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Acquisition (Tables) | 6 Months Ended
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Jun. 30, 2019
Business Combinations [Abstract] |
Preliminary Purchase Price Allocation | The following table contains the preliminary purchase price allocation at fair value:
(Thousands of dollars) | PAI |  | LLOG
Cash consideration paid | $ | 788,724 |  |  | 1,226,261 |
Fair value of net assets contributed | 154,469 |  |  | — |
Contingent consideration | 52,540 |  |  | 89,444 |
NCI in acquired assets | 248,933 |  |  | — |
Total purchase consideration | $ | 1,244,666 |  |  | 1,315,705 |
(Thousands of dollars) |  |  |
Fair value of Property, plant and equipment | $ | 1,627,429 |  |  | 1,340,206 |
Other assets | 5,628 |  |  | 12,771 |
Less: Asset retirement obligations | (388,391 | ) |  | (37,272 | )
Total net assets | $ | 1,244,666 |  |  | 1,315,705 |
Pro Forma Financial Information | The information below reflects pro forma adjustments based on available information and certain assumptions that we believe are reasonable. The pro forma results of operations do not include any cost savings or other synergies that we expect to realize from the transaction or any estimated costs that have been or will be incurred by us to integrate the PAI assets. The pro forma condensed combined financial information has been included for comparative purposes and is not necessarily indicative of the results that might have occurred had the transaction taken place on January 1, 2018; furthermore, the financial information is not intended to be a projection of future results.
(Thousands of dollars, except per share amounts) | Three Months Ended June 30, 2018 |  | Six Months Ended June 30, 2018
Revenues | $ | 874,631 |  |  | 1,453,711 |
Net Income Attributable to Murphy | 246,889 |  |  | 458,386 |
﻿ |  |  |
Net Income Attributable to Murphy per Common Share |  |  |
Basic | $ | 1.43 |  |  | 2.65 |
Diluted | 1.42 |  |  | 2.62 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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