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Condensed Consolidating Financial Information (Tables)
 9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet
 September 30, 2019
 Parent/
Issuer		Combined
Guarantor
Subsidiaries		Combined
Non-Guarantor
Subsidiaries		Intercompany
Eliminations		Consolidated
(In thousands, except share data)
ASSETS
Current assets
Cash and cash equivalents$145  $14,608  $4,672  $—  $19,425  
Accounts receivable, net—  373,824  7,793  —  381,617  
Accounts receivable - affiliates549,167  72,492  77,393  (699,052) —  
Inventory—  35,085  1,673  —  36,758  
Prepaid expenses90  4,248  964  —  5,302  
Derivative instruments—  52,180  —  —  52,180  
Other current assets—  195  137  —  332  
Total current assets549,402  552,632  92,632  (699,052) 495,614  
Property, plant and equipment
Oil and gas properties (successful efforts method)—  9,393,370  —  (18,864) 9,374,506  
Other property and equipment—  249,572  1,089,696  —  1,339,268  
Less: accumulated depreciation, depletion, amortization and impairment—  (3,535,035) (89,129) —  (3,624,164) 
Total property, plant and equipment, net—  6,107,907  1,000,567  (18,864) 7,089,610  
Assets held for sale, net—  6,700  —  —  6,700  
Investments in and advances to subsidiaries4,941,278  372,784  —  (5,314,062) —  
Derivative instruments—  9,729  —  —  9,729  
Deferred income taxes243,100  —  —  (243,100) —  
Long-term inventory—  14,395  —  —  14,395  
Operating right-of-use assets—  15,310  5,945  —  21,255  
Other assets—  26,291  3,383  —  29,674  
Total assets$5,733,780  $7,105,748  $1,102,527  $(6,275,078) $7,666,977  
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable$—  $16,319  $1,684  $—  $18,003  
Accounts payable - affiliates45,723  626,561  26,769  (699,053) —  
Revenues and production taxes payable—  212,602  1,171  —  213,773  
Accrued liabilities115  277,797  47,533  —  325,445  
Accrued interest payable20,758  298  273  —  21,329  
Derivative instruments—  830  —  —  830  
Advances from joint interest partners—  3,649  —  —  3,649  
Current operating lease liabilities—  5,077  2,973  —  8,050  
Other current liabilities—  2,773  9  —  2,782  
Total current liabilities66,596  1,145,906  80,412  (699,053) 593,861  
Long-term debt1,961,859  406,000  431,000  —  2,798,859  
Deferred income taxes—  534,315  —  (243,100) 291,215  
Asset retirement obligations—  53,906  1,596  —  55,502  
Liabilities held for sale—  6,700  —  —  6,700  
Operating lease liabilities—  16,116  2,979  —  19,095  
Other liabilities—  1,527  557  —  2,084  
Total liabilities2,028,455  2,164,470  516,544  (942,153) 3,767,316  
Stockholders’ equity
Oasis share of stockholders’ equity3,705,325  4,941,278  272,202  (5,213,479) 3,705,326  
Non-controlling interests—  —  313,781  (119,446) 194,335  
Total stockholders’ equity3,705,325  4,941,278  585,983  (5,332,925) 3,899,661  
Total liabilities and stockholders’ equity$5,733,780  $7,105,748  $1,102,527  $(6,275,078) $7,666,977  
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet
 December 31, 2018
 Parent/
Issuer		Combined
Guarantor
Subsidiaries		Combined
Non-Guarantor
Subsidiaries		Intercompany
Eliminations		Consolidated
(In thousands, except share data)
ASSETS
Current assets
Cash and cash equivalents$179  $15,362  $6,649  $—  $22,190  
Accounts receivable, net—  385,121  2,481  —  387,602  
Accounts receivable - affiliates643,382  76,127  80,805  (800,314) —  
Inventory—  33,106  22  —  33,128  
Prepaid expenses373  9,206  1,418  —  10,997  
Derivative instruments—  99,930  —  —  99,930  
Intangible assets, net—  125  —  —  125  
Other current assets—  183  —  —  183  
Total current assets643,934  619,160  91,375  (800,314) 554,155  
Property, plant and equipment
Oil and gas properties (successful efforts method)—  8,923,291  —  (11,102) 8,912,189  
Other property and equipment—  218,617  933,155  —  1,151,772  
