XML 88 R65.htm IDEA: XBRL DOCUMENT v3.26.1
Acquisitions - NRO Acquisition, Purchase Price Allocation (Details) - Nickel Road Operating Assets Acquisition [Member] - USD ($)
$ in Thousands
1 Months Ended
Oct. 01, 2024
Jan. 11, 2024
Dec. 31, 2024
Consideration:      
Cash consideration $ 49,270 [1] $ 83,000  
Deposits on oil and natural gas properties [2] 6,000    
Direct transaction costs [3] 239    
Total consideration 55,509   $ 55,500
Assets acquired:      
Oil and natural gas properties [4] 63,591    
Prepaid expenses, third-party JIB receivable, and other 104    
Assets acquired 63,695    
Liabilities assumed:      
Accounts payable and accrued expenses [5] (7,965)    
Asset retirement obligation, long–term (221)    
Liabilities assumed (8,186)    
Final settlement statement payment 300    
Amount paid for tax liabilities 6,600    
Suspended revenues $ 1,200    
[1] Includes the final settlement statement payment of $0.3 million from NRO to the Company.
[2] Represents the Deposit paid by the Company to NRO.
[3] Represents transaction costs associated with the NRO Acquisition which have been capitalized in accordance with ASC 805.
[4] Includes the asset retirement obligation asset associated with the proved oil and natural gas properties.
[5] Represents the amounts associated with the assets acquired in the NRO Acquisition unpaid at the closing date and primarily relates to ad valorem tax liabilities of $6.6 million and suspended revenues of $1.2 million.