Annual report pursuant to Section 13 and 15(d)

Acquisitions and Divestitures (Tables)

v3.22.4
Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table sets forth the Company’s final allocation of the purchase price of $908.9 million to the assets acquired and liabilities assumed as of the acquisition date.
Final 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, 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.
Years Ended December 31,
2021 2020
(In thousands)
Revenues $2,294,893  $1,228,735 
Income (loss) from operations 1,151,493  (3,072,237)
Net income (loss) 482,690  (3,151,443)
Basic earnings per common share $8.37  ($64.65)
Diluted earnings per common share $8.13  ($64.65)