Less: accumulated depreciation, depletion, amortization and impairment—  (2,974,122) (62,730) —  (3,036,852) 
Total property, plant and equipment, net—  6,167,786  870,425  (11,102) 7,027,109  
Investments in and advances to subsidiaries4,900,528  356,039  —  (5,256,567) —  
Derivative instruments—  6,945  —  —  6,945  
Deferred income taxes219,670  —  —  (219,670) —  
Long-term inventory—  12,260  —  —  12,260  
Other assets—  23,221  2,452  —  25,673  
Total assets$5,764,132  $7,185,411  $964,252  $(6,287,653) $7,626,142  
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable$—  $18,567  $1,599  $—  $20,166  
Accounts payable - affiliates43,113  724,187  33,014  (800,314) —  
Revenues and production taxes payable—  216,114  581  —  216,695  
Accrued liabilities71  273,923  57,657  —  331,651  
Accrued interest payable37,096  502  442  —  38,040  
Derivative instruments—  84  —  —  84  
Advances from joint interest partners—  5,140  —  —  5,140  
Total current liabilities80,280  1,238,517  93,293  (800,314) 611,776  
Long-term debt1,949,276  468,000  318,000  —  2,735,276  
Deferred income taxes—  519,725  —  (219,670) 300,055  
Asset retirement obligations—  50,870  1,514  —  52,384  
Derivative instruments—  20  —  —  20  
Other liabilities—  7,751  —  —  7,751  
Total liabilities2,029,556  2,284,883  412,807  (1,019,984) 3,707,262  
Stockholders’ equity
Oasis share of stockholders’ equity3,734,576  4,900,528  238,630  (5,139,158) 3,734,576  
Non-controlling interests—  —  312,815  (128,511) 184,304  
Total stockholders’ equity3,734,576  4,900,528  551,445  (5,267,669) 3,918,880  
Total liabilities and stockholders’ equity$5,764,132  $7,185,411  $964,252  $(6,287,653) $7,626,142  
Condensed Consolidating Statement of Operations
Condensed Consolidating Statement of Operations
 Three Months Ended September 30, 2019
 Parent/
Issuer		Combined
Guarantor
Subsidiaries		Combined
Non-Guarantor
Subsidiaries		Intercompany
Eliminations		Consolidated
(In thousands)
Revenues
Oil and gas revenues$—  $344,102  $—  $368  $344,470  
Purchased oil and gas sales—  79,352  —  —  79,352  
Midstream revenues—  2,190  100,693  (52,860) 50,023  
Well services revenues—  8,898  —  —  8,898  
Total revenues—  434,542  100,693  (52,492) 482,743  
Operating expenses
Lease operating expenses—  67,367  —  (17,054) 50,313  
Midstream expenses—  4  24,317  (11,354) 12,967  
Well services expenses—  6,151  —  —  6,151  
Marketing, transportation and gathering expenses—  44,409  —  (11,750) 32,659  
Purchased oil and gas expenses—  78,655  —  —  78,655  
Production taxes—  28,461  —  —  28,461  
Depreciation, depletion and amortization—  206,989  8,983  (5,140) 210,832  
Exploration expenses—  652  —  —  652  
General and administrative expenses569  48,944  7,579  (4,232) 52,860  
Total operating expenses569  481,632  40,879  (49,530) 473,550  
Loss on sale of properties—  (752) —  —  (752) 
Operating income (loss)(569) (47,842) 59,814  (2,962) 8,441  
Other income (expense)
Equity in earnings of subsidiaries54,755  42,317  —  (97,072) —  
Net gain on derivative instruments—  47,922  —  —  47,922  
Interest expense, net of capitalized interest(33,133) (6,252) (4,512) —  (43,897) 
Other income1  472  —  —  473  
Total other income (expense), net21,623  84,459  (4,512) (97,072) 4,498  
Income before income taxes21,054  36,617  55,302  (100,034) 12,939  
Income tax benefit (expense)(766) 18,138  —  —  17,372  
Net income including non-controlling interests20,288  54,755  55,302  (100,034) 30,311  
Less: Net income attributable to non-controlling interests—  —  23,866  (13,843) 10,023  
Net income attributable to Oasis$20,288  $54,755  $31,436  $(86,191) $20,288  
Condensed Consolidating Statement of Operations
Condensed Consolidating Statement of Operations
 Three Months Ended September 30, 2018
 Parent/
Issuer		Combined
Guarantor
Subsidiaries		Combined
Non-Guarantor
Subsidiaries		Intercompany
