Acquisitions and Divestitures Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Fair Value of Acquired Assets and Liabilities

We believe these estimates are reasonable; however, the estimates are subject to change as additional information becomes available and is assessed by us (in thousands):

Adjusted Purchase Price
Total consideration given	$	54,332
Adjusted Allocation of Purchase Price
Oil and natural gas properties included in the full cost pool:
Proved oil and natural gas properties	$	43,745
Undeveloped oil and natural gas properties	8,650
Total oil and natural gas properties included in the full cost pool (1)	52,395
Gas gathering equipment and other	2,340
Asset retirement obligation	(403		)
Fair value of net assets acquired	$	54,332

(1) We used a discounted cash flow model and made market assumptions as to future commodity prices, projections of estimated quantities of oil and natural gas reserves, expectations for timing and amount of future development and operating costs, projections of future rates of production, expected recovery rates, and risk adjusted discount rates.