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Supplemental Oil and Gas Disclosures - Unaudited (Tables)

12 Months Ended

Dec. 31, 2021

Oil and Gas Exploration and Production Industries Disclosures [Abstract]

Capitalized Costs Related to Oil and Natural Gas Producing Activities

The following table sets forth the capitalized costs related to the Company’s oil and gas producing activities (in thousands):

			December 31,
			2021						2020
Proved oil and gas properties			$	1,393,836					$	770,117
Less: Accumulated depreciation, depletion, amortization and impairment			(107,277)						(12,403)
Proved oil and gas properties, net			1,286,559						757,714
Unproved oil and gas properties			2,001						40,211
Total oil and gas properties, net			$	1,288,560					$	797,925

Costs Incurred in Oil and Natural Gas Property Acquisition, Exploration and Development Activities

The following table sets forth costs incurred related to the Company’s oil and gas activities for the periods presented (in thousands):

			Successor															Predecessor
			Year Ended December 31, 2021						Period from November 20, 2020 through December 31, 2020									Period from January 1, 2020 through November 19, 2020						Year Ended December 31, 2019
Acquisition costs:
Proved oil and gas properties			$	605,868					$	—								$	—					$	—
Unproved oil and gas properties			85						336									536						23,058
Exploration costs			1						105									1,225						67,470
Development costs			170,178						14,624									199,537						542,133
Asset retirement costs			15,750						35									181						2,083
Total costs incurred			$	791,882					$	15,100								$	201,479					$	634,744

Results of Operations for Oil and Natural Gas Producing Activities

The following table sets forth the results of operations for oil and gas producing activities, which exclude general and administrative expenses and interest expense, for the periods presented (in thousands):

			Successor															Predecessor
			Year Ended December 31, 2021						Period from November 20, 2020 through December 31, 2020									Period from January 1, 2020 through November 19, 2020						Year Ended December 31, 2019
Revenues						$	1,200,256								$	86,442														$	603,585					$	1,408,771
Production costs			403,382						32,903									249,707						464,782
Depreciation, depletion and amortization			109,881						12,745									264,822						759,900
Exploration costs			2,760						—									2,748						6,658
Rig termination			—						—									1,279						384
Impairment			3						—									4,800,785						5,389
Income tax (benefit) expense			162,163						9,648									(1,115,276)						40,745
Results of operations for oil and gas producing activities			$	522,067					$	31,146								$	(3,600,480)					$	130,913

X

- Definition

Tabular disclosure of aggregate capitalized costs relating to an enterprise's oil and gas producing activities and the aggregate related accumulated depreciation, depletion, amortization, and valuation allowances.

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