Eliminations		Consolidated
(In thousands)
Revenues
Oil and gas revenues$—  $454,195  $—  $—  $454,195  
Purchased oil and gas sales—  172,985  —  —  172,985  
Midstream revenues—  765  71,467  (41,045) 31,187  
Well services revenues—  16,262  —  —  16,262  
Total revenues—  644,207  71,467  (41,045) 674,629  
Operating expenses
Lease operating expenses—  63,099  —  (14,565) 48,534  
Midstream expenses—  528  19,816  (11,692) 8,652  
Well services expenses—  11,405  —  —  11,405  
Marketing, transportation and gathering expenses—  36,839  —  (6,126) 30,713  
Purchased oil and gas expenses—  174,329  —  (60) 174,269  
Production taxes—  38,722  —  —  38,722  
Depreciation, depletion and amortization—  159,843  7,189  (4,048) 162,984  
Exploration expenses—  22,315  —  —  22,315  
General and administrative expenses7,486  24,627  5,449  (2,703) 34,859  
Total operating expenses7,486  531,707  32,454  (39,194) 532,453  
Gain on sale of properties—  36,869  —  —  36,869  
Operating income (loss)(7,486) 149,369  39,013  (1,851) 179,045  
Other income (expense)
Equity in earnings of subsidiaries96,555  33,102  —  (129,657) —  
Net loss on derivative instruments—  (48,544) —  —  (48,544) 
Interest expense, net of capitalized interest(32,836) (6,561) (163) —  (39,560) 
Loss on extinguishment of debt (47) —  —  —  (47) 
Other income (expense)—  126  (15) —  111  
Total other income (expense), net63,672  (21,877) (178) (129,657) (88,040) 
Income before income taxes56,186  127,492  38,835  (131,508) 91,005  
Income tax benefit (expense)6,155  (30,937) —  —  (24,782) 
Net income including non-controlling interests62,341  96,555  38,835  (131,508) 66,223  
Less: Net income attributable to non-controlling interests—  —  26,459  (22,577) 3,882  
Net income attributable to Oasis$62,341  $96,555  $12,376  $(108,931) $62,341  
Condensed Consolidating Statement of Operations
Condensed Consolidating Statement of Operations
 Nine Months Ended September 30, 2019
 Parent/
Issuer		Combined
Guarantor
Subsidiaries		Combined
Non-Guarantor
Subsidiaries		Intercompany
Eliminations		Consolidated
(In thousands)
Revenues
Oil and gas revenues$—  $1,069,888  $—  $368  $1,070,256  
Purchased oil and gas sales—  337,212  —  —  337,212  
Midstream revenues—  6,342  289,988  (146,713) 149,617  
Well services revenues—  30,795  —  —  30,795  
Total revenues—  1,444,237  289,988  (146,345) 1,587,880  
Operating expenses
Lease operating expenses—  208,514  —  (43,529) 164,985  
Midstream expenses—  2,527  79,257  (34,720) 47,064  
Well services expenses—  21,595  —  —  21,595  
Marketing, transportation and gathering expenses—  128,220  —  (32,123) 96,097  
Purchased oil and gas expenses—  338,221  —  —  338,221  
Production taxes—  86,221  —  —  86,221  
Depreciation, depletion and amortization—  566,812  26,474  (15,263) 578,023  
Exploration expenses—  2,369  —  —  2,369  
Impairment—  653  —  —  653  
General and administrative expenses15,964  91,121  24,108  (12,948) 118,245  
Total operating expenses15,964  1,446,253  129,839  (138,583) 1,453,473  
Loss on sale of properties—  (3,950) —  —  (3,950) 
Operating income (loss)(15,964) (5,966) 160,149  (7,762) 130,457  
Other income (expense)
Equity in earnings of subsidiaries39,118  114,570  —  (153,688) —  
Net loss on derivative instruments—  (34,940) —  —  (34,940) 
Interest expense, net of capitalized interest(98,424) (20,658) (12,469) —  (131,551) 
Other income (expense)2  708  (4) —  706  
Total other income (expense), net(59,304) 59,680  (12,473) (153,688) (165,785) 
Income (loss) before income taxes(75,268) 53,714  147,676  (161,450) (35,328) 
Income tax benefit (expense)23,431  (14,596) —  —  8,835  
Net income (loss) including non-controlling interests(51,837) 39,118  147,676  (161,450) (26,493) 
Less: Net income attributable to non-controlling interests—  —  68,499  (43,155) 25,344  
