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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Hierarchy of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables set forth by level, within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis:

			Successor
			Fair value at June 30, 2021
			Level 1						Level 2						Level 3						Total
			(In thousands)
Assets:
Permian Basin Sale Contingent Consideration			$	—					$	32,860					$	—					$	32,860
Total assets			$	—					$	32,860					$	—					$	32,860
Liabilities:
Commodity derivative instruments			$	—					$	381,649					$	—					$	381,649
Total liabilities			$	—					$	381,649					$	—					$	381,649

			Successor
			Fair value at December 31, 2020
			Level 1						Level 2						Level 3						Total
			(In thousands)
Assets:
Commodity derivative instruments			$	—					$	467					$	—					$	467
Total assets			$	—					$	467					$	—					$	467
Liabilities:
Commodity derivative instruments			$	—					$	94,558					$	—					$	94,558
Total liabilities			$	—					$	94,558					$	—					$	94,558

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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