XML 53 R40.htm IDEA: XBRL DOCUMENT v3.24.1.u1
ACQUISITIONS AND DIVESTITURES - Purchase Price Allocation (Details) - USD ($)
$ in Thousands
Jan. 02, 2024
Aug. 02, 2023
Vencer Acquisition    
Assets Acquired    
Proved properties $ 1,853,288  
Unproved properties 231,548  
Other property and equipment 666  
Right-of-use assets 4,049  
Total assets acquired 2,089,551  
Liabilities Assumed    
Crude oil and natural gas revenue distribution payable 24,143  
Asset retirement obligations 40,157  
Lease liability 4,049  
Total liabilities assumed 68,349  
Net assets acquired $ 2,021,202  
Hibernia Acquisition    
Assets Acquired    
Cash and cash equivalents   $ 30,671
Accounts receivable - crude oil and natural gas sales   89,766
Accounts receivable - joint interest and other   4,463
Proved properties   2,135,085
Unproved properties   115,802
Other property and equipment   520
Right-of-use assets   30,393
Total assets acquired   2,406,700
Liabilities Assumed    
Accounts payable and accrued expenses   97,739
Production taxes payable   10,320
Crude oil and natural gas revenue distribution payable   75,267
Asset retirement obligations   8,299
Lease liability   30,393
Total liabilities assumed   222,018
Net assets acquired   2,184,682
Tap Rock Acquisition    
Assets Acquired    
Cash and cash equivalents   6,543
Accounts receivable - crude oil and natural gas sales   106,255
Accounts receivable - joint interest and other   31,300
Prepaid expenses and other   17,930
Proved properties   2,330,485
Unproved properties   298,859
Other property and equipment   12,827
Right-of-use assets   626
Total assets acquired   2,804,825
Liabilities Assumed    
Accounts payable and accrued expenses   150,138
Production taxes payable   9,692
Crude oil and natural gas revenue distribution payable   68,094
Ad valorem taxes   1,407
Asset retirement obligations   31,518
Lease liability   626
Deferred revenue   50,266
Total liabilities assumed   311,741
Net assets acquired   $ 2,493,084