Cedar Creek Oil & Gas Company (the “Company”) was incorporated in June 1926. The Company is a working interest owner in oil and natural gas properties in Kansas, Montana, Utah and North Dakota. The Company’s properties are a combination of oil & natural gas.
The Company uses the full cost method of accounting for oil and gas properties applied on a prospect and development field basis. Under this method of accounting, the cost of unsuccessful, as well as successful property acquisition, exploration, and development activities are capitalized.