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Acquisitions and Dispositions
9 Months Ended
Sep. 30, 2022
Business Combinations [Abstract]  
Acquisitions and Dispositions
(2) Acquisitions and Dispositions:
In
 the first quarter of 2022, the Company sold
1,809
net leasehold acres in Reagan and Midland Counties, Texas through two separate transactions receiving gross proceeds of $
14.0
 million.
In 
the second quarter of 2022, the Company sold
241
net acres in Canadian County, Oklahoma for $
845,000
.
In
 
the third quarter of 2022, the Company sold an additional
113
net acres in Canadian County, Oklahoma for $
423,700
.
On
 
November 14, 2022, the Company completed an acreage exchange of approximately 725 net acres in the Midland Basin creating a block of
1,200
contiguous acres. The Company entered into an agreement, including this acreage, to create a
2,560
-acre
AMI for the joint development of horizontal wells. As part of the agreement, the Company sold a portion of its interest in this acreage to the joint development partner for proceeds of $
16.1
 million.