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Note 11 - Related Party Transactions - Construction of Beginning Balance of the Company (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Aug. 22, 2020
Aug. 21, 2020
Dec. 31, 2019
Cash and cash equivalents $ 34,869 $ 19,552 $ 86,483    
Cash and cash equivalents (34,869) (19,552) (86,483)    
Accounts Receivable, after Allowance for Credit Loss, Current, Total 39,378 7,722 3,027    
Accounts receivable (39,378) (7,722) (3,027)    
Total current assets 86,954 33,295 89,510    
Total current assets (86,954) (33,295) (89,510)    
Total crude oil and natural gas properties, net 725,615 502,636 452,039    
Other property and equipment, net 1,600 1,092 436    
Other property and equipment, net (1,600) (1,092) (436)    
Total assets 818,960 537,930 541,985    
Total assets (818,960) (537,930) (541,985)    
Current liabilities 103,000 22,435 28,358    
Current liabilities (103,000) (22,435) (28,358)    
Deferred Income Tax Liabilities, Net, Total 55,802 38,898 39,946    
Deferred income tax liability (55,802) (38,898) (39,946)    
Notes payable (receivable)     0    
Notes payable (receivable)     0    
Asset retirement obligations 4,260 2,293 2,398    
Asset retirement obligations (4,260) (2,293) (2,398)    
Partners' capital     0 $ 430,902 $ 464,716
Partners' capital     0 (430,902) $ (464,716)
Common stock 10 9 9    
Common stock (10) (9) (9)    
Additional Paid in Capital, Ending Balance 617,489 581,426 562,054    
Additional paid-in capital (617,489) (581,426) (562,054)    
Accumulated deficit (64,436) (107,209) (90,780)    
Accumulated deficit 64,436 107,209 90,780    
Total stockholders' equity/partner's capital 553,063 474,226 471,283 0  
Total stockholders' equity/partner's capital (553,063) (474,226) (471,283) 0  
Total liabilities and stockholders' equity/partners' capital 818,960 537,930 541,985    
Total liabilities and stockholders' equity/partners' capital $ (818,960) $ (537,930) $ (541,985)    
High Peak Business Combination [Member] | Issuance of HighPeak Energy Common Stock [Member]          
Cash and cash equivalents [1]       92,554  
Cash and cash equivalents [1]       (92,554)  
Accounts Receivable, after Allowance for Credit Loss, Current, Total [1]       0  
Accounts receivable [1]       0  
Total current assets [1]       92,554  
Total current assets [1]       (92,554)  
Total crude oil and natural gas properties, net [1]       0  
Other property and equipment, net [1]       0  
Other property and equipment, net [1]       0  
Total assets [1]       92,554  
Total assets [1]       (92,554)  
Current liabilities [1]       9,538  
Current liabilities [1]       (9,538)  
Deferred Income Tax Liabilities, Net, Total [1]       0  
Deferred income tax liability [1]       0  
Notes payable (receivable) [1]       0  
Notes payable (receivable) [1]       0  
Asset retirement obligations [1]       0  
Asset retirement obligations [1]       0  
Partners' capital [1]       (521,682)  
Partners' capital [1]       521,682  
Common stock [1]       9  
Common stock [1]       (9)  
Additional Paid in Capital, Ending Balance [1]       623,765  
Additional paid-in capital [1]       (623,765)  
Accumulated deficit [1]       0  
Accumulated deficit [1]       0  
Total stockholders' equity/partner's capital [1]       102,092  
Total stockholders' equity/partner's capital [1]       (102,092)  
Total liabilities and stockholders' equity/partners' capital [1]       92,554  
Total liabilities and stockholders' equity/partners' capital [1]       (92,554)  
High Peak Business Combination [Member] | Offering Costs [Member]          
Cash and cash equivalents [2]       8,114  
Cash and cash equivalents [2]       (8,114)  
Accounts Receivable, after Allowance for Credit Loss, Current, Total [2]       (0)  
Accounts receivable [2]       0  
Total current assets [2]       8,114  
Total current assets [2]       (8,114)  
Total crude oil and natural gas properties, net [2]       0  
Other property and equipment, net [2]       (0)  
Other property and equipment, net [2]       0  
Total assets [2]       8,114  
Total assets [2]       (8,114)  
Current liabilities [2]       (0)  
Current liabilities [2]       0  
Deferred Income Tax Liabilities, Net, Total [2]       (0)  
