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ACQUISITION - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) $ in Thousands | Apr. 30, 2024 USD ($)
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Business Acquisition [Line Items] |
Cash | $ 40,200
Svenska Petroleum Exploration Aktiebolag |
Business Acquisition [Line Items] |
Cash | 40,166
Assets acquired: |
Cash and cash equivalents | 31,789
Other receivables, net | 830
Crude oil inventory | 14,981
Prepayments and other | 409
Crude oil, natural gas and NGLs properties and equipment, net | 100,188
Restricted cash | 8,788
Other LT receivables | 33
Deferred tax asset | 28,153
Total assets acquired | 185,171
Liabilities assumed: |
Accounts payable | (2,506)
State oil liability | (19,447)
Accrued tax settlement | (8,788)
Accrued accounts payable invoices | (21,692)
Accrued liabilities and other | (19,083)
Asset retirement obligations | (15,694)
Deferred tax liability | (37,897)
Total liabilities acquired | (125,107)
Bargain purchase gain | (19,898)
Total purchase price | $ 40,166

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- Definition Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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