Balance sheet data for Saturn Oil Company as of 12/31/15 is as follows for Lease L:

Leasehold costs	$400,000
Less: Accumulated DD&A	($130,000)
Net leasehold costs	$270,000
Wells and related E&F—IDC	$2,200,000
Less: Accumulated DD&A—IDC	($850,000)
Net wells and related E&F—IDC	$1,350,000
Wells and related E&F—L&WE	$1,250,000
Less: Accumulated DD&A—L&WE	($160,000)
Net wells and related E&F—L&WE	$1,090,000

Saturn’s activities during 2016 related to Lease L were as follows:

Exploratory dry hole drilled	$550,000
Development dry hole drilled	$580,000
Tanks, separators, etc., installed	$230,000
Production	220,000 bbl
Proved reserves, 12/31/16	2,200,000 bbl
Proved developed reserves, 12/31/16	1,900,000 bbl

Requirement:
 Calculate the Depreciation Expense for 2016.