Balance sheet data for Neptune Petroleum as of 12/31/13 is as follows for Lease J:

Leasehold costs	$350,000
Less: Accumulated DD&A	($110,000)
Net leasehold costs	$240,000
Wells and related E&F—IDC	$2,000,000
Less: Accumulated DD&A—IDC	($750,000)
Net wells and related E&F—IDC	$1,250,000
Wells and related E&F—L&WE	$1,150,000
Less: Accumulated DD&A—L&WE	($140,000)
Net wells and related E&F—L&WE	$1,010,000

Neptune’s activities during 2014 related to Lease J were as follows:

Exploratory dry hole drilled	$500,000
Development dry hole drilled	$520,000
Tanks, separators, etc., installed	$210,000
Production	200,000 bbl
Proved reserves, 12/31/14	2,000,000 bbl
Proved developed reserves, 12/31/14	1,700,000 bbl

Requirement:
 Calculate the Capital Expenditures for 2014.