Juniper Transaction (Tables)

3 Months Ended

Mar. 31, 2021

Juniper Transaction [Abstract]

Reconciliation of Initial Investment and CV of NCI

The following table reconciles the initial investment by Juniper and the carrying value of their Noncontrolling interest as of the Closing Date with changes through and as of March 31, 2021:

Cash contribution	$	150,000
Issue costs paid for Noncontrolling interest securities	(3,758)
Transaction costs paid on behalf of Noncontrolling interest	(5,543)
Fair value of Rocky Creek oil and gas properties contributed	38,415
Revenues received attributable to contributed properties	1,160
Asset retirement obligations of the contributed properties	(14)
Fair value of capital contributions	180,260
Income tax adjustment attributable to the Juniper Transactions	(708)
Total shareholders’ equity prior to the Closing Date	205,558
	$	385,110
Juniper voting power through Series A Preferred Stock	59.6		%
Noncontrolling interest as of the Closing Date	$	229,620
Net loss attributable to Noncontrolling interest	(6,449)
Other comprehensive income attributable to Noncontrolling interest	1
Noncontrolling interest as of March 31, 2021	$	223,172