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ACQUISITIONS - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - Svenska Petroleum Exploration Aktiebolag $ in Thousands | Apr. 30, 2024 USD ($)
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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
Cumulative Effect, Period of Adoption, Adjustment |
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)
Bargain purchase gain | 6,366
Total purchase price | 0
Cumulative Effect, Period of Adoption, Adjusted Balance |
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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