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Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Revenues associated with contracts with customers for crude oil, natural gas and NGL sales and other services were as follows 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,
																		2019						2018
Crude oil revenues			$	69,075								$	522,812					$	1,261,413					$	1,425,409
Purchased crude oil sales			6,771									160,420						401,554						540,633
Natural gas and NGL revenues			17,367									80,773						147,358						164,615
Purchased natural gas sales			366									5,047						7,207						6,078
Other services revenues			215									6,836						41,974						61,075
Total E&P revenues			$	93,794								$	775,888					$	1,859,506					$	2,197,810

Revenues associated with contracts with customers for midstream services were as follows 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,
																		2019						2018
Midstream service revenues
Crude oil, natural gas and NGL revenues			$	8,912								$	82,466					$	95,399					$	73,028
Produced and flowback water revenues			3,512									31,932						40,534						37,791
Total midstream service revenues			$	12,424								$	114,398					$	135,933					$	110,819
Midstream product revenues
Purchased crude oil sales			$	90								$	20,900					$	30					$	3,633
Crude oil, natural gas and NGL revenues			13,150									48,883						70,746						1,464
Freshwater revenues			457									3,350						5,529						8,221
Total midstream product revenues			$	13,697								$	73,133					$	76,305					$	13,318
Total midstream revenues			$	26,121								$	187,531					$	212,238					$	124,137

Change in Company's Contract Assets and Contract Liabilities

The following table reflects the changes in the Company’s contract liabilities for the periods presented (in thousands):

			Successor									Predecessor
			December 31, 2020									December 31, 2019
Beginning of the period			$	2,105								$	—
Cash received			2,267									2,174
Revenues recognized			(406)									(69)
End of the period			$	3,966								$	2,105

Estimated Revenue Satisfaction Period Related to Remaining Performance Obligations

The following table presents estimated revenue allocated to remaining performance obligations for contracted revenues that are unsatisfied (or partially satisfied) as of December 31, 2020 (Successor):

			(In thousands)
2021			$	16,921
2022			17,175
2023			10,896
2024			11,089
2025			2,768
Total			$	58,849

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- References

No definition available.

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

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