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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

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

FieldPoint Properties [Member]

Summary of Amounts Incurred For The Assets Acquired

Following is a summary of the amounts recorded for the assets acquired:

		Amount
		(in thousands)
Amounts incurred:
Cash consideration		$	500
Transaction costs			97
Purchase price adjustments			(31	)
Total consideration paid			566
Asset retirement obligations assumed			203
Total amount incurred		$	769

Liberty County Properties [Member]

Summary of Amounts Incurred For The Assets Acquired

Following is a summary of the amounts recorded for the assets acquired:

		Amount
		(in thousands)
Amounts incurred:
Value of 67,254 shares issued		$	285
Transaction costs			41
Total consideration paid			326
Asset retirement obligations assumed			192
Total amount incurred		$	518

X

- 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.

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

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