XML 66 R46.htm IDEA: XBRL DOCUMENT v3.22.0.1
ACQUISITIONS AND DIVESTITURES - Purchase Price Allocation (Details) - USD ($)
$ in Thousands
Nov. 01, 2021
Apr. 01, 2021
HighPoint    
Assets Acquired    
Cash and cash equivalents   $ 49,827
Accounts receivable - oil and natural gas sales   26,343
Accounts receivable - joint interest and other   9,161
Prepaid expenses and other   3,608
Inventory of oilfield equipment   4,688
Proved properties   539,820
Other property and equipment, net of accumulated depreciation   2,769
Right-of-use assets   4,010
Deferred income tax assets   110,513
Other noncurrent assets   797
Total assets acquired   751,536
Liabilities Assumed    
Accounts payable and accrued expenses   51,088
Oil and natural gas revenue distribution payable   20,786
Lease liability   4,010
Derivative liability   18,500
Current portion of long-term debt   154,000
Ad valorem taxes   3,746
Asset retirement obligations   24,473
Total liabilities assumed   276,603
Net assets acquired   $ 474,933
Extraction    
Assets Acquired    
Cash and cash equivalents $ 106,360  
Accounts receivable - oil and natural gas sales 119,585  
Accounts receivable - joint interest and other 33,054  
Prepaid expenses and other 3,044  
Inventory of oilfield equipment 9,291  
Derivative assets 5,834  
Proved properties 1,876,014  
Unproved properties 193,400  
Other property and equipment, net of accumulated depreciation 40,068  
Right-of-use assets 6,883  
Deferred income tax assets 49,194  
Other noncurrent assets 4,248  
Total assets acquired 2,446,975  
Liabilities Assumed    
Accounts payable and accrued expenses 90,353  
Production taxes payable 63,572  
Oil and natural gas revenue distribution payable 170,002  
Income tax payable 14,000  
Lease liability 6,883  
Derivative liability 100,474  
Ad valorem taxes 87,071  
Asset retirement obligations 68,741  
Other noncurrent liabilities 1,750  
Total liabilities assumed 602,846  
Net assets acquired 1,844,129  
Crestone Peak    
Assets Acquired    
Cash and cash equivalents 67,505  
Accounts receivable - oil and natural gas sales 81,340  
Accounts receivable - joint interest and other 9,917  
Prepaid expenses and other 2,929  
Inventory of oilfield equipment 11,951  
Proved properties 1,797,814  
Unproved properties 453,321  
Other property and equipment, net of accumulated depreciation 7,980  
Right-of-use assets 7,934  
Total assets acquired 2,440,691  
Liabilities Assumed    
Accounts payable and accrued expenses 134,791  
Production taxes payable 52,435  
Oil and natural gas revenue distribution payable 83,950  
Lease liability 7,934  
Derivative liability 338,383  
Credit facility 280,000  
Ad valorem taxes 66,913  
Deferred income tax liabilities 125,086  
Asset retirement obligations 88,949  
Total liabilities assumed 1,178,441  
Net assets acquired $ 1,262,250