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capital investments, we refer you to “ Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources – Capital Investing .” We also refer you to Item 6, “ Selected Financial Data ” in Part II of this Annual Report for information concerning natural gas, oil and NGLs produced. 

The information regarding natural gas and oil properties, wells, operations and acreage required by Item 1208 of Regulation S-K is set forth below: 

## Leasehold acreage as of December 31, 2019 

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(1) The exploration licenses for 2,518,519 net acres in New Brunswick, Canada, have been subject to a moratorium since 2015. These licenses expire in 2021, and we impaired their value to $0 in 2016. 

## Lease Expirations 

The following table summarizes the leasehold acreage expiring over the next three years, assuming successful wells are not drilled to develop the acreage and leases are not extended: 

<img src='content_image/1057559.jpg'>

(1) Of this acreage, 1,726 net acres in 2020, 2,173 net acres in 2021 and 6,907 net acres in 2022 can be extended for an average of 4.9 years. 

(2) Exploration licenses were extended through 2021 but have been subject to a moratorium since 2015. We impaired their value to $0 in 2016. 

## Producing wells as of December 31, 2019 

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