0001437749-21-023843 | S-1/A | XBRL Viewer | Highpeak Energy INC

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Uncategorized Uncategorized Items - hpe20211018_s1a_htm.xml All Reports

Label

Element

Value

hpk_AccumulatedDeficitFromPredecessorEquityImpact

hpk_AccumulatedDeficitFromPredecessorEquityImpact

$ 90,780,000

hpk_BusinessCombinationEscrowDeposit

hpk_BusinessCombinationEscrowDeposit

61,500,000

Subscription receivable

hpk_SubscriptionReceivableCurrent

0

Subscription receivable

hpk_SubscriptionReceivableCurrent

3,596,000

Subscription receivable

hpk_SubscriptionReceivableCurrent

$ 0

hpk_StockholdersAgreementNumberOfNonvotingObserversToTheBoard

hpk_StockholdersAgreementNumberOfNonvotingObserversToTheBoard

1

Noncash capital contributions

hpk_PartnersCapitalNoncashCapitalContributions

$ 0

Noncash capital contributions

hpk_PartnersCapitalNoncashCapitalContributions

232,394,000

Noncash capital contributions

hpk_PartnersCapitalNoncashCapitalContributions

232,394,000

hpk_PaymentsOfDepositsForAcquisition

hpk_PaymentsOfDepositsForAcquisition

61,500,000

hpk_DistributionsToPartners

hpk_DistributionsToPartners

(0)

hpk_DistributionsToPartners

hpk_DistributionsToPartners

2,780,000

hpk_DistributionsToPartners

hpk_DistributionsToPartners

(0)

hpk_RegistrationRightsAgreementMinimumRegistrableSecuritiesIfNotAllRegistratable

hpk_RegistrationRightsAgreementMinimumRegistrableSecuritiesIfNotAllRegistratable

$ 25,000,000

hpk_OilAndGasExploratoryWellDrilledProductionNetNumber

hpk_OilAndGasExploratoryWellDrilledProductionNetNumber

3.0

hpk_OilAndGasExploratoryWellDrilledProductionNetNumber

hpk_OilAndGasExploratoryWellDrilledProductionNetNumber

3.0

hpk_OilAndGasExploratoryWellDrilledProductionNetNumber

hpk_OilAndGasExploratoryWellDrilledProductionNetNumber

1.8

hpk_RegistrationRightsAgreementMinimumDemandOfRegistration

hpk_RegistrationRightsAgreementMinimumDemandOfRegistration

$ 5,000,000

hpk_OilAndGasExploratoryWellDrilledProductionGrossNumber

hpk_OilAndGasExploratoryWellDrilledProductionGrossNumber

3

hpk_OilAndGasExploratoryWellDrilledProductionGrossNumber

hpk_OilAndGasExploratoryWellDrilledProductionGrossNumber

3

hpk_OilAndGasExploratoryWellDrilledProductionGrossNumber

hpk_OilAndGasExploratoryWellDrilledProductionGrossNumber

2

hpk_RegistrationRightsAgreementMaximumNumberOfSuspensionsInTwelveMonthPeriod

hpk_RegistrationRightsAgreementMaximumNumberOfSuspensionsInTwelveMonthPeriod

2

hpk_AcquisitionRelatedDepositsAndExtensionPaymentsChargedToExpense

hpk_AcquisitionRelatedDepositsAndExtensionPaymentsChargedToExpense

$ 76,500,000

hpk_ForwardPurchaseUnitsIssuedDuringThePeriod

hpk_ForwardPurchaseUnitsIssuedDuringThePeriod

8,976,875

Step up in basis from contributions

hpk_PartnersCapitalStepUpInCostBasisFromContributions

$ 0

Step up in basis from contributions

hpk_PartnersCapitalStepUpInCostBasisFromContributions

86,301,000

Step up in basis from contributions

hpk_PartnersCapitalStepUpInCostBasisFromContributions

$ 86,301,000

Forward Purchases (in shares)

