v3.25.2
Acquisition (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Preliminary Adjusted Purchase Consideration
The following table presents the adjusted purchase consideration (in thousands):

Consideration:
Purchase consideration as per Sable-EM Purchase Agreement$625,000 
Plus:
Paid-in-kind interest from effective date to closing*140,018 
Materials and supplies*16,637 
Cash consideration paid203,945 
Adjusted purchase consideration$985,600 
*Included in the initial principal associated with the Senior Secured Term Loan.
Schedule of Identified Assets Acquired and Liabilities Assumed
The following table represents the allocation of the total purchase price for the acquisition of the identifiable assets acquired and the liabilities assumed at the acquisition date (in thousands):

Total consideration$985,600 
Fair value of assets acquired:
Oil and gas properties$1,060,374 
Materials and supplies16,637 
Other assets4,621 
Amount attributable to assets acquired$1,081,632 
Fair value of liabilities assumed:
Asset retirement obligations$90,073 
Other current liabilities827 
Deferred tax liability1,209 
Other long term liabilities3,923 
Amounts attributable to liabilities assumed96,032 
Net assets acquired and liabilities assumed$985,600