Quarterly report pursuant to Section 13 or 15(d)

Acquisitions??and Divestitures (Tables)

v3.22.2.2
Acquisitions and Divestitures (Tables)
 9 Months Ended
Sep. 30, 2022
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 $908.9 million to the assets acquired and liabilities assumed as of the acquisition date.
Preliminary Purchase
Price Allocation
(In thousands)
Assets:
Other current assets $8,174 
Evaluated oil and natural gas properties 695,838 
Unevaluated properties 278,370 
Total assets acquired $982,382 
Liabilities:
Suspense payable $16,447 
Other current liabilities 45,745 
Asset retirement obligation 1,898 
Other long-term liabilities 9,425 
Total liabilities assumed $73,515 
Total consideration $908,867 
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 Primexx Acquisition taken place on January 1, 2020 and is not intended to be a projection of future results.
For the Year Ended
December 31, 2021
(In thousands)
Revenues $2,294,893 
Income from operations 1,151,493 
Net income 482,690 
Basic earnings per common share $8.37 
Diluted earnings per common share $8.13