hpk_ForwardPurchasesSharesOutstandingImpact

8,977,000

hpk_BusinessCombinationTerminatedChargeToExpense

hpk_BusinessCombinationTerminatedChargeToExpense

$ 76,500,000

hpk_BusinessCombinationTerminatedChargeToExpense

hpk_BusinessCombinationTerminatedChargeToExpense

76,500,000

Forward Purchases

hpk_ForwardPurchasesEquityImpact

1,000

Forward Purchases

hpk_ForwardPurchasesEquityImpact

89,768,000

Forward Purchases

hpk_ForwardPurchasesEquityImpact

0

Forward Purchases

hpk_ForwardPurchasesEquityImpact

89,769,000

hpk_BusinessCombinationEscrowDepositNotCreditedTowardPurchasePrice

hpk_BusinessCombinationEscrowDepositNotCreditedTowardPurchasePrice

15,000,000.0

hpk_BusinessCombinationEscrowDepositNotCreditedTowardPurchasePrice

hpk_BusinessCombinationEscrowDepositNotCreditedTowardPurchasePrice

15,000,000.0

Offering costs (including costs incurred at Pure prior to HighPeak business combination)

hpk_AdjustmentsToAdditionalPaidInCapitalOfferingCosts

0

Offering costs (including costs incurred at Pure prior to HighPeak business combination)

hpk_AdjustmentsToAdditionalPaidInCapitalOfferingCosts

(21,766,000)

Offering costs (including costs incurred at Pure prior to HighPeak business combination)

hpk_AdjustmentsToAdditionalPaidInCapitalOfferingCosts

0

Offering costs (including costs incurred at Pure prior to HighPeak business combination)

hpk_AdjustmentsToAdditionalPaidInCapitalOfferingCosts

(21,766,000)

Partners' capital

hpk_PartnersCapitalBeforeRetainedEarningsAccumulatedDeficit

0

Partners' capital

hpk_PartnersCapitalBeforeRetainedEarningsAccumulatedDeficit

458,970,000

Exercise of warrants

hpk_StockIssuedDuringPeriodValueExerciseOfWarrants

0

Exercise of warrants

hpk_StockIssuedDuringPeriodValueExerciseOfWarrants

5,466,000

Exercise of warrants

hpk_StockIssuedDuringPeriodValueExerciseOfWarrants

0

Exercise of warrants

hpk_StockIssuedDuringPeriodValueExerciseOfWarrants

5,466,000

Exercise of warrants

hpk_StockIssuedDuringPeriodValueExerciseOfWarrants

0

Exercise of warrants

hpk_StockIssuedDuringPeriodValueExerciseOfWarrants

3,596,000

Exercise of warrants

hpk_StockIssuedDuringPeriodValueExerciseOfWarrants

0

Exercise of warrants

hpk_StockIssuedDuringPeriodValueExerciseOfWarrants

3,596,000

hpk_PaymentsMadeInLieuOfPluggingBond

hpk_PaymentsMadeInLieuOfPluggingBond

$ 50,000

hpk_ContingentValueRightsAgreementPreferredReturnsMaximumCommonStockPerCvr

hpk_ContingentValueRightsAgreementPreferredReturnsMaximumCommonStockPerCvr

2.125

hpk_SupplyCommitmentAmountCommitted

hpk_SupplyCommitmentAmountCommitted

$ 25,400,000

hpk_AdjustmentsToAdditionalPaidInCapitalDeferredIncomeTaxLiabilityRelatedToBusinessCombination

hpk_AdjustmentsToAdditionalPaidInCapitalDeferredIncomeTaxLiabilityRelatedToBusinessCombination

(0)

hpk_AdjustmentsToAdditionalPaidInCapitalDeferredIncomeTaxLiabilityRelatedToBusinessCombination

hpk_AdjustmentsToAdditionalPaidInCapitalDeferredIncomeTaxLiabilityRelatedToBusinessCombination

39,946,000

hpk_AdjustmentsToAdditionalPaidInCapitalDeferredIncomeTaxLiabilityRelatedToBusinessCombination

hpk_AdjustmentsToAdditionalPaidInCapitalDeferredIncomeTaxLiabilityRelatedToBusinessCombination

(0)

hpk_AdjustmentsToAdditionalPaidInCapitalDeferredIncomeTaxLiabilityRelatedToBusinessCombination

hpk_AdjustmentsToAdditionalPaidInCapitalDeferredIncomeTaxLiabilityRelatedToBusinessCombination

39,946,000

Contribution of HighPeak II to Predecessors

hpk_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesContributionFromSubsidiary

0

^[1]

Contribution of HighPeak II to Predecessors

hpk_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesContributionFromSubsidiary

10,488,000

^[1]

