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Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Summarized Financial Information of Segments | The following table summarizes financial information for the Company’s two business segments for the periods presented:
| E&P |  |  |  | Midstream |  |  |  | Eliminations |  | Consolidated
| (In thousands)
Successor |  |  |  |  |  |  |  |  |  |  |
Three months ended September 30, 2021: |
Revenues from non-affiliates | $ | 335,327 |  |  |  |  | $ | 66,712 |  |  |  |  | $ | — |  |  | $ | 402,039 |
Inter-segment revenues | — |  |  |  |  | 41,561 |  |  |  |  | (41,561) |  |  | — |
Total revenues | 335,327 |  |  |  |  | 108,273 |  |  |  |  | (41,561) |  |  | 402,039 |
Operating income | 153,125 |  |  |  |  | 51,289 |  |  |  |  | (824) |  |  | 203,590 |
Total other expense, net | (109,085) |  |  |  |  | (11,173) |  |  |  |  | — |  |  | (120,258) |
Income before income taxes | $ | 44,040 |  |  |  |  | $ | 40,116 |  |  |  |  | $ | (824) |  |  | $ | 83,332 |
Lease operating expenses | $ | 44,914 |  |  |  |  | $ | — |  |  |  |  | $ | (15,607) |  |  | $ | 29,307 |
Gathering, processing and transportation expenses | 30,028 |  |  |  |  | — |  |  |  |  | (13,628) |  |  | 16,400 |
General and administrative expenses(1) | 15,702 |  |  |  |  | 6,668 |  |  |  |  | (2,856) |  |  | 19,514 |
Equity-based compensation expenses | 4,144 |  |  |  |  | 143 |  |  |  |  | — |  |  | 4,287 |
Predecessor |  |  |  |  |  |  |  |  |  |  |
Three months ended September 30, 2020: |
Revenues from non-affiliates | $ | 215,636 |  |  |  |  | $ | 55,423 |  |  |  |  | $ | — |  |  | $ | 271,059 |
Inter-segment revenues | — |  |  |  |  | 54,638 |  |  |  |  | (54,638) |  |  | — |
Total revenues | 215,636 |  |  |  |  | 110,061 |  |  |  |  | (54,638) |  |  | 271,059 |
Operating income (loss) | (8,603) |  |  |  |  | 48,132 |  |  |  |  | (1,005) |  |  | 38,524 |
Total other expense, net | (87,953) |  |  |  |  | (2,812) |  |  |  |  | — |  |  | (90,765) |
Income (loss) before income taxes | $ | (96,556) |  |  |  |  | $ | 45,320 |  |  |  |  | $ | (1,005) |  |  | $ | (52,241) |
Lease operating expenses | $ | 41,235 |  |  |  |  | $ | — |  |  |  |  | $ | (11,882) |  |  | $ | 29,353 |
Gathering, processing and transportation expenses | 32,003 |  |  |  |  | — |  |  |  |  | (11,675) |  |  | 20,328 |
General and administrative expenses(1) | 44,088 |  |  |  |  | 9,089 |  |  |  |  | (3,926) |  |  | 49,251 |
Equity-based compensation expenses | 4,502 |  |  |  |  | 400 |  |  |  |  | (68) |  |  | 4,834 |
Successor |  |  |  |  |  |  |  |  |  |  |
Nine months ended September 30, 2021: |
Revenues from non-affiliates | $ | 947,013 |  |  |  |  | $ | 203,545 |  |  |  |  | $ | — |  |  | $ | 1,150,558 |
Inter-segment revenues | — |  |  |  |  | 125,007 |  |  |  |  | (125,007) |  |  | — |
Total revenues | 947,013 |  |  |  |  | 328,552 |  |  |  |  | (125,007) |  |  | 1,150,558 |
Operating income (loss) | 593,493 |  |  |  |  | 139,946 |  |  |  |  | (3,441) |  |  | 729,998 |
Total other income (expense), net | (574,583) |  |  |  |  | (26,039) |  |  |  |  | — |  |  | (600,622) |
Income before income taxes | $ | 18,910 |  |  |  |  | $ | 113,907 |  |  |  |  | $ | (3,441) |  |  | $ | 129,376 |
Lease operating expenses | $ | 146,414 |  |  |  |  | $ | — |  |  |  |  | $ | (47,526) |  |  | $ | 98,888 |
Gathering, processing and transportation expenses | 90,920 |  |  |  |  | — |  |  |  |  | (38,324) |  |  | 52,596 |
General and administrative expenses(1) | 47,084 |  |  |  |  | 23,403 |  |  |  |  | (10,026) |  |  | 60,461 |
Equity-based compensation expenses | 10,518 |  |  |  |  | 669 |  |  |  |  | — |  |  | 11,187 |
Predecessor |  |  |  |  |  |  |  |  |  |  |
Nine months ended September 30, 2020: |
Revenues from non-affiliates | $ | 668,849 |  |  |  |  | $ | 156,360 |  |  |  |  | $ | — |  |  | $ | 825,209 |
Inter-segment revenues | — |  |  |  |  | 160,377 |  |  |  |  | (160,377) |  |  | — |
Total revenues | 668,849 |  |  |  |  | 316,737 |  |  |  |  | (160,377) |  |  | 825,209 |
Operating income (loss) | (4,866,759) |  |  |  |  | 36,526 |  |  |  |  | (4,995) |  |  | (4,835,228) |
Total other income (expense), net | 140,580 |  |  |  |  | (38,568) |  |  |  |  | — |  |  | 102,012 |
Loss before income taxes | $ | (4,726,179) |  |  |  |  | $ | (2,042) |  |  |  |  | $ | (4,995) |  |  | $ | (4,733,216) |
Lease operating expenses | $ | 144,912 |  |  |  |  | $ | — |  |  |  |  | $ | (36,182) |  |  | $ | 108,730 |
Gathering, processing and transportation expenses | 105,897 |  |  |  |  | — |  |  |  |  | (32,340) |  |  | 73,557 |
General and administrative expenses(1) | 103,051 |  |  |  |  | 26,995 |  |  |  |  | (12,178) |  |  | 117,868 |
Equity-based compensation expenses | 15,909 |  |  |  |  | 1,031 |  |  |  |  | (409) |  |  | 16,531 |
Successor |  |  |  |  |  |  |  |  |  |  |
At September 30, 2021: |
Property, plant and equipment, net | $ | 692,271 |  |  |  |  | $ | 893,333 |  |  |  |  | $ | (2,760) |  |  | $ | 1,582,844 |
Total assets | 1,939,695 |  |  |  |  | 1,062,577 |  |  |  |  | (2,760) |  |  | 2,999,512 |
At December 31, 2020: |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net | $ | 837,020 |  |  |  |  | $ | 892,043 |  |  |  |  | $ | (276) |  |  | $ | 1,728,787 |
Total assets | 1,093,253 |  |  |  |  | 1,066,060 |  |  |  |  | (276) |  |  | 2,159,037 |
___________________ (1)Includes equity-based compensation expenses.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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