Velocity Energy (Velocity Energy) Accumulated Depreciation : $-4.02 Mil (As of Jun. 2009)

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What is Velocity Energy Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Velocity Energy's quarterly accumulated depreciation increased from Dec. 2008 ($-0.53 Mil) to Mar. 2009 ($-3.97 Mil) and increased from Mar. 2009 ($-3.97 Mil) to Jun. 2009 ($-4.02 Mil).

Velocity Energy's annual accumulated depreciation increased from Dec. 2006 ($0.00 Mil) to Dec. 2007 ($-0.35 Mil) and increased from Dec. 2007 ($-0.35 Mil) to Dec. 2008 ($-0.53 Mil).

Velocity Energy Accumulated Depreciation Historical Data

The historical data trend for Velocity Energy's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Velocity Energy Accumulated Depreciation Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Accumulated Depreciation

-0.35

-0.53

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Accumulated Depreciation	Get a 7-Day Free Trial										-0.47	-0.50	-0.53	-3.97	-4.02

Velocity Energy Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

Velocity Energy Accumulated Depreciation Related Terms

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Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

Velocity Energy (Velocity Energy) Headlines

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