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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Outstanding Commodity Derivative Instruments | At December 31, 2020 (Successor), the Company had the following outstanding commodity derivative instruments:
Commodity |  | Settlement Period |  | Derivative Instrument |  | Index |  | Volumes |  | Weighted Average Prices |  | Fair Value Assets (Liabilities)
|  |  |  |  |  |  |  |  |  |  |  |  |  | (In thousands)
Crude oil |  | 2021 |  | Fixed price swaps |  | NYMEX WTI |  | 9,748,000 |  |  | Bbl |  | $ | 42.09 |  |  |  |  |  |  |  |  |  |  | $ | (59,262) |
Crude oil |  | 2022 |  | Fixed price swaps |  | NYMEX WTI |  | 7,245,000 |  |  | Bbl |  | $ | 42.66 |  |  |  |  |  |  |  |  |  |  | (27,759) |
Crude oil |  | 2023 |  | Fixed price swaps |  | NYMEX WTI |  | 5,265,000 |  |  | Bbl |  | $ | 43.57 |  |  |  |  |  |  |  |  |  |  | (10,054) |
Crude oil |  | 2024 |  | Fixed price swaps |  | NYMEX WTI |  | 434,000 |  |  | Bbl |  | $ | 43.68 |  |  |  |  |  |  |  |  |  |  | (613) |
Natural gas |  | 2021 |  | Fixed price swaps |  | NYMEX HH |  | 14,600,000 |  |  | MMBtu |  | $ | 2.84 |  |  |  |  |  |  |  |  |  |  | 2,785 |
Natural gas |  | 2022 |  | Fixed price swaps |  | NYMEX HH |  | 5,430,000 |  |  | MMBtu |  | $ | 2.82 |  |  |  |  |  |  |  |  |  |  | 812 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (94,091) |
Realized and Unrealized Gains and Losses From Commodity Derivative Instruments | The following table summarizes the location and amounts of gains and losses from the Company’s commodity derivative instruments recorded in the Company’s Consolidated Statements of Operations for the periods presented (in thousands):
|  | Successor |  |  | Predecessor
|  | Period from November 20, 2020 through December 31, 2020 |  |  | Period from January 1, 2020 through November 19, 2020 |  | Year Ended December 31,
Statement of Operations Location |  |  |  |  | 2019 |  | 2018
Net gain (loss) on derivative instruments |  | $ | (84,615) |  |  |  | $ | 233,565 |  |  | $ | (106,314) |  |  | $ | 28,457 |
Schedule of Location and Fair Value of Outstanding Commodity Derivative Instruments | The following tables summarize the location and fair value of all outstanding commodity derivative instruments recorded in the Company’s Consolidated Balance Sheets:
|  |  |  | Successor
|  |  |  | December 31, 2020
Commodity |  | Balance Sheet Location |  | Gross Recognized Assets/Liabilities |  | Gross Amount Offset |  | Net Recognized Fair Value Assets/Liabilities
|  |  |  | (In thousands)
Derivatives assets: |  |  |  |  |  |  |  |
Commodity contracts |  | Derivative instruments — current assets |  | $ | 467 |  |  | $ | — |  |  | $ | 467 |
Commodity contracts |  | Derivative instruments — non-current assets |  | — |  |  | — |  |  | — |
Total derivatives assets |  |  |  | $ | 467 |  |  | $ | — |  |  | $ | 467 |
Derivatives liabilities: |  |  |  |  |  |  |  |
Commodity contracts |  | Derivative instruments — current liabilities |  | $ | 59,262 |  |  | $ | (2,318) |  |  | $ | 56,944 |
Commodity contracts |  | Derivative instruments — non-current liabilities |  | 38,426 |  |  | (812) |  |  | 37,614 |
Total derivatives liabilities |  | $ | 97,688 |  |  | $ | (3,130) |  |  | $ | 94,558 |
|  |  |  | Predecessor
|  |  |  | December 31, 2019
Commodity |  | Balance Sheet Location |  | Gross Recognized Assets/Liabilities |  | Gross Amount Offset |  | Net Recognized Fair Value Assets/Liabilities
|  |  |  | (In thousands)
Derivatives assets: |  |  |  |  |  |  |  |
Commodity contracts |  | Derivative instruments — current assets |  | $ | 633 |  |  | $ | (98) |  |  | $ | 535 |
Commodity contracts |  | Derivative instruments — non-current assets |  | 3,295 |  |  | (2,656) |  |  | 639 |
Total derivatives assets |  |  |  | $ | 3,928 |  |  | $ | (2,754) |  |  | $ | 1,174 |
Derivatives liabilities: |  |  |  |  |  |  |  |
Commodity contracts |  | Derivative instruments — current liabilities |  | $ | 33,812 |  |  | $ | (14,117) |  |  | $ | 19,695 |
Commodity contracts |  | Derivative instruments — non-current liabilities |  | 686 |  |  | (566) |  |  | 120 |
Total derivatives liabilities |  | $ | 34,498 |  |  | $ | (14,683) |  |  | $ | 19,815 |

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