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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The table below presents the purchase price (in thousands):
Base purchase price: | $ | 624,700 |
Add: closing net working capital (as defined in the 3 Bear Purchase Agreement) | 3,600 |
Less: closing indebtedness (as defined in the 3 Bear Purchase Agreement) | (80,618) |
Cash paid for the adjusted purchase price | 547,682 |
Cash paid to payoff 3 Bear credit agreement (as defined in the 3 Bear Purchase Agreement) | 80,618 |
Purchase price | $ | 628,300 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | Purchase Price Allocation The following table summarizes the final fair values of assets acquired and liabilities assumed in the Delaware Gathering Acquisition as of June 1, 2022 (in thousands):
Assets acquired: |  |
Cash and cash equivalents |  | $ | 2,678 |
Accounts receivables, net |  | 28,859 |
Inventories |  | 1,836 |
Other current assets |  | 986 |
Property, plant and equipment |  | 382,799 |
Operating lease right-of-use assets |  | 7,427 |
Goodwill |  | 14,848 |
Customer relationship intangible, net |  | 210,000 |
Rights-of-way |  | 13,490 |
Other non-current assets |  | 500
Total assets acquired |  | 663,423 |
Liabilities assumed: |  |
Accounts payable |  | 8,020 |
Accrued expenses and other current liabilities |  | 22,382 |
Current portion of operating lease liabilities |  | 1,029 |
Asset retirement obligations |  | 2,261 |
Operating lease liabilities, net of current portion |  | 1,431 |
Total liabilities assumed |  | 35,123 |
Fair value of net assets acquired |  | $ | 628,300 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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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 -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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