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SUMMARY OF AMOUNTS INCURRED FOR ASSETS ACQUIRED (Details) - USD ($) $ in Thousands |  |  | 3 Months Ended
--- | --- | --- | ---
Jul. 27, 2022 | Jan. 05, 2022 | Mar. 31, 2022
Business Acquisition [Line Items] |  |  |  |
Value of 19,905,736 shares issued |  |  |  | $ 64,694
Sellers [Member] |  |  |  |
Business Acquisition [Line Items] |  |  |  |
Cash |  |  | $ 1,250 |
Value of 19,905,736 shares issued |  |  | 64,694 |
Purchase price adjustments |  |  | 487 |
Transaction costs |  |  | 1,267 |
Total consideration paid |  |  | 67,698 |
Debt assumed |  |  | 3,347 |
Commodity derivative liabilities assumed |  |  | 3,152 |
Suspense accounts assumed |  |  | 1,276 |
Employee obligations assumed |  |  | 100 |
Asset retirement obligations assumed |  |  | 9,614 |
Deferred tax liabilities |  |  | 2,819 |
Total liabilities assumed |  |  | 20,308 |
Total consideration paid and liabilities assumed |  |  | 88,006 |
Proved oil and gas properties | [1] |  | 87,672 |
Vehicles |  |  | 165 |
Deposit account |  |  | 169 |
Total allocation to acquired assets |  |  | $ 88,006 |
ETXEnergy LLC [Member] |  |  |  |
Business Acquisition [Line Items] |  |  |  |
Cash |  | $ 11,875 |  |
Purchase price adjustments |  | (1,048) |  |
Transaction costs |  | 63 |  |
Total consideration paid |  | 10,890 |  |
Suspense accounts assumed |  | 380 |  |
Asset retirement obligations assumed |  | 1,689 |  |
Total liabilities assumed |  | 2,069 |  |
Total consideration paid and liabilities assumed |  | 12,959 |  |
Proved oil and gas properties | [2] | $ 12,959 |  |
[1] | Included in the above purchase price adjustments is settlement for oil in temporary storage at the lease in tank batteries. The Company does not separately account for oil in temporary storage until the oil is sold and title transfers to the purchaser. Consistent with the Company’s accounting policy and reporting of similar transactions this amount was recorded within Evaluated Properties on the Company’s condensed consolidated balance sheet.
[2] | “Bbl” refers to one stock tank barrel, or 42 U.S. gallons liquid volume, used in this report in reference to crude oil or other liquid hydrocarbons.

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