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Discontinued Operations and Disposal Groups (Tables)
 12 Months Ended
Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations By Statement Of Operations And Balance Sheet
Consolidated Statements of Operations
The results of operations reported as discontinued operations in connection with the OMP Merger are as follows for the periods presented (in thousands):

SuccessorPredecessor
Year Ended December 31, 2021November 20, 2020 through December 31, 2020January 1, 2020 through November 19, 2020Year Ended December 31, 2019
Revenues
Oil and gas revenues$1,013 $297 $2,075 $962 
Purchased oil and gas sales (1)
(131,369)(13,406)(50,744)(72,223)
Midstream revenues254,228 26,031 166,631 212,208 
Total revenues123,872 12,922 117,962 140,947 
Operating expenses
Lease operating expenses (1)
(62,142)(4,676)(42,034)(65,306)
Midstream expenses122,040 10,572 42,987 62,146 
Gathering, processing and transportation expenses (1)
(49,795)(4,074)(31,988)(45,220)
Purchased oil and gas expenses (1)
(125,709)(12,921)(43,163)(65,734)
Depreciation, depletion and amortization31,868 2,305 20,113 15,552 
Impairment2 — 111,613 — 
General and administrative expenses (1)
4,193 (579)594 (5,089)
Total operating expenses(79,543)(9,373)58,122 (103,651)
Operating income203,415 22,295 59,840 244,598 
Other income (expense)
Interest expense, net of capitalized interest(36,945)(1,148)(39,648)(16,936)
Reorganization items— — 120,915 — 
Other income (expense)(115)(1)136 (129)
Total other income (expense), net(37,060)(1,149)81,403 (17,065)
Income from discontinued operations before income taxes166,355 21,146 141,243 227,533 
Income tax expense(17)— — — 
Income from discontinued operations, net of income tax166,338 21,146 141,243 227,533 
Net income (loss) attributable to non-controlling interests35,696 3,950 (84,283)37,596 
Income from discontinued operations attributable to Oasis, net of income tax$130,642 $17,196 $225,526 $189,937 
__________________ 
(1)Includes discontinued intercompany eliminations.
Consolidated Balance Sheets
The carrying amounts of the major classes of assets and liabilities related to the OMP Merger are as follows for the periods presented (in thousands):

December 31,
20212020
ASSETS
Current assets
Cash and cash equivalents$2,669 $5,147 
Accounts receivable, net6,509 4,299 
Inventory8,541 12,305 
Prepaid expenses456 3,914 
Other current assets— 649 
Total current assets of discontinued operations18,175 26,314 
Property, plant and equipment
Oil and gas properties (successful efforts method)(1)
(3,207)(276)
Other property and equipment933,667 884,445 
Less: accumulated depreciation, depletion and amortization(32,102)(3,207)
Total property, plant and equipment, net898,358 880,962 
Operating right-of-use assets671 1,643 
Intangible assets40,277 43,000 
Goodwill70,534 70,534 
Other assets1,303 665 
Total non-current assets of discontinued operations1,011,143 996,804 
Total assets of discontinued operations$1,029,318 $1,023,118 
LIABILITIES
Current liabilities
Accounts payable$43 $680 
Revenues and production taxes payable1,635 1,632 
Accrued liabilities36,183 18,142 
Accrued interest payable9,296 360 
Current operating lease liabilities733 945 
Other current liabilities564 350 
Total current liabilities of discontinued operations48,454 22,109 
Long-term debt644,078 450,000 
Asset retirement obligations904 831 
Operating lease liabilities— 733 
Other liabilities6,217 4,187 
Total non-current liabilities of discontinued operations651,199 455,751 
Total liabilities of discontinued operations$699,653 $477,860 
___________________________
(1) Includes discontinued intercompany eliminations.