XML 46 R26.htm IDEA: XBRL DOCUMENT
v3.21.2

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2021
Accounting Policies [Abstract] |
Schedule of Accounts Receivable | Accounts receivable is summarized below:
| September 30,
| 2021 |  | 2020
| (In thousands)
Oil, natural gas and NGL sales | $ | 17,008 |  |  | $ | 6,919 |
Joint interest accounts receivable | 413 |  |  | 1,022 |
Realized derivative receivable | 42 |  |  | 2,187 |
Other accounts receivable | 10 |  |  | — |
Total accounts receivable | $ | 17,473 |  |  | $ | 10,128 |
Schedule of Other Non-current Assets | Other non-current assets consisted of the following:
| September 30,
| 2021 |  | 2020
| (In thousands)
Deferred financing costs, net | $ | 1,353 |  |  | $ | 1,867 |
Prepayments to outside operators | 707 |  |  | 284 |
Right of use assets | 309 |  |  | 700 |
Other deposits | 50 |  |  | 98 |
Total other non-current assets, net | $ | 2,419 |  |  | $ | 2,949 |
Schedule of Accrued Liabilities | Accrued liabilities consisted of the following:
| September 30,
| 2021 |  | 2020
| (In thousands)
Accrued capital expenditures | $ | 9,718 |  |  | $ | 2,964 |
Accrued lease operating expenses | 2,428 |  |  | 1,617 |
Accrued general and administrative costs | 4,375 |  |  | 2,125 |
Accrued dividends on preferred units | — |  |  | 903 |
Other accrued expenditures | 2,834 |  |  | 1,079 |
Total accrued liabilities | $ | 19,355 |  |  | $ | 8,688 |
Schedule of Asset Retirement Obligations | Components of the changes in ARO for the years ended September 30, 2021 and 2020 are shown below:
| September 30,
| 2021 |  | 2020
| (In thousands)
ARO, beginning balance | $ | 2,326 |  |  | $ | 1,203 |
Liabilities incurred | 113 |  |  | 68 |
Liabilities acquired | — |  |  | 1,161 |
Revision of estimated obligations | — |  |  | (45) |
Liability settlements and disposals | (92) |  |  | (131) |
Accretion | 87 |  |  | 70 |
ARO, ending balance | 2,434 |  |  | 2,326 |
Less: current ARO(1) | (128) |  |  | (58) |
ARO, long-term | $ | 2,306 |  |  | $ | 2,268 |
_____________________ (1)Current ARO is included within other current liabilities on the consolidated balance sheets.
Disaggregation of Revenue | The following table presents oil and natural gas sales from continuing operations disaggregated by product:
| Year Ended September 30, |  |
| 2021 |  | 2020 |  |  |  |
| (In thousands)
Oil and natural gas sales: |  |  |  |  |  |  |
Oil | $ | 136,421 |  |  | $ | 74,895 |  |  |  |  |
Natural gas(1) | 7,500 |  |  | (1,267) |  |  |  |  |
Natural gas liquids(1) | 4,715 |  |  | (495) |  |  |  |  |
Total oil and natural gas sales, net | $ | 148,636 |  |  | $ | 73,133 |  |  |  |  |
_____________________ (1)The Company's natural gas and NGL sales are presented net of gathering, processing and transportation fees which at times exceed the price received and result in negative average prices.
Schedule of ROU Asset and Lease Liability | ROU asset and lease liability balances were as follows as of September 30, 2021 and 2020:
| September 30,
| 2021 |  | 2020
| (In thousands)
ROU asset | $ | 309 |  |  | $ | 700 |
Current lease liability | $ | 314 |  |  | $ | 392 |
Long-term lease liability | $ | — |  |  | $ | 314 |

X
- Definition Lease, Right-of-use Asset and Lease Liability + References No definition available. + Details
Name: | rep_LeaseRightOfUseAssetAndLeaseLiabilityTableTextBlock
Namespace Prefix: | rep_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount of a liability for asset retirement obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
Name: | us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of noncurrent assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfOtherAssetsNoncurrentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration