Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2020

Acquisitions and Divestitures [Abstract]

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
Revenue suspense	1,448
Asset retirement obligations	356
Net assets acquired	$	96,978
Cash consideration paid to Hunt, net	$	82,955
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	$	96,978

Business Acquisition, Pro Forma Information

The following table presents unaudited summary pro forma financial information for the year ended December, 31, 2018 assuming the Hunt Acquisition occurred as of January 1, 2017. The pro forma financial information does not purport to represent what our actual results of operations would have been if the Hunt Acquisitions had occurred as of this date, or the results of operations for any future periods.

Total revenues	$	446,077
Net income	$	227,930
Net income per share - basic	$	15.14
Net income per share - diluted	$	14.91