| Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
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|
October 13, 2022 |
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|
Measurement Period Adjustment |
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|
October 13, 2022 (As Adjusted) |
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|
(in thousands) |
|
|
(in thousands) |
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|
(in thousands) |
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| Purchase Consideration |
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|
|
|
|
|
|
|
|
|
|
|
| Common stock issued to TransGlobe shareholders |
|
$ |
274,145 |
|
|
$ |
— |
|
|
$ |
274,145 |
|
| |
|
October 13, 2022 |
|
|
October 13, 2022 |
|
|
October 13, 2022 |
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|
(in thousands) |
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|
(in thousands) |
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|
(in thousands) |
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| Assets acquired: |
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|
|
|
|
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|
|
|
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| Cash |
|
$ |
36,686 |
|
|
$ |
— |
|
|
$ |
36,686 |
|
| Wells, platforms and other production facilities |
|
|
243,669 |
|
|
|
— |
|
|
|
243,669 |
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| Equipment and other |
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|
2,099 |
|
|
|
— |
|
|
|
2,099 |
|
| Undeveloped acreage |
|
|
30,216 |
|
|
|
— |
|
|
|
30,216 |
|
| Accounts receivable - trade |
|
|
48,068 |
|
|
|
— |
|
|
|
48,068 |
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| Accounts receivable - other |
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|
50,275 |
|
|
|
— |
|
|
|
50,275 |
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| Accounts with joint venture owners |
|
|
68 |
|
|
|
— |
|
|
|
68 |
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| Right of use operating leases |
|
|
1,609 |
|
|
|
— |
|
|
|
1,609 |
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| Right of use financing leases |
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|
204 |
|
|
|
— |
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|
|
204 |
|
| Prepayment and other |
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|
7,627 |
|
|
|
— |
|
|
|
7,627 |
|
| Liabilities assumed: |
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|
|
|
|
|
|
|
|
|
- |
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| Asset retirement obligations |
|
|
(6,134 |
) |
|
|
— |
|
|
|
(6,134 |
) |
| Accounts payable |
|
|
(10,223 |
) |
|
|
— |
|
|
|
(10,223 |
) |
| Accrued liabilities and other |
|
|
(50,128 |
) |
|
|
— |
|
|
|
(50,128 |
) |
| Operating lease liabilities - current portion |
|
|
(961 |
) |
|
|
— |
|
|
|
(961 |
) |
| Financing lease liabilities - current portion |
|
|
(125 |
) |
|
|
— |
|
|
|
(125 |
) |
| Operating lease liabilities - net of current portion |
|
|
(688 |
) |
|
|
— |
|
|
|
(688 |
) |
| Financing lease liabilities - net of current portion |
|
|
(21 |
) |
|
|
— |
|
|
|
(21 |
) |
| Deferred tax liabilities |
|
|
(40,964 |
) |
|
|
(1,412 |
) |
|
|
(42,376 |
) |
| Other long-term liabilities |
|
|
(26,313 |
) |
|
|
— |
|
|
|
(26,313 |
) |
| Bargain purchase gain |
|
|
(10,819 |
) |
|
|
1,412 |
|
|
|
(9,407 |
) |
| Total purchase price |
|
$ |
274,145 |
|
|
$ |
— |
|
|
$ |
274,145 |
|
|
| Business Acquisition, Pro Forma Information [Table Text Block] |
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|
Three Months Ended March 31, |
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|
2022 |
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|
(in thousands) |
|
|
| Pro forma (unaudited): |
|
|
|
|
|
| Crude oil, natural gas and natural gas liquids sales |
|
$ |
121,127 |
|
(a) |
| Operating income |
|
$ |
61,427 |
|
(b) |
| Net income |
|
$ |
31,039 |
|
(c) |
| |
|
|
|
|
|
| |
|
|
|
|
|
| Basic net income per share: |
|
$ |
0.29 |
|
|
| Basic weighted average shares outstanding |
|
|
108,009 |
|
|
| |
|
|
|
|
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| Diluted net income per share: |
|
$ |
0.29 |
|
|
| Diluted weighted average shares outstanding |
|
|
108,486 |
|
|
|