Net income (loss) attributable to Oasis$(51,837) $39,118  $79,177  $(118,295) $(51,837) 
Condensed Consolidating Statement of Operations
Condensed Consolidating Statement of Operations
 Nine Months Ended September 30, 2018
 Parent/
Issuer		Combined
Guarantor
Subsidiaries		Combined
Non-Guarantor
Subsidiaries		Intercompany
Eliminations		Consolidated
(In thousands)
Revenues
Oil and gas revenues$—  $1,218,639  $—  $—  $1,218,639  
Purchased oil and gas sales—  368,758  —  —  368,758  
Midstream revenues—  2,832  199,446  (113,827) 88,451  
Well services revenues—  46,344  —  —  46,344  
Total revenues—  1,636,573  199,446  (113,827) 1,722,192  
Operating expenses
Lease operating expenses—  176,413  —  (38,957) 137,456  
Midstream expenses—  2,054  53,266  (30,995) 24,325  
Well services expenses—  32,352  —  —  32,352  
Marketing, transportation and gathering expenses—  92,164  —  (17,605) 74,559  
Purchased oil and gas expenses—  374,502  —  (60) 374,442  
Production taxes—  103,748  —  —  103,748  
Depreciation, depletion and amortization—  456,624  20,212  (11,017) 465,819  
Exploration expenses—  23,701  —  —  23,701  
Impairment—  384,228  —  —  384,228  
General and administrative expenses22,214  60,259  17,496  (8,940) 91,029  
Total operating expenses22,214  1,706,045  90,974  (107,574) 1,711,659  
Gain on sale of properties—  38,823  —  —  38,823  
Operating income (loss)(22,214) (30,649) 108,472  (6,253) 49,356  
Other income (expense)
Equity in earnings (loss) of subsidiaries(149,295) 90,689  —  58,606  —  
Net loss on derivative instruments—  (239,945) —  —  (239,945) 
Interest expense, net of capitalized interest(98,417) (18,591) (608) —  (117,616) 
Loss on extinguishment of debt (13,698) —  —  —  (13,698) 
Other income (expense)—  161  (15) —  146  
Total other expense, net(261,410) (167,686) (623) 58,606  (371,113) 
Income (loss) before income taxes(283,624) (198,335) 107,849  52,353  (321,757) 
Income tax benefit26,351  49,040  —  —  75,391  
Net income (loss) including non-controlling interests(257,273) (149,295) 107,849  52,353  (246,366) 
Less: Net income attributable to non-controlling interests—  —  73,075  (62,168) 10,907  
Net income (loss) attributable to Oasis$(257,273) $(149,295) $34,774  $114,521  $(257,273) 
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 2019
 Parent/
Issuer		Combined
Guarantor
Subsidiaries		Combined
Non-Guarantor
Subsidiaries		Intercompany
Eliminations		Consolidated
(In thousands)
Cash flows from operating activities:
Net income (loss) including non-controlling interests$(51,837) $39,118  $147,676  $(161,450) $(26,493) 
Adjustments to reconcile net income (loss) including non-controlling interests to net cash provided by (used in) operating activities:
Equity in earnings of subsidiaries(39,118) (114,570) —  153,688  —  
Depreciation, depletion and amortization —  566,812  26,474  (15,263) 578,023  
Loss on sale of properties—  3,950  —  —  3,950  
Impairment—  653  —  —  653  
Deferred income taxes (23,431) 14,591  —  —  (8,840) 
Derivative instruments —  34,940  —  —  34,940  
Equity-based compensation expenses 13,933  12,134  303  —  26,370  
Deferred financing costs amortization and other 12,582  4,948  660  —  18,190  
Working capital and other changes:
Change in accounts receivable, net94,214  9,858  (1,255) (101,262) 1,555  
Change in inventory—  (3,676) —  —  (3,676) 
Change in prepaid expenses283  3,416  454  —  4,153  
Change in accounts payable, interest payable and accrued liabilities(13,684) (63,125) (2,173) 101,262  22,280  
Change in other assets and liabilities, net—  (9,258) (1,953) —  (11,211) 
Net cash provided by (used in) operating activities(7,058) 499,791  170,186  (23,025) 639,894  
Cash flows from investing activities:
Capital expenditures —  (543,420) (170,850) —  (714,270) 
Acquisitions—  (8,337) —  —  (8,337) 
Proceeds from sale of properties—  41,039  —  —  41,039  
Derivative settlements —  10,752  —  —  10,752  
