Business Combinations and Asset Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table represents the allocation of the total cost of the Transaction to the assets acquired and liabilities assumed:

	(in thousands)
Total Cost
Cash consideration	$	37,581
Equity consideration	37,923
Fair value of contingent consideration	1,855
Total Consideration	77,359
Transaction costs	302
Total Cost of Transaction	$	77,661
Allocation of Total Cost
Assets
Oil and gas properties	$	78,431
Right of use assets	1,881
Total assets	80,312
Liabilities
Undistributed oil and gas revenues	344
Non-current lease liability	1,881
Asset retirement obligations	426
Total Liabilities	$	2,651
Net Assets Acquired	$	77,661