Subscription receivable from exercise of warrants

hpk_SubscriptionReceivableFromExerciseOfWarrants

3,596,000

Subscription receivable from exercise of warrants

hpk_SubscriptionReceivableFromExerciseOfWarrants

0

Subscription receivable from exercise of warrants

hpk_SubscriptionReceivableFromExerciseOfWarrants

0

Subscription receivable from exercise of warrants

hpk_SubscriptionReceivableFromExerciseOfWarrants

3,600,000

hpk_StockholdersEquityPartnersCapital

hpk_StockholdersEquityPartnersCapital

474,226,000

hpk_StockholdersEquityPartnersCapital

hpk_StockholdersEquityPartnersCapital

464,716,000

Changes in working capital associated with oil and natural gas property additions

hpk_IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions

15,223,000

Changes in working capital associated with oil and natural gas property additions

hpk_IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions

7,652,000

Changes in working capital associated with oil and natural gas property additions

hpk_IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions

(5,666,000)

Changes in working capital associated with oil and natural gas property additions

hpk_IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions

7,348,000

Changes in working capital associated with oil and natural gas property additions

hpk_IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions

24,682,000

Changes in working capital associated with oil and natural gas property additions

hpk_IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions

19,097,000

Changes in working capital associated with oil and natural gas property additions

hpk_IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions

5,585,000

Changes in working capital associated with oil and natural gas property additions

hpk_IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions

0

Changes in working capital associated with oil and natural gas property additions

hpk_IncreaseDecreaseInWorkingCapitalAssociatedWithOilAndNaturalGasPropertyAdditions

$ 24,682,000

hpk_OilAndGasExploratoryWellDrilledCompletionGrossNumber

hpk_OilAndGasExploratoryWellDrilledCompletionGrossNumber

9

hpk_OilAndGasExploratoryWellDrilledCompletionGrossNumber

hpk_OilAndGasExploratoryWellDrilledCompletionGrossNumber

5

Exercise of warrants (in shares)

hpk_StockIssuedDuringPeriodSharesExerciseOfWarrants

554,000

Exercise of warrants (in shares)

