Acquisitions and Divestitures (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

We accounted for the Hunt Acquisition by applying the acquisition method of accounting as of March 1, 2018. The following table represents the final fair values assigned to the net assets acquired and the total acquisition cost incurred, including consideration transferred to Hunt:



Assets
Oil and gas properties - proved	$	82,443
Oil and gas properties - unproved	16,339
Liabilities
Asset retirement obligations	356
Net assets acquired	$	98,426

Cash consideration paid to Hunt	$	84,403
Application of working capital adjustments	245
Accumulated costs, net of suspended revenues, for wells in which Hunt had rights to participate	13,778
Total acquisition costs incurred	$	98,426

We accounted for the Devon Acquisition by applying the acquisition method of accounting as of September 29, 2017. The following table represents the final fair values assigned to the net assets acquired and the total consideration transferred:



Assets
Oil and gas properties - proved	$	42,866
Oil and gas properties - unproved	146,686
Other property and equipment	8,642
Liabilities
Revenue suspense	355
Asset retirement obligations	494
Net assets acquired	$	197,345

Cash consideration paid to Devon and tag-along parties, net	$	190,277
Amount transferred to Devon from the Escrow Account	9,519
Application of working capital adjustments, net	(2,451		)
Total consideration transferred	$	197,345

Business Acquisition, Pro Forma Information

The pro forma financial information does not purport to represent what our actual results of operations would have been if the Hunt and Devon Acquisitions and the entry into the Second Lien Facility had occurred as of this date, or the results of operations for any future periods.



	Three Months Ended June 30,					Six Months Ended June 30,
	2018			2017		2018		2017
Total revenues	$	111,580		$	51,978	$	194,036	$	99,699
Net income (loss)	$	(2,521	)	$	22,651	$	10,868	$	50,839
Net income (loss) per share - basic	$	(0.17	)	$	1.51	$	0.72	$	3.39
Net income (loss) per share - diluted	$	(0.17	)	$	1.51	$	0.72	$	3.37