CRUDE OIL AND NATURAL GAS PROPERTIES - Schedule of Fair Values of the Net Assets and Liabilities as off the Date of Acquisition (Details) - USD ($) $ in Thousands |
Jan. 31, 2024 |
Jun. 30, 2025 |
Dec. 31, 2024 |
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Fair value of net assets: | |||
Proved oil and natural gas properties | $ 10,850,664 | $ 10,307,376 | |
Delaware Acquisition | |||
Fair value of net assets: | |||
Proved oil and natural gas properties | $ 151,912 | ||
Total assets acquired | 151,912 | ||
Asset retirement obligations | (380) | ||
Net assets acquired | 151,531 | ||
Fair value of consideration paid for net assets: | |||
Cash consideration | 147,794 | ||
Non-cash consideration | 3,737 | ||
Total fair value of consideration transferred | $ 151,531 |
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- Definition Business Combination, Consideration Transferred, Noncash No definition available.
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- References No definition available.
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- Definition The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of asset acquired in business combination and recognized at acquisition date. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of asset acquired in excess of (less than) liability assumed in business combination and recognized at acquisition date. Excludes goodwill. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount, before accumulated depreciation, depletion, amortization, and valuation allowance, of capitalized cost for proved property in oil- and gas-producing activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The cash outflow to purchase of mineral interests in oil and gas properties for use in the normal oil and gas operations and not intended for resale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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