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The decrease in net income was caused by increased depletion, depreciation and amortization expenses which resulted from the increased sales volumes and increased general and administrative expenses which resulted from lower operators overhead income credits.
Depletion, depreciation and amortization expense is expected to average from $1.
The increase was primarily due to higher depletion, depreciation and amortization expense which increased $229,271 to $1,051,034 in the current quarter.