ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2023

ACQUISITION

Schedule of the preliminary allocation of total purchase consideration

The following table represents the Company’s preliminary allocation of total purchase consideration to the identifiable assets acquired and liabilities assumed based on the fair values on the date of acquisition (in thousands):

Oil and natural gas properties and other, net	$	45,215
Asset retirement obligations		(16,352)
Allocated purchase price	$	28,863