XML 39 R24.htm IDEA: XBRL DOCUMENT
v3.24.3

Acquisition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Preliminary Adjusted Purchase Consideration | The following table presents the preliminary adjusted purchase consideration (in thousands):
Consideration: |  |  |  |
Purchase consideration as per Sable-EM Purchase Agreement |  | $ | 625,000 |
Plus: |  |  |  |
Paid-in-kind interest from effective date to closing* |  |  | 140,018 |
Materials and supplies* |  |  | 16,637 |
Cash consideration paid |  |  | 204,154 |
Preliminary adjusted purchase consideration |  | $ | 985,809 |
* | Included in the initial principal associated with the Term Loan.
Schedule of Identified Assets Acquired and Liabilities Assumed | The following table represents the allocation of the total purchase price for the acquisition of the identifiable assets acquired and the liabilities assumed at the acquisition date (in thousands):
Total consideration |  | $ | 985,809 |
Fair value of assets acquired: |  |  |  |
Oil and gas properties |  | $ | 1,060,583 |
Materials and supplies |  |  | 16,637 |
Other assets |  |  | 4,621 |
Amount attributable to assets acquired |  | $ | 1,081,841 |
Fair value of liabilities assumed: |  |  |  |
Asset retirement obligations |  | $ | 90,073 |
Other current liabilities |  |  | 827 |
Deferred tax liability |  |  | 1,209 |
Other long term liabilities |  |  | 3,923 |
Amounts attributable to liabilities assumed |  |  | 96,032 |
Net assets acquired and liabilities assumed |  | $ | 985,809 |

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration