CRUDE OIL AND NATURAL GAS PROPERTIES - Fair Values of the Net Assets and Liabilities as of the Date of Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions |
Jul. 01, 2019 |
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
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Fair value of net assets: | ||||
Proved oil and natural gas properties | $ 4,393,533 | $ 4,178,605 | ||
Asset retirement obligations | $ (19,181) | $ (17,299) | $ (12,501) | |
VEN Bakken LLC | ||||
Fair value of net assets: | ||||
Proved oil and natural gas properties | $ 324,974 | |||
Asset retirement cost | 2,680 | |||
Total assets acquired | 327,654 | |||
Asset retirement obligations | (2,680) | |||
Derivative instruments | (9,694) | |||
Net assets acquired | 315,280 | |||
Fair value of consideration paid for net assets: | ||||
Cash consideration | 174,912 | |||
Issuance of common stock | 11,708 | |||
Unsecured VEN Bakken Note | 128,660 | |||
Total fair value of consideration transferred | $ 315,280 | |||
Asset acquisition, shares issued (in shares) | 5.6 | |||
Closing price of common stock at date of acquisition (in dollars per share) | $ 2.09 |
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- Definition Asset Acquisition, Consideration Transferred No definition available.
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- Definition Asset Acquisition, Consideration Transferred No definition available.
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- Definition Asset Acquisition, Consideration Transferred, Equity Interests Issued and Issuable No definition available.
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- Definition Asset Acquisition, Consideration Transferred, Liabilities Incurred No definition available.
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- Definition Asset Acquisition, Equity Interest Issued or Issuable, Number of Shares1 No definition available.
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- Definition Asset Acquisition, Gross Assets Acquired No definition available.
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- Definition Asset Acquisition, Net Assets Acquired No definition available.
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- Definition Asset Acquisition, Recognized Identifiable Assets Acquired No definition available.
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- Definition Asset Acquisition, Share Price No definition available.
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- Definition Asset Acquistion, Derivative Liabilities 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://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of asset retirement costs previously incurred and capitalized separately from the capitalized amount of the associated long-lived assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Capitalized costs of proved properties incurred for any combination mineral interests acquisitions; wells and related equipment; support equipment and facilities; and uncompleted wells and equipment and other costs not previously disclosed within this table. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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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