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BUSINESS COMBINATIONS (Tables)
 3 Months Ended
Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]  
Preliminary Allocation of Acquisition
The preliminary allocation of the total purchase price for the Q1 2024 Acquisition is set forth below (in thousands). The Company anticipates that the allocation of the purchase price should be finalized during 2024 upon determination of the final purchase price adjustments.
Consideration Allocation
Cash consideration given$155,054 
Allocation of purchase price
Current assets$4,984 
Oil and natural gas properties
Evaluated45,778
Unproved and unevaluated105,446
Asset retirement obligations(1,154)
Net assets acquired$155,054 
The final allocation of the total purchase price for the Advance Acquisition is set forth below (in thousands).
Consideration Allocation
Cash$1,676,132 
Working capital adjustments(4,060)
Fair value of Contingent Consideration at April 12, 202321,151
Total consideration given$1,693,223 
Allocation of purchase price
Current assets$79,287 
Oil and natural gas properties
Evaluated1,418,668
Unproved and unevaluated213,835
Midstream assets63,644
Current liabilities(73,885)
Asset retirement obligations(8,326)
Net assets acquired$1,693,223