Property Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the allocation of the purchase price to the assets acquired and liabilities assumed:
(in thousands)
October 11, 2016
Fair value of assets acquired:
 
Unproved properties
1,138,423

Proved properties
444,551

Other current assets
$
13,341

Other property and equipment
1,764

Derivative instruments
1,052

Goodwill
—

Total amount attributable to assets acquired
1,599,131

Fair value of liabilities assumed:
 
Accounts payable and accrued expenses
(30,156
)
Other current liabilities
(63
)
Derivative instruments
(3,400
)
Asset retirement obligation
(4,989
)
Total fair value of net assets acquired
$
1,560,523

The table below summarizes the allocation of the $867.8 million adjusted purchase price, based on the acquisition date fair value of the assets acquired and the liabilities assumed as of December 31, 2018:
(in thousands)
Silverback Acquisition
Total purchase price consideration
$
867,772

Fair value of assets acquired:
 
Unproved properties
753,763

Proved properties
116,700

Other property and equipment
56

Total amount attributable to assets acquired
870,519

Fair value of liabilities assumed:
 
Liabilities
(2,747
)
Total fair value of net assets acquired
$
867,772
Schedule of Business Acquisitions, by Acquisition
The purchase price consideration for the Business Combination was as follows:
(in thousands)
October 11, 2016
Purchase price consideration:
 
Cash
$
1,186,744

Repayment of CRP long-term debt(1)
189,000

Total purchase price consideration
1,375,744

Fair value of non-controlling interest(2)
184,779

Total purchase price consideration and fair value of non-controlling interest
$
1,560,523

 
(1) 
Represents the additional contribution made by Silver Run to CRP in exchange for CRP Common Units to repay CRP’s outstanding indebtedness at the Closing Date.
(2) 
Represents the fair value of the non-controlling interest (“NCI”) attributable to the Centennial Contributors. NCI is the portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to Silver Run. In a business combination the NCI is recognized at its acquisition date fair value. The fair value of the NCI at the Closing represented an 11% membership interest in CRP.
The assets include four operated producing horizontal wells and approximately 1,580 net acres that directly offset the Company’s existing acreage in Reeves County, Texas.
 
Predecessor
(in thousands)
June 3, 2016
Total purchase price consideration
$
32,979

Fair value of assets acquired:
 
Proved properties
15,374

Unproved properties
18,071

Total amount attributable to assets acquired
33,445

Fair value of liabilities assumed:
 
Revenue Suspense
(400
)
Asset retirement obligation
(66
)
Total fair value of net assets acquired
$
32,979