Quarterly report pursuant to Section 13 or 15(d)

Acquisitions??and Divestitures (Tables)

v3.23.3
Acquisitions and Divestitures (Tables)
 9 Months Ended
Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table sets forth the Company’s preliminary allocation of the total estimated consideration of $458.5 million to the assets acquired and liabilities assumed as of the acquisition date.
Preliminary Purchase
Price Allocation
(In thousands)
Assets:
Accounts receivable, net
 $30,135 
Proved properties, net
 491,367 
Unproved properties
 52,590 
Total assets acquired $574,092 
Liabilities:
Accounts payable and accrued liabilities
 $42,585 
Fair value of derivatives - current
 20,660 
Other current liabilities 11,471 
Asset retirement obligations
 2,323 
Fair value of derivatives - long-term
 27,979 
Other long-term liabilities 10,619 
Total liabilities assumed $115,637 
Total consideration $458,455 
Schedule of Unaudited Summary Pro Forma Financial Information
The pro forma consolidated statements of operations data has been included for comparative purposes only and is not necessarily indicative of the results that might have occurred had the Percussion Acquisition taken place on January 1, 2022 and is not intended to be a projection of future results.
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2023 2022* 2023 2022*
(In thousands, except per share amounts)
Revenues $619,298  $928,218  $1,879,442  $2,815,342 
Income from operations 220,928  480,459  252,809  1,490,205 
Net income 119,484  708,355  360,850  856,610 
Basic earnings per common share $1.76  $10.42  $5.65  $12.62 
Diluted earnings per common share $1.75  $10.40  $5.64  $12.56