Acquisitions (Tables)

9 Months Ended

Sep. 30, 2019

Summary of Preliminary Purchase Price Allocation and Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocation and the values of assets acquired and liabilities assumed (in thousands):

Purchase Price	February 28, 2019
Fair value of the Company's common stock issued	$	263,487
Fair value of BRMR share-based and other compensation		12,272
Total Fair Value of Consideration	$	275,759

Cash and cash equivalents		12,894
Accounts receivable		25,884
Assets held for sale - current		2,296
Other current assets		1,702
Unproved properties		84,742
Proved oil and gas properties		218,866
Other property and equipment		7,059
Other assets		2,461
Operating lease right-of-use asset		7,900
Assets held for sale - long-term		8,505
Total assets acquired	$	372,309
Accounts payable		(16,571	)
Accrued capital expenditures		(5,807	)
Accrued liabilities		(31,619	)
Operating lease liability - current		(1,977	)
Liabilities associated with assets held for sale - current		(7,683	)
Asset retirement obligations		(20,188	)
Operating lease liability - noncurrent		(5,923	)
Liabilities associated with assets held for sale - long-term		(6,782	)
Total liabilities assumed	$	(96,550	)

Net identifiable assets	$	275,759

Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information represents the combined results for the Company as though the BRMR Merger had been completed on January 1, 2018. The pro forma combined financial information has been included for comparative purposes and is not necessarily indicative of the results that might have actually occurred had the BRMR Merger taken place on January 1, 2018; furthermore, the financial information is not intended to be a projection of future results.

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands, except per share data) (unaudited)	2019		2018		2019		2018
Pro forma total revenues	$	163,294	$	176,925	$	502,989	$	451,761
Pro forma net income (loss)	$	8,220	$	10,127	$	26,638	$	(30,160	)
Pro forma net income (loss) per share (basic and diluted)	$	0.23	$	0.28	$	0.75	$	(0.85	)