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ACQUISITIONS - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands |  | 12 Months Ended
--- | --- | ---
Apr. 30, 2024 | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Liabilities assumed: |  |  |  |
Bargain purchase gain |  | $ 13,532 | $ (1,412) | $ 10,819
Svenska Petroleum Exploration Aktiebolag |  |  |  |
Total purchase consideration | $ 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) |  |  |
Bargain purchase gain | 19,900 | $ 6,366 | $ 1,400 |
Total purchase price | 40,166 |  |  |
Svenska Petroleum Exploration Aktiebolag | Cumulative Effect, Period of Adoption, Adjustment |  |  |  |
Total purchase consideration | 0 |  |  |
Assets acquired: |  |  |  |
Cash and cash equivalents | 466 |  |  |
Other receivables, net | 0 |  |  |
Crude oil inventory | 0 |  |  |
Prepayments and other | 0 |  |  |
Crude oil, natural gas and NGLs properties and equipment, net | 6,901 |  |  |
Restricted cash | 0 |  |  |
Other LT receivables | 0 |  |  |
Deferred tax asset | (12,095) |  |  |
Total assets acquired | (4,728) |  |  |
Liabilities assumed: |  |  |  |
Accounts payable | 0 |  |  |
State oil liability | 0 |  |  |
Accrued tax settlement | 0 |  |  |
Accrued accounts payable invoices | 0 |  |  |
Accrued liabilities and other | (301) |  |  |
Asset retirement obligations | (11,617) |  |  |
Deferred tax liability | 10,280 |  |  |
Total liabilities acquired | (1,638) |  |  |
Total purchase price | 0 |  |  |
Svenska Petroleum Exploration Aktiebolag | Cumulative Effect, Period of Adoption, Adjusted Balance |  |  |  |
Total purchase consideration | 40,166 |  |  |
Assets acquired: |  |  |  |
Cash and cash equivalents | 32,255 |  |  |
Other receivables, net | 830 |  |  |
Crude oil inventory | 14,981 |  |  |
Prepayments and other | 409 |  |  |
Crude oil, natural gas and NGLs properties and equipment, net | 107,089 |  |  |
Restricted cash | 8,788 |  |  |
Other LT receivables | 33 |  |  |
Deferred tax asset | 16,058 |  |  |
Total assets acquired | 180,443 |  |  |
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 | (19,384) |  |  |
Asset retirement obligations | (27,311) |  |  |
Deferred tax liability | (27,617) |  |  |
Total liabilities acquired | (126,745) |  |  |
Bargain purchase gain | (13,532) |  |  |
Total purchase price | $ 40,166 |  |  |

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