hpk_StockIssuedDuringPeriodSharesExerciseOfWarrants

313,000

Loss on terminated acquisition

hpk_LossOnTerminatedAcquisition

$ 0

Loss on terminated acquisition

hpk_LossOnTerminatedAcquisition

76,500,000

Loss on terminated acquisition

hpk_LossOnTerminatedAcquisition

0

Loss on terminated acquisition

hpk_LossOnTerminatedAcquisition

76,500,000

Loss on terminated acquisition

hpk_LossOnTerminatedAcquisition

$ 0

hpk_OilAndGasExploratoryWellDrilledCompletionNetNumber

hpk_OilAndGasExploratoryWellDrilledCompletionNetNumber

8.9

hpk_OilAndGasExploratoryWellDrilledCompletionNetNumber

hpk_OilAndGasExploratoryWellDrilledCompletionNetNumber

5.0

hpk_DebtInstrumentCovenantMaximumTotalDebtToEbitdaxRatio

hpk_DebtInstrumentCovenantMaximumTotalDebtToEbitdaxRatio

3.00

hpk_DebtInstrumentCovenantMaximumTotalDebtToEbitdaxRatio

hpk_DebtInstrumentCovenantMaximumTotalDebtToEbitdaxRatio

3.00

hpk_OilAndGasProvedUndevelopedReservesWellDrilledGrossNumber

hpk_OilAndGasProvedUndevelopedReservesWellDrilledGrossNumber

15

hpk_OilAndGasProvedUndevelopedReservesWellDrilledGrossNumber

hpk_OilAndGasProvedUndevelopedReservesWellDrilledGrossNumber

13

hpk_BusinessCombinationAmountOfDepositReleasedFromEscrow

hpk_BusinessCombinationAmountOfDepositReleasedFromEscrow

$ 30,750,000

hpk_OilAndGasProvedUndevelopedReservessWellDrilledNetProductiveNumber

hpk_OilAndGasProvedUndevelopedReservessWellDrilledNetProductiveNumber

12.4

hpk_OilAndGasProvedUndevelopedReservessWellDrilledNetProductiveNumber

hpk_OilAndGasProvedUndevelopedReservessWellDrilledNetProductiveNumber

4.4

hpk_StockholdersAgreementMaximumNumberOfBoardNominations

hpk_StockholdersAgreementMaximumNumberOfBoardNominations

4

hpk_StockholdersAgreementMaximumNumberOfBoardNominations

hpk_StockholdersAgreementMaximumNumberOfBoardNominations

3

hpk_StockholdersAgreementMaximumNumberOfBoardNominations

hpk_StockholdersAgreementMaximumNumberOfBoardNominations

2

hpk_StockholdersAgreementMaximumNumberOfBoardNominations

hpk_StockholdersAgreementMaximumNumberOfBoardNominations

1

hpk_OilAndNaturalGasMarketingContractsTermOverWhichConsiderationIsReceivedFromPurchaser

hpk_OilAndNaturalGasMarketingContractsTermOverWhichConsiderationIsReceivedFromPurchaser

1 month

hpk_OilAndNaturalGasMarketingContractsTermOverWhichConsiderationIsReceivedFromPurchaser

hpk_OilAndNaturalGasMarketingContractsTermOverWhichConsiderationIsReceivedFromPurchaser

2 months

hpk_OilAndNaturalGasMarketingContractsTermOverWhichConsiderationIsReceivedFromPurchaser

hpk_OilAndNaturalGasMarketingContractsTermOverWhichConsiderationIsReceivedFromPurchaser

1 month

hpk_OilAndNaturalGasMarketingContractsTermOverWhichConsiderationIsReceivedFromPurchaser

hpk_OilAndNaturalGasMarketingContractsTermOverWhichConsiderationIsReceivedFromPurchaser

2 months

hpk_DebtInstrumentCovenantMinimumCurrentRatio

hpk_DebtInstrumentCovenantMinimumCurrentRatio

1.00

hpk_DebtInstrumentCovenantMinimumCurrentRatio

hpk_DebtInstrumentCovenantMinimumCurrentRatio

1.00

hpk_DebtInstrumentCovenantMinimumCashThresholdForPrepaymentToBeDue

hpk_DebtInstrumentCovenantMinimumCashThresholdForPrepaymentToBeDue

$ 20,000,000.0

hpk_DebtInstrumentCovenantMinimumCashThresholdForPrepaymentToBeDue

hpk_DebtInstrumentCovenantMinimumCashThresholdForPrepaymentToBeDue

20,000,000.0

hpk_NetCashReceiptsFromPaymentsOnDerivatives

hpk_NetCashReceiptsFromPaymentsOnDerivatives

1,038,000

hpk_NetCashReceiptsFromPaymentsOnDerivatives

hpk_NetCashReceiptsFromPaymentsOnDerivatives

(0)

hpk_NetCashReceiptsFromPaymentsOnDerivatives

hpk_NetCashReceiptsFromPaymentsOnDerivatives

1,038,000

hpk_NetCashReceiptsFromPaymentsOnDerivatives

hpk_NetCashReceiptsFromPaymentsOnDerivatives

$ (0)

hpk_StockholdersAgreementMaximumNumberOfBoardMembers

hpk_StockholdersAgreementMaximumNumberOfBoardMembers

7

Stock offering costs of accounting acquiree

hpk_StockOfferingCostsOfAccountingAcquiree

$ (13,652,000)

Stock offering costs of accounting acquiree

hpk_StockOfferingCostsOfAccountingAcquiree

0

Stock offering costs of accounting acquiree

hpk_StockOfferingCostsOfAccountingAcquiree

$ 0

hpk_NumberOfVerticalProducingPropertiesAcquired

hpk_NumberOfVerticalProducingPropertiesAcquired

3

hpk_NumberOfVerticalProducingPropertiesAcquired

hpk_NumberOfVerticalProducingPropertiesAcquired

3

hpk_NumberOfSaltWaterDisposalWellsAcquired

hpk_NumberOfSaltWaterDisposalWellsAcquired

2

hpk_NumberOfSaltWaterDisposalWellsAcquired

hpk_NumberOfSaltWaterDisposalWellsAcquired

2

hpk_PaymentsForAidInConstruction

hpk_PaymentsForAidInConstruction

$ 3,900,000

hpk_CostsIncurredOilAndGasPropertyAcquisitionAssetRetirementObligation

hpk_CostsIncurredOilAndGasPropertyAcquisitionAssetRetirementObligation

105,000

hpk_CostsIncurredOilAndGasPropertyAcquisitionAssetRetirementObligation

hpk_CostsIncurredOilAndGasPropertyAcquisitionAssetRetirementObligation

(98,000)

