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Acquisition of Southwest Royalties, Inc. Limited Partnerships (Details) (Southwest Royalties, Inc., Limited partnerships, USD $)
0 Months Ended 1 Months Ended
Mar. 14, 2012
partnership
Mar. 31, 2012
Boe
Southwest Royalties, Inc. | Limited partnerships
   
Acquisition    
Number of limited partnerships acquired 24  
Percentage of assets and liabilities acquired   100.00%
Aggregate merger consideration paid $ 38,600,000  
Upfront cash proceeds under VPP   44,400,000
Deferred future advances under VPP   4,700,000
Barrels of oil equivalents of future oil and gas production covered by a term overriding royalty interest conveyed to a third party under the terms of the VPP   725,000
Summary of preliminary estimated fair value of the assets acquired and liabilities assumed    
Cash and cash equivalents 4,118,000  
Oil and gas properties 41,098,000  
Other non-current assets 210,000  
Total assets acquired 45,426,000  
Asset retirement obligations (6,864,000)  
Total liabilities assumed (6,864,000)  
Net assets acquired $ 38,562,000