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Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Summarized Information Related to Restricted Stock and Restricted Units

The following table summarizes information related to RSAs held by non-employee directors of the Company:

			Shares						Weighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2020			93,000						$	37.35
Granted			2,916						126.89
Vested			(30,996)						37.35
Forfeited			—						—
Non-vested shares outstanding December 31, 2021			64,920						$	41.37

The following table summarizes information related to RSUs held by employees of the Company:

			Shares						Weighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2020			—						$	—
Granted			518,375						62.61
Vested			(69)						127.91
Forfeited			(5,500)						56.86
Non-vested shares outstanding December 31, 2021			512,806						$	62.66

Summarized Information Related to Performance Share Units

The following table summarizes information related to PSUs held by employees of the Company:

			Shares						Weighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2020			—						$	—
Granted			183,915						63.95
Vested			—						—
Forfeited			—						—
Non-vested shares outstanding December 31, 2021			183,915						$	63.95

Schedule of Nonvested Leveraged Stock Units Activity

The following table summarizes information related to LSUs held by employees of the Company:

			Shares						Weighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2020			—						$	—
Granted			262,406						78.79
Vested			—						—
Forfeited			—						—
Non-vested shares outstanding December 31, 2021			262,406						$	78.79

Summary of Assumptions

The following table summarizes the assumptions used in the Monte Carlo simulation model to determine the grant date fair value and associated equity-based compensation expenses by grant date:

Grant date			January 18, 2021						February 11, 2021						April 13, 2021
Forecast period (years)			3 - 4						3 - 4						3 - 4
Risk-free interest rates			0.2% - 0.3%						0.2% - 0.3%						0.3% - 0.6%
Implied equity volatility			55% - 60%						55% - 60%						45% - 50%
Stock price on date of grant			$44.41						$49.66						$68.07

The following assumptions were used for the Monte Carlo model to determine the grant date fair value and associated equity-based compensation expense of the PSUs granted during the periods presented (Predecessor):

			2020						2019
Forecast period (years)			2 - 4						2 - 4
Risk-free interest rates			1.53% - 1.55%						2.55% - 2.56%
Oasis stock price volatility			68.56		%				71.17		%
Oasis initial value			$	3.19					$	5.85
Oasis stock price on date of grant			$	2.77					$	6.63

Summarized Information Related to Phantom Units

The following table summarizes information related to phantom unit awards held by employees of the Company:

			Phantom Unit Awards						Weighted Average Grant Date Fair Value per Share
Non-vested phantom unit awards outstanding December 31, 2020			—						$	—
Granted			16,422						127.91
Vested			(38)						127.91
Forfeited			(604)						127.91
Non-vested phantom unit awards outstanding December 31, 2021			15,780						$	127.91

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Schedule of Nonvested Leveraged Stock Units Activity

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Tabular disclosure of the changes in outstanding nonvested shares.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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