hpk_CostsIncurredOilAndGasPropertyAcquisitionAssetRetirementObligation

hpk_CostsIncurredOilAndGasPropertyAcquisitionAssetRetirementObligation

$ (316,000)

hpk_CapitalizedExploratoryWellCostsMaximumTerm

hpk_CapitalizedExploratoryWellCostsMaximumTerm

1 year

hpk_CapitalizedExploratoryWellCostsMaximumTerm

hpk_CapitalizedExploratoryWellCostsMaximumTerm

1 year

Step up in basis of oil and gas properties

hpk_StepUpInBasisCostOfOilAndGasProperties

$ 0

Step up in basis of oil and gas properties

hpk_StepUpInBasisCostOfOilAndGasProperties

0

Step up in basis of oil and gas properties

hpk_StepUpInBasisCostOfOilAndGasProperties

$ 86,301,000

hpk_DefinedContributionPlanPeriodOfEmploymentForEligibility

hpk_DefinedContributionPlanPeriodOfEmploymentForEligibility

3 months

hpk_DefinedContributionPlanPeriodOfEmploymentForEligibility

hpk_DefinedContributionPlanPeriodOfEmploymentForEligibility

3 months

Proceeds from subscription receivable from exercises of warrants

hpk_ProceedsFromSubscriptionReceivableFromExercisesOfWarrants

$ 3,596,000

Proceeds from subscription receivable from exercises of warrants

hpk_ProceedsFromSubscriptionReceivableFromExercisesOfWarrants

$ 0

hpk_ClassOfWarrantOrRightExercisedDuringPeriod

hpk_ClassOfWarrantOrRightExercisedDuringPeriod

312,711

hpk_ClassOfWarrantOrRightExercisedDuringPeriod

hpk_ClassOfWarrantOrRightExercisedDuringPeriod

788,009

hpk_ClassOfWarrantOrRightExercisedDuringPeriod

hpk_ClassOfWarrantOrRightExercisedDuringPeriod

475,298

hpk_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesNet

hpk_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesNet

$ 65,670,000

hpk_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesNet

hpk_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesNet

53,100,000

hpk_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesNet

hpk_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesNet

70,642,000

Noncash contributions from Limited Partners (see Note 9 for more detail)

hpk_NoncashContributionsFromLimitedPartners

0

Noncash contributions from Limited Partners (see Note 9 for more detail)

hpk_NoncashContributionsFromLimitedPartners

0

Noncash contributions from Limited Partners (see Note 9 for more detail)

hpk_NoncashContributionsFromLimitedPartners

$ 232,394,000

hpk_BusinessCombinationConversionOfStockConversionRatio

hpk_BusinessCombinationConversionOfStockConversionRatio

1

hpk_OilAndGasWellAcquired

hpk_OilAndGasWellAcquired

3

Dilutive warrants and unvested stock options (in shares)

hpk_IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsAndWarrants

0

Dilutive warrants and unvested stock options (in shares)

hpk_IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsAndWarrants

196,000

hpk_BusinessAcquisitionContingentValueRightIssuablePerShareOfCommonStock

hpk_BusinessAcquisitionContingentValueRightIssuablePerShareOfCommonStock

1

Cash acquired from non-successors in HighPeak business combination

hpk_CashAcquiredFromNonsuccessorsInBusinessCombination

$ 100,000

Cash acquired from non-successors in HighPeak business combination

hpk_CashAcquiredFromNonsuccessorsInBusinessCombination

0

Cash acquired from non-successors in HighPeak business combination

hpk_CashAcquiredFromNonsuccessorsInBusinessCombination

$ 0

hpk_BusinessAcquisitionNumberOfWarrantsPerUnit

hpk_BusinessAcquisitionNumberOfWarrantsPerUnit

1

hpk_StockholdersAgreementNumberOfIndependentBoardNominationsLessThan50Ownership

hpk_StockholdersAgreementNumberOfIndependentBoardNominationsLessThan50Ownership

1

hpk_NumberOfCommonStockSharesPerForwardPurchaseUnit

hpk_NumberOfCommonStockSharesPerForwardPurchaseUnit

1

hpk_NumberOfWarrantsPerForwardPurchaseUnit

hpk_NumberOfWarrantsPerForwardPurchaseUnit

1

hpk_SupplyCommitmentRemainingTermOfContract

hpk_SupplyCommitmentRemainingTermOfContract

8 years

hpk_NumberOfCvrPerForwardPurchaseUnit

hpk_NumberOfCvrPerForwardPurchaseUnit

1

hpk_NotesPayableReceivable

hpk_NotesPayableReceivable

$ (11,675,000)

