Business Combination Purchase Price Transaction Details (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination, Separately Recognized Transactions [Line Items]

Business Combination, Separately Recognized Transactions [Table Text Block]

The following table details our final purchase price, valuation and allocation of the purchase price to the assets acquired and liabilities assumed as a result of the SRC Acquisition:

	(in thousands)
Consideration:
Cash	$	40
Retirement of seller's credit facility	166,238
Total cash consideration	166,278
Common stock issued	1,009,015
Shares withheld in lieu of taxes	6,299
Total consideration	$	1,181,592
Recognized amounts of identifiable assets acquired and liabilities assumed:
Assets acquired:
Current assets	$	145,792
Properties and equipment, net - proved	1,613,674
Properties and equipment, net - unproved	109,615
Properties and equipment, net - other	16,242
Deferred tax asset	189,311
Other assets	11,810
Total assets acquired	2,086,444
Liabilities assumed:
Current liabilities	(253,967)
Senior notes	(555,500)
Asset retirement obligations	(42,417)
Other liabilities	(52,968)
Total liabilities assumed	(904,852)
Total identifiable net assets acquired	$	1,181,592

Business Acquisition, Pro Forma Information [Table Text Block]

	Nine Months Ended September 30, 2020
Total revenue	$	1,082,003
Net income (loss)	(677,636)
Earnings (loss) per share:
Basic	$	(6.79)
Diluted	(6.79)