Deferred income tax liability [2]       0  
Notes payable (receivable) [2]       (0)  
Notes payable (receivable) [2]       0  
Asset retirement obligations [2]       (0)  
Asset retirement obligations [2]       0  
Partners' capital [2]       (0)  
Partners' capital [2]       0  
Common stock [2]       (0)  
Common stock [2]       0  
Additional Paid in Capital, Ending Balance [2]       8,114  
Additional paid-in capital [2]       (8,114)  
Accumulated deficit [2]       (0)  
Accumulated deficit [2]       0  
Total stockholders' equity/partner's capital [2]       8,114  
Total stockholders' equity/partner's capital [2]       (8,114)  
Total liabilities and stockholders' equity/partners' capital [2]       8,114  
Total liabilities and stockholders' equity/partners' capital [2]       (8,114)  
High Peak Business Combination [Member] | Deferred Tax Liability [Member]          
Cash and cash equivalents [3]       0  
Cash and cash equivalents [3]       0  
Accounts Receivable, after Allowance for Credit Loss, Current, Total [3]       0  
Accounts receivable [3]       0  
Total current assets [3]       0  
Total current assets [3]       0  
Total crude oil and natural gas properties, net [3]       0  
Other property and equipment, net [3]       0  
Other property and equipment, net [3]       0  
Total assets [3]       0  
Total assets [3]       0  
Current liabilities [3]       0  
Current liabilities [3]       0  
Deferred Income Tax Liabilities, Net, Total [3]       39,946  
Deferred income tax liability [3]       (39,946)  
Notes payable (receivable) [3]       0  
Notes payable (receivable) [3]       0  
Asset retirement obligations [3]       0  
Asset retirement obligations [3]       0  
Partners' capital [3]       0  
Partners' capital [3]       0  
Common stock [3]       0  
Common stock [3]       0  
Additional Paid in Capital, Ending Balance [3]       (39,946)  
Additional paid-in capital [3]       39,946  
Accumulated deficit [3]       0  
Accumulated deficit [3]       0  
Total stockholders' equity/partner's capital [3]       (39,946)  
Total stockholders' equity/partner's capital [3]       39,946  
Total liabilities and stockholders' equity/partners' capital [3]       0  
Total liabilities and stockholders' equity/partners' capital [3]       0  
HPK, LP [Member]          
Cash and cash equivalents [4]       1,943  
Cash and cash equivalents [4]       (1,943)  
Accounts Receivable, after Allowance for Credit Loss, Current, Total [4]       3,001  
Accounts receivable [4]       (3,001)  
Total current assets [4]       4,944  
Total current assets [4]       (4,944)  
Total crude oil and natural gas properties, net [4]       452,039  
Other property and equipment, net [4]       436  
Other property and equipment, net [4]       (436)  
Total assets [4]       457,419  
Total assets [4]       (457,419)  
Current liabilities [4]       35,794  
Current liabilities [4]       (35,794)  
Deferred Income Tax Liabilities, Net, Total [4]       0  
Deferred income tax liability [4]       0  
Notes payable (receivable) [4]       (11,675)  
Notes payable (receivable) [4]       11,675  
Asset retirement obligations [4]       2,398  
Asset retirement obligations [4]       (2,398)  
Partners' capital [4]       521,682  
Partners' capital [4]       (521,682)  
Common stock [4]       0  
Common stock [4]       0  
Additional Paid in Capital, Ending Balance [4]       0  
Additional paid-in capital [4]       0  
Accumulated deficit [4]       (90,780)  
Accumulated deficit [4]       90,780  
Total stockholders' equity/partner's capital [4]       430,902  
Total stockholders' equity/partner's capital [4]       (430,902)  
Total liabilities and stockholders' equity/partners' capital [4]       457,419  
Total liabilities and stockholders' equity/partners' capital [4]       (457,419)  
Pure [Member]          
Cash and cash equivalents [5]       1  
Cash and cash equivalents [5]       (1)  
Accounts Receivable, after Allowance for Credit Loss, Current, Total [5]       0  
Accounts receivable [5]       0  
Total current assets [5]       1  
Total current assets [5]       (1)  
Total crude oil and natural gas properties, net [5]       0  
Other property and equipment, net [5]       0  
Other property and equipment, net [5]       0  
Total assets [5]       1  
