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Property Acquisitions and Dispositions (Tables)
 12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The purchase consideration for the Business Combination was as follows:
(in thousands)
October 11, 2016
Preliminary purchase consideration:
 
Cash
$
1,186,744

Repayment of CRP long-term debt(1)
189,000

Total purchase price consideration
1,375,744

Fair value of non-controlling interest(2)
184,779

Total purchase price consideration and fair value of non-controlling interest
$
1,560,523

 
(1)
Represents the additional contribution made by Silver Run to CRP in exchange for units representing common membership interest in CRP ("CRP Common Units"), to repay CRP's outstanding indebtedness at the Closing Date.
(2)
Represents the fair value of the non-controlling interest (NCI) attributable to the Centennial Contributors. NCI is the portion of equity (net assets) in a subsidiary not attributable, directly or indirectly to Silver Run. In a business combination the NCI is recognized at its acquisition date fair value in accordance with ASC 805. The fair value of the NCI represents a 11% membership interest in CRP.
 
Predecessor
(in thousands)
June 3, 2016
Cash consideration
$
32,979

Fair value of assets and liabilities acquired:
 
Proved oil and natural gas properties
15,374

Unproved oil and natural gas properties
18,071

Total fair value of oil and natural gas properties acquired
33,445

Revenue Suspense
(400
)
Asset retirement obligation
(66
)
Total fair value of net assets acquired
$
32,979

The Company allocated the final purchase prices to the acquired assets and liabilities based on fair value as of the respective acquisition dates, as summarized in the table below.
 
Predecessor
 
Acquisition #1
 
Acquisition #2
(in thousands)
September 1, 2015
 
September 3, 2015
Cash consideration
$
16,006

 
$
6,369

Fair value of assets and liabilities acquired:
 
 
 
Proved oil and natural gas properties
7,731

 
6,491

Unproved oil and natural gas properties
8,312

 
—

Total fair value of oil and natural gas properties acquired
16,043

 
6,491

Asset retirement obligation
(37
)
 
(122
)
Total fair value of net assets acquired
$
16,006

 
$
6,369