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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2026
Bayswater Acquisition [Member]  
Acquisitions [Abstract]  
Purchase Price Allocation
The following table presents the allocation of the Bayswater Purchase Price, as adjusted for the closing of the Additional Working Interest Acquisition and the final settlement with Bayswater on October 15, 2025 to the net assets acquired on March 26, 2025, the closing date of the Bayswater Acquisition:

Purchase Price Allocation:
 
(In thousands)
 
Consideration:
     
Cash consideration (1)
 
$
452,499
 
Common stock issued to the sellers (2)
   
16,000
 
Direct transaction costs (3)
   
7,094
 
Total consideration
 
$
475,593
 
         
Assets acquired:
       
Oil and natural gas properties (4)
 
$
515,619
 
Other (5)
   
19,857
 
Joint interest receivable
   
8,788
 
   
$
544,264
 
Liabilities assumed:
       
Ad valorem taxes
 
$
(29,095
)
Revenue suspense liability
   
(37,248
)
Asset retirement obligation, long–term
   
(2,328
)
   
$
(68,671
)

(1)
Includes the interim settlement payment of $16.1 million and final settlement statement payment of $13.9 million from Bayswater to the Company.
(2)
Represents approximately 3.7 million shares of Common Stock issued to Bayswater.
(3)
Represents transaction costs associated with the Bayswater 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)
Includes several salt–water disposal wells and the associated facilities, equipment, and pipelines.