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Fresh Start Accounting - Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Nov. 20, 2020
Nov. 19, 2020
Nov. 18, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Current assets              
Cash and cash equivalents $ 15,856   $ 8,754 $ 74,071 $ 20,019    
Restricted cash 4,370   11,800 0 0    
Accounts receivable, net 206,539   274,679 274,679 371,181    
Inventory 33,929   35,831 33,729 35,259    
Prepaid expenses 9,729   6,539 10,864 10,011    
Derivative instruments 467   728 728 535    
Other current assets 727   754 754 346    
Total current assets 271,617   339,085 394,825 437,351    
Property, plant and equipment              
Oil and gas properties (successful efforts method) 810,328   795,247 9,256,532 9,463,038    
Other property and equipment 935,950   938,172 1,311,240 1,279,653    
Less: accumulated depreciation, depletion, amortization and impairment (17,491)   0 (8,579,696) (3,764,915)    
Total property, plant and equipment, net 1,728,787   1,733,419 1,988,076 6,977,776 $ 7,027,109  
Assets held for sale, net 5,500   5,500 1,380 21,628    
Derivative instruments 0   47 47 639    
Long-term inventory 14,522   14,520 14,107 13,924    
Operating right-of-use assets 6,083   12,463 13,260 18,497    
Intangible Assets 43,667   43,667 667 0    
Goodwill 70,534   70,534 0 0    
Other assets 18,327   18,756 21,393 29,438    
Total assets 2,159,037   2,237,991 2,433,755 7,499,253 7,626,142  
Current liabilities              
Accounts payable 3,242   31,015 9,206 17,948    
Revenues and production taxes payable 146,497   130,487 130,487 233,090    
Accrued liabilities 126,284   131,868 72,513 281,079    
Current maturities of long-term debt     0 360,640      
Accrued interest payable 980   478 60,988 37,388    
Derivative instruments 56,944   4,969 4,902 19,695    
Advances from joint interest partners 2,723   2,725 170 4,598    
Current operating lease liabilities 2,607   1,898 1,050 6,182    
Other current liabilities 1,954   2,152 412 2,903    
Total current liabilities 341,231   305,592 640,368 602,883    
Long-term debt 710,000   795,500 455,500 2,711,573    
Deferred income taxes 984   4,431 1,097 267,357    
Asset retirement obligations 46,363   45,986 2,246 56,305    
Derivative instruments 37,614   5,357 5,316 120    
Operating lease liabilities 2,362   15,636 914 17,915    
Other liabilities 7,744   7,058 3,634 6,019    
Liabilities subject to compromise     0 2,051,294      
Total liabilities 1,146,298   1,179,560 3,160,369 3,662,172    
Commitments and contingencies      
Stockholders’ equity (deficit)              
Common stock 200   200 3,233 3,189    
Predecessor treasury stock, at cost: 2,966,738 shares at December 31, 2019     0 (36,637) (33,881)    
Additional paid-in-capital 965,654     3,131,446 3,112,384    
Additional paid-in-capital       965,415      
Retained earnings (accumulated deficit) (49,912)   0 (3,995,209) 554,446    
Oasis share of stockholders’ equity 915,942   965,615 (897,167) 3,636,138    
Non-controlling interests 96,797   92,816 170,553 200,943    
Total stockholders’ equity 1,012,739 $ 1,058,431 1,058,431 (726,614) 3,837,081 $ 3,918,880 $ 3,513,579
Total liabilities and stockholders’ equity $ 2,159,037   2,237,991 2,433,755 $ 7,499,253    
Reorganization Adjustments              
Current assets              
Cash and cash equivalents     (65,317)        
Restricted cash     11,800        
Accounts receivable, net     0        
Inventory     0        
Prepaid expenses     (4,325)        
Derivative instruments     0        
Other current assets     0        
Total current assets     (57,842)        
Property, plant and equipment              
Oil and gas properties (successful efforts method)     0        
Other property and equipment     0        
Less: accumulated depreciation, depletion, amortization and impairment     0        
Total property, plant and equipment, net     0        
Assets held for sale, net     0        
Derivative instruments     0        
Long-term inventory     0        
Operating right-of-use assets     0        
Intangible Assets     0        
Goodwill     0        
Other assets     7,017        
Total assets     (50,825)        
Current liabilities              
Accounts payable     21,809        
Revenues and production taxes payable     0        
Accrued liabilities     57,470        
Current maturities of long-term debt     (360,640)        
Accrued interest payable     (60,510)        
Derivative instruments     49        
Advances from joint interest partners     2,555        
Current operating lease liabilities     924        
Other current liabilities     1,774        
Total current liabilities     (336,569)        
Long-term debt     340,000        
Deferred income taxes     9,746        
Asset retirement obligations     57,306        
Derivative instruments     0        
Operating lease liabilities     15,462        
Other liabilities     3,456        
Liabilities subject to compromise     (2,051,294)        
Total liabilities     (1,961,893)        
Commitments and contingencies            
Stockholders’ equity (deficit)              
Common stock     200 (3,233)      
Predecessor treasury stock, at cost: 2,966,738 shares at December 31, 2019     36,637        
Additional paid-in-capital     (3,131,446)        
Additional paid-in-capital       965,415      
Retained earnings (accumulated deficit)     4,034,401        
Oasis share of stockholders’ equity     1,901,974        
Non-controlling interests     9,094        
Total stockholders’ equity     1,911,068        
Total liabilities and stockholders’ equity     (50,825)        
Fresh Start Adjustments              
Current assets              
Cash and cash equivalents     0        
Restricted cash     0        
Accounts receivable, net     0        
Inventory     2,102        
Prepaid expenses     0        
Derivative instruments     0        
Other current assets     0        
Total current assets     2,102        
Property, plant and equipment              
Oil and gas properties (successful efforts method)     (8,461,285)        
Other property and equipment     (373,068)        
Less: accumulated depreciation, depletion, amortization and impairment     8,579,696        
Total property, plant and equipment, net     (254,657)        
Assets held for sale, net     4,120        
Derivative instruments     0        
Long-term inventory     413        
Operating right-of-use assets     (797)        
Intangible Assets     43,000        
Goodwill     70,534        
Other assets     (9,654)        
Total assets     (144,939)        
Current liabilities              
Accounts payable     0        
Revenues and production taxes payable     0        
Accrued liabilities     1,885        
Current maturities of long-term debt     0        
Accrued interest payable     0        
Derivative instruments     18        
Advances from joint interest partners     0        
Current operating lease liabilities     (76)        
Other current liabilities     (34)        
Total current liabilities     1,793        
Long-term debt     0        
Deferred income taxes     (6,412)        
Asset retirement obligations     (13,566)        
Derivative instruments     41        
Operating lease liabilities     (740)        
Other liabilities     (32)        
Liabilities subject to compromise     0        
Total liabilities     (18,916)        
Commitments and contingencies            
Stockholders’ equity (deficit)              
Common stock     0 0      
Predecessor treasury stock, at cost: 2,966,738 shares at December 31, 2019     0        
Additional paid-in-capital     0        
Additional paid-in-capital       $ 0      
Retained earnings (accumulated deficit)     (39,192)        
Oasis share of stockholders’ equity     (39,192)        
Non-controlling interests     (86,831)        
Total stockholders’ equity     (126,023)        
Total liabilities and stockholders’ equity     $ (144,939)