XML 34 R20.htm IDEA: XBRL DOCUMENT v3.20.4
Intangible Assets
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The Company’s amortizable intangible assets relate to third-party customer contracts, which were $15.0 million at December 31, 2020 (Successor). Accumulated amortization of intangible assets was immaterial at December 31, 2020 (Successor). The Company’s non-amortizable intangible assets at December 31, 2020 (Successor) were $28.7 million, consisting of the Company’s interest in OMP GP and seismic data. In addition, the excess of the Successor’s reorganization value over the fair value of identified tangible and intangible assets as of the Emergence Date was reported separately on the Company’s Consolidated Balance Sheets as goodwill. The Company’s non-amortizable intangible assets at December 31, 2019 (Predecessor) were $0.7 million, consisting of seismic data.
Based on the carrying value of amortizable intangible assets at December 31, 2020 (Successor), amortization expense for the subsequent five years is estimated as follows:
(In thousands)
2021$2,723 
20222,723 
20232,723 
20242,723 
2025959 
Thereafter3,149