecting:
• a $35 million write-off of the Arctic natural gas assets’ carrying value in the fourth quarter of 2013; and
• $20 million in new depreciation charges in 2013 related to the Syncrude Emissions Reduction (SER) project.
Namsoc