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Acquisitions and Divestitures | 9 Months Ended
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Sep. 30, 2024
Oil and Gas, Joint Interest Billing, Receivable [Abstract] |
Acquisitions and Divestitures | Acquisitions and Divestitures 2024 Acquisitions During the nine months ended September 30, 2024 and 2023, the Company acquired various oil and natural gas properties. The following table presents the cumulative adjusted purchase price of transactions accounted for as asset acquisitions in accordance with Accounting Standards Codifications (“ASC”) Topic 805, Business Combinations (“ASC 805”) by basin included in oil and gas properties on the Company’s condensed consolidated balance sheets:
|  | Nine Months Ended September 30,
(in thousands) |  | 2024 |  | 2023
Permian |  | 43,922 |  |  | 22,794 |
Eagle Ford |  | — |  |  | 490 |
Bakken |  | 1,981 |  |  | — |
Haynesville |  | — |  |  | 2,079 |
DJ |  | 5,325 |  |  | 17,418 |
Appalachian |  | 3,111 |  |  | — |
Total |  | $ | 54,339 |  |  | $ | 42,781 |
In addition, during the nine months ended September 30, 2024, the Company recorded closing adjustments that reduced the acquisition price of business combinations completed during 2023 by $1.5 million. 2024 Divestitures During the nine months ended September 30, 2024, the Company sold partial interests in certain proved and unproved properties in exchange for total consideration of $3.9 million. 2023 Business Combination In September 2023, the Company closed on an acquisition treated as a business combination where it received proved developed producing oil and natural gas properties with approximately 281 net acres. The properties are located in the Permian, Eagle Ford and DJ basins. Total adjusted consideration of $8.2 million was paid for these oil and natural gas properties. Asset retirement obligations acquired were $0.2 million.

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- Definition The entire disclosure for properties used in normal conduct of oil and gas exploration and producing operations. This disclosure may include property accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 932 -SubTopic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/932-360/tableOfContent + Details
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- References No definition available. + Details
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