^[2]

hpk_NotesPayableReceivable

hpk_NotesPayableReceivable

11,675,000

^[3]

hpk_NotesPayableReceivable

hpk_NotesPayableReceivable

0

^[4]

hpk_NotesPayableReceivable

hpk_NotesPayableReceivable

0

^[5]

hpk_NotesPayableReceivable

hpk_NotesPayableReceivable

(0)

^[6]

hpk_NotesPayableReceivable

hpk_NotesPayableReceivable

0

^[7]

hpk_NotesPayableReceivable

hpk_NotesPayableReceivable

$ 0

hpk_ClassOfWarrantOrRightExercisedDuringPeriodCashless

hpk_ClassOfWarrantOrRightExercisedDuringPeriodCashless

250,000

hpk_ContingentValueRightsOutstanding

hpk_ContingentValueRightsOutstanding

10,209,300

hpk_StockIssuedDuringPeriodSharesCashlessExerciseOfWarrants

hpk_StockIssuedDuringPeriodSharesCashlessExerciseOfWarrants

78,767

hpk_BusinessCombinationConversionOfStockCashIssuedTotal

hpk_BusinessCombinationConversionOfStockCashIssuedTotal

$ 767,902

[1]	The year ended December 31, 2020 in the table above reflects the change in standardized measure from that of HPK LP, our Predecessor, as of December 31, 2019 to that of the Company as of December 31, 2020 and amounts are combined for the period from January 1, 2020 to August 21, 2020 of HPK LP and from August 22, 2020 to December 31, 2020 of the Company. There was no third-party reserve report prepared as of August 21, 2020 from which to compute a standardized measure from as of that date. The year ended December 31, 2019 in the table above reflects the change in standardized measure from that of HighPeak I, HPK LP's Predecessor, as of December 31, 2018 to that of HPK LP as of December 31, 2019 and amounts are combined for the period from January 1, 2019 to September 30, 2019 of HighPeak I and from October 1, 2019 to December 31, 2019 of HPK LP. There was no third-party reserve report prepared for HighPeak I as of October 1, 2019 from which to compute a standardized measure from as of that date. We believe the table above accurately reflects the change in standardized measure for the Predecessors and Successor in a meaningful context.
[2]	Represents HPK LP’s condensed consolidated balance sheet estimated as of August 21, 2020.
[3]	Represents Pure's condensed consolidated balance sheet estimated as of August 21, 2020 after taking into account: (i) the closing of its trust account, (ii) the redemption of Pure's Class A Common Stock by the former public stockholders of Pure that elected to redeem, (iii) paying out the cash consideration to those former public stockholders of Pure who elected to remain and (iv) the conversion of the remaining shares of Pure's Class A Common Stock to HighPeak Energy common stock upon the closing of the HighPeak business combination. The $13.7 million reduction to equity is considered noncash offering costs on the condensed consolidated statement of changes in stockholders’ equity.
[4]	Represents the balance sheet of HighPeak Energy Employees, Inc which was acquired by the Company for $10.00 upon the closing of the HighPeak business combination.
[5]	Represents the issuance by the Company of 91,592,354 shares of common stock, 10,538,183 warrants and 10,209,300 Contingent Value Rights upon the closing of the HighPeak business combination. The reduction to accounts payable of $9.5 million represents those vendors of HPK LP that purchased shares under the Forward Purchase Agreement Amendment in the HighPeak business combination in lieu of being paid cash for the majority of their outstanding balances.
[6]	Represents the cash costs paid for the offering of the aforementioned shares in addition to the cash costs that had previously been incurred by Pure of $13.7 million in column (b).
[7]	Represents the beginning deferred tax liability of the Company given the combination of all the entities, most of which originated from HPK LP which was a partnership for U.S. federal income tax purposes and therefore did not record a deferred tax liability.