Net cash used in investing activities—  (499,966) (170,850) —  (670,816) 
Cash flows from financing activities:
Proceeds from Revolving Credit Facilities—  1,533,000  118,000  —  1,651,000  
Principal payments on Revolving Credit Facilities—  (1,595,000) (5,000) —  (1,600,000) 
Deferred financing costs—  (41) (811) —  (852) 
Purchases of treasury stock(4,625) —  —  —  (4,625) 
Distributions to non-controlling interests—  —  (69,667) 54,116  (15,551) 
Investment in subsidiaries / capital contributions from parent11,649  62,824  (43,382) (31,091) —  
Payments on finance lease liabilities—  (1,364) (59) —  (1,423) 
Other—  2  (394) —  (392) 
Net cash provided by (used in) financing activities7,024  (579) (1,313) 23,025  28,157  
Decrease in cash and cash equivalents(34) (754) (1,977) —  (2,765) 
Cash and cash equivalents at beginning of period 179  15,362  6,649  —  22,190  
Cash and cash equivalents at end of period $145  $14,608  $4,672  $—  $19,425  
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 2018
 Parent/
Issuer		Combined
Guarantor
Subsidiaries		Combined
Non-Guarantor
Subsidiaries		Intercompany
Eliminations		Consolidated
(In thousands)
Cash flows from operating activities:
Net income (loss) including non-controlling interests$(257,273) $(149,295) $107,849  $52,353  $(246,366) 
Adjustments to reconcile net income (loss) including non-controlling interests to net cash provided by (used in) operating activities:
Equity in earnings (loss) of subsidiaries149,295  (90,689) —  (58,606) —  
Depreciation, depletion and amortization —  456,624  20,212  (11,017) 465,819  
Loss on extinguishment of debt 13,698  —  —  —  13,698  
Gain on sale of properties—  (38,823) —  —  (38,823) 
Impairment—  384,228  —  —  384,228  
Deferred income taxes (26,351) (49,067) —  —  (75,418) 
Derivative instruments —  239,945  —  —  239,945  
Equity-based compensation expenses 20,292  1,014  280  —  21,586  
Deferred financing costs amortization and other 11,955  7,884  235  —  20,074  
Working capital and other changes:
Change in accounts receivable, net(227,589) (77,231) 8,747  234,798  (61,275) 
Change in inventory—  (12,076) —  —  (12,076) 
Change in prepaid expenses(350) 864  682  —  1,196  
Change in accounts payable, interest payable and accrued liabilities (12,270) 278,481  18,895  (234,798) 50,308  
Change in other assets and liabilities, net—  (895) —  —  (895) 
Net cash provided by (used in) operating activities(328,593) 950,964  156,900  (17,270) 762,001  
Cash flows from investing activities:
Capital expenditures —  (621,269) (219,819) —  (841,088) 
Acquisitions—  (579,886) —  —  (579,886) 
Proceeds from sale of properties—  333,029  —  —  333,029  
Costs related to sale of properties—  (2,707) —  —  (2,707) 
Derivative settlements —  (162,013) —  —  (162,013) 
Other—  (1,038) —  —  (1,038) 
Net cash used in investing activities—  (1,033,884) (219,819) —  (1,253,703) 
Cash flows from financing activities:
Proceeds from Revolving Credit Facilities—  2,376,000  123,000  —  2,499,000  
Principal payments on Revolving Credit Facilities—  (1,924,000) (35,000) —  (1,959,000) 
Repurchase of senior unsecured notes(423,190) —  —  —  (423,190) 
Proceeds from issuance of senior unsecured convertible notes400,000  —  —  —  400,000  
Deferred financing costs(7,058) (261) (331) —  (7,650) 
Purchases of treasury stock(6,806) —  —  —  (6,806) 
Distributions to non-controlling interests—  —  (103,065) 92,672  (10,393) 
Investment in subsidiaries / capital contributions from parent365,601  (372,621) 82,422  (75,402) —  
Other38  (125) —  —  (87) 
Net cash provided by financing activities328,585  78,993  67,026  17,270  491,874  
Increase (decrease) in cash and cash equivalents(8) (3,927) 4,107  —  172  
Cash and cash equivalents at beginning of period 178  15,659  883  —  16,720  
Cash and cash equivalents at end of period $170  $11,732  $4,990  $—  $16,892