XML 60 R30.htm IDEA: XBRL DOCUMENT v3.20.4
Summary of Significant Accounting Policies - Summary of Preliminary Purchase Price Allocation of the Assets Acquired and Liabilities Assumed Based on their Fair Values (Details) - Covey Park Acquisition - USD ($)
$ in Thousands
14 Months Ended
Jul. 16, 2019
Sep. 30, 2020
Consideration:    
Cash Paid $ 700,000  
Total Consideration 1,067,808  
Liabilities Assumed:    
Accounts Payable and Accrued Liabilities 129,622 $ 129,622
Derivative Financial Instruments 388 388
Other Current Liabilities 9,930 10,636
Measurement Period Adjustment, Other Current Liabilities   706
Long Term Debt 826,625 826,625
Covey Park Preferred Equity 153,390 153,390
Non-current Derivative Financial Instruments 186 186
Asset Retirement Obligations 5,374 5,374
Deferred Income Taxes 23,466 21,686
Measurement Period Adjustment, Deferred Income Taxes   (1,780)
Other Non-current Liabilities 9,893 9,893
Liabilities Assumed 1,158,874 1,157,800
Measurement Period Adjustment, Liabilities Assumed   (1,074)
Total Consideration and Liabilities Assumed 2,226,682 2,225,608
Measurement Period Adjustment, Total Consideration and Liabilities Assumed   (1,074)
Assets Acquired:    
Cash and Cash Equivalents 6,131 6,131
Accounts Receivable 86,285 86,285
Current Derivative Financial Instruments 51,004 51,004
Other Current Assets 5,511 4,957
Measurement Period Adjustment, Other Current Assets   (554)
Proved Oil and Natural Gas Properties 1,818,413 1,817,893
Measurement Period Adjustment, Proved Oil And natural Gas Properties   (520)
Unproved Oil and Natural Gas Properties 237,210 237,210
Other Property, Plant and Equipment 2,262 2,262
Non-current Derivative Financial Instruments 19,866 19,866
Total Assets Acquired 2,226,682 2,225,608
Measurement Period Adjustment, Total Assets Acquired   $ (1,074)
Common Stock    
Consideration:    
Fair Value of Stock Issued 167,808  
Series A Preferred Stock    
Consideration:    
Fair Value of Stock Issued $ 200,000