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Acquisition of New Horizon Resources (Tables)

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Schedule of Business Acquisitions

		Amount
		(in thousands)
Fair value of net assets:
Proved oil and natural gas properties		$	564
Other current assets			14
Other long-term assets			58
Total assets acquired			636
Asset retirement obligations			(163	)
Current payables			(50	)
Credit facility			(61	)
Net assets acquired		$	362
Fair value of consideration paid for net assets:
Cash consideration		$	150
Issuance of common stock (59,498 shares at $4.04 per share)			240
Cash acquired			(28	)
Total fair value of consideration transferred		$	362

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- References

No definition available.

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
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