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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