Total assets [5]       (1)  
Current liabilities [5]       2,025  
Current liabilities [5]       (2,025)  
Deferred Income Tax Liabilities, Net, Total [5]       0  
Deferred income tax liability [5]       0  
Notes payable (receivable) [5]       11,675  
Notes payable (receivable) [5]       (11,675)  
Asset retirement obligations [5]       0  
Asset retirement obligations [5]       0  
Partners' capital [5]       0  
Partners' capital [5]       0  
Common stock [5]       0  
Common stock [5]       0  
Additional Paid in Capital, Ending Balance [5]       (13,699)  
Additional paid-in capital [5]       13,699  
Accumulated deficit [5]       0  
Accumulated deficit [5]       0  
Total stockholders' equity/partner's capital [5]       (13,699)  
Total stockholders' equity/partner's capital [5]       13,699  
Total liabilities and stockholders' equity/partners' capital [5]       1  
Total liabilities and stockholders' equity/partners' capital [5]       (1)  
HighPeak Energy Employees, Inc [Member]          
Cash and cash equivalents [6]       99  
Cash and cash equivalents [6]       (99)  
Accounts Receivable, after Allowance for Credit Loss, Current, Total [6]       26  
Accounts receivable [6]       (26)  
Total current assets [6]       125  
Total current assets [6]       (125)  
Total crude oil and natural gas properties, net [6]       0  
Other property and equipment, net [6]       0  
Other property and equipment, net [6]       0  
Total assets [6]       125  
Total assets [6]       (125)  
Current liabilities [6]       77  
Current liabilities [6]       (77)  
Deferred Income Tax Liabilities, Net, Total [6]       0  
Deferred income tax liability [6]       0  
Notes payable (receivable) [6]       0  
Notes payable (receivable) [6]       0  
Asset retirement obligations [6]        
Asset retirement obligations [6]        
Partners' capital [6]       0  
Partners' capital [6]       0  
Common stock [6]       0  
Common stock [6]       0  
Additional Paid in Capital, Ending Balance [6]       48  
Additional paid-in capital [6]       (48)  
Accumulated deficit [6]       0  
Accumulated deficit [6]       0  
Total stockholders' equity/partner's capital [6]       48  
Total stockholders' equity/partner's capital [6]       (48)  
Total liabilities and stockholders' equity/partners' capital [6]       125  
Total liabilities and stockholders' equity/partners' capital [6]       $ (125)  
[1] Represents the issuance by the Company of 91,592,354 shares of common stock, 10,538,183 warrants and 10,209,300 Contingent Value Rights upon the closing of the HighPeak business combination. The reduction to accounts payable of $9.5 million represents those vendors of HPK LP that purchased shares under the Forward Purchase Agreement Amendment in the HighPeak business combination in lieu of being paid cash for the majority of their outstanding balances.
[2] Represents the cash costs paid for the offering of the aforementioned shares in addition to the cash costs that had previously been incurred by Pure of $13.7 million in column (b).
[3] Represents the beginning deferred tax liability of the Company given the combination of all the entities, most of which originated from HPK LP which was a partnership for U.S. federal income tax purposes and therefore did not record a deferred tax liability.
[4] Represents HPK LP’s condensed consolidated balance sheet estimated as of August 21, 2020.
[5] Represents Pure's condensed consolidated balance sheet estimated as of August 21, 2020 after taking into account: (i) the closing of its trust account, (ii) the redemption of Pure's Class A Common Stock by the former public stockholders of Pure that elected to redeem, (iii) paying out the cash consideration to those former public stockholders of Pure who elected to remain and (iv) the conversion of the remaining shares of Pure's Class A Common Stock to HighPeak Energy common stock upon the closing of the HighPeak business combination. The $13.7 million reduction to equity is considered noncash offering costs on the condensed consolidated statement of changes in stockholders’ equity.
[6] Represents the balance sheet of HighPeak Energy Employees, Inc which was acquired by the Company for $10.00 upon the closing of the HighPeak business combination.