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Fresh Start Accounting - Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Nov. 20, 2020
Nov. 19, 2020
Nov. 18, 2020
Dec. 31, 2019
Dec. 31, 2018
Current assets              
Cash and cash equivalents $ 172,114 $ 10,709   $ 4,241      
Restricted cash 0 4,370   11,800      
Accounts receivable, net 377,202 202,240   234,413      
Inventory 28,956 21,624   21,969      
Prepaid expenses 6,016 5,815   3,760      
Derivative instruments 0 467   728      
Other current assets 1,836 78   104      
Total current assets 1,615,442 271,617   339,085      
Property, plant and equipment              
Oil and gas properties (successful efforts method) 1,395,837 810,604   795,247      
Other property and equipment 48,981 51,505   44,999      
Less: accumulated depreciation, depletion, amortization and impairment (124,386) (14,284)   0      
Total property, plant and equipment, net 1,320,432 847,825   840,246      
Derivative instruments 44,865 0   47      
Long-term inventory 17,510 14,522   12,234      
Operating right-of-use assets 15,782 4,440   10,712      
Other assets 12,756 18,329   18,754      
Non-current assets held for sale 0 1,002,304   1,016,913      
Total assets 3,026,787 2,159,037   2,237,991      
Current liabilities              
Accounts payable 2,136 2,562   21,518      
Revenues and production taxes payable 270,306 144,865   129,031      
Accrued liabilities 150,674 108,142   105,916      
Current maturities of long-term debt       0      
Accrued interest payable 2,150 620   42      
Derivative instruments 89,447 56,944   4,969      
Advances from joint interest partners 1,892 2,723   2,725      
Current operating lease liabilities 7,893 1,662   957      
Other current liabilities 1,046 1,604   1,638      
Current liabilities held for sale 699,653 22,109   38,796      
Total current liabilities 1,225,197 341,231   305,592      
Long-term debt 392,524 260,000   340,000      
Deferred income taxes 7 984   4,431      
Asset retirement obligations 57,604 45,532   45,161      
Derivative instruments 115,282 37,614   5,357      
Operating lease liabilities 6,724 1,629   14,794      
Other liabilities 7,876 3,557   3,504      
Liabilities Subject to Compromise       0      
Non-current liabilities held for sale 0 455,751   460,721      
Total liabilities 1,805,214 1,146,298   1,179,560      
Commitments and contingencies        
Stockholders’ equity (deficit)              
Common stock 200 200   200      
Predecessor treasury stock, at cost (100,000) 0          
Additional paid-in-capital       965,415      
Retained earnings (accumulated deficit) 269,690 (49,912)   0      
Oasis share of stockholders’ equity (deficit) 1,032,900 915,942   965,615      
Non-controlling interests 188,673 96,797   92,816      
Total stockholders’ equity 1,221,573 1,012,739 $ 1,058,431 1,058,431   $ 3,837,081 $ 3,918,880
Total liabilities and stockholders’ equity 3,026,787 2,159,037   2,237,991      
Current assets held for sale $ 1,029,318 $ 26,314   62,070      
Predecessor              
Current assets              
Cash and cash equivalents       69,558      
Restricted cash       0      
Accounts receivable, net       234,413      
Inventory       19,867      
Prepaid expenses       8,085      
Derivative instruments       728      
Other current assets       104      
Total current assets       394,825      
Property, plant and equipment              
Oil and gas properties (successful efforts method)       9,301,065      
Other property and equipment       105,410      
Less: accumulated depreciation, depletion, amortization and impairment       (8,332,534)      
Total property, plant and equipment, net       1,073,941      
Derivative instruments       47      
Long-term inventory       12,526      
Operating right-of-use assets       11,509      
Other assets       19,876      
Non-current assets held for sale       921,031      
Total assets       2,433,755      
Current liabilities              
Accounts payable       (291)      
Revenues and production taxes payable       129,031      
Accrued liabilities       46,561      
Current maturities of long-term debt       360,640      
Accrued interest payable       32,538      
Derivative instruments       4,902      
Advances from joint interest partners       170      
Current operating lease liabilities       109      
Other current liabilities       (102)      
Current liabilities held for sale       66,810      
Total current liabilities       640,368      
Long-term debt       0      
Deferred income taxes       1,097      
Asset retirement obligations       283      
Derivative instruments       5,316      
Operating lease liabilities       72      
Other liabilities       80      
Liabilities Subject to Compromise       2,051,294      
Non-current liabilities held for sale       461,859      
Total liabilities       3,160,369      
Commitments and contingencies            
Stockholders’ equity (deficit)              
Common stock       3,233      
Predecessor treasury stock, at cost       (36,637)      
Additional paid-in-capital       3,131,446      
Retained earnings (accumulated deficit)       (3,995,209)      
Oasis share of stockholders’ equity (deficit)       (897,167)      
Non-controlling interests       170,553      
Total stockholders’ equity       (726,614)      
Total liabilities and stockholders’ equity       2,433,755      
Current assets held for sale       62,070      
Reorganization Adjustments              
Current assets              
Cash and cash equivalents       (65,317)      
Restricted cash       11,800      
Accounts receivable, net       0      
Inventory       0      
Prepaid expenses       (4,325)      
Derivative instruments       0      
Other current assets       0      
Total current assets       (57,842)      
Property, plant and equipment              
Oil and gas properties (successful efforts method)       0      
Other property and equipment       0      
Less: accumulated depreciation, depletion, amortization and impairment       0      
Total property, plant and equipment, net       0      
Derivative instruments       0      
Long-term inventory       0      
Operating right-of-use assets       0      
Other assets       7,017      
Non-current assets held for sale       0      
Total assets       (50,825)      
Current liabilities              
Accounts payable       21,809      
Revenues and production taxes payable       0      
Accrued liabilities       57,470      
Current maturities of long-term debt       (360,640)      
Accrued interest payable       (32,496)      
Derivative instruments       49      
Advances from joint interest partners       2,555      
Current operating lease liabilities       924      
Other current liabilities       1,774      
Current liabilities held for sale       (28,014)      
Total current liabilities       (336,569)      
Long-term debt       340,000      
Deferred income taxes       9,746      
Asset retirement obligations       57,306      
Derivative instruments       0      
Operating lease liabilities       15,462      
Other liabilities       3,456      
Liabilities Subject to Compromise       (2,051,294)      
Non-current liabilities held for sale       0      
Total liabilities       (1,961,893)      
Commitments and contingencies            
Stockholders’ equity (deficit)              
Common stock       200 $ (3,233)    
Predecessor treasury stock, at cost       36,637      
Additional paid-in-capital       965,415 (3,131,446)    
Retained earnings (accumulated deficit)       4,034,401      
Oasis share of stockholders’ equity (deficit)       1,901,974      
Non-controlling interests       9,094      
Total stockholders’ equity       1,911,068      
Total liabilities and stockholders’ equity       (50,825)      
Current assets held for sale       0      
Fresh Start Adjustments              
Current assets              
Cash and cash equivalents       0      
Restricted cash       0      
Accounts receivable, net       0      
Inventory       2,102      
Prepaid expenses       0      
Derivative instruments       0      
Other current assets       0      
Total current assets       2,102      
Property, plant and equipment              
Oil and gas properties (successful efforts method)       (8,505,818)      
Other property and equipment       (60,411)      
Less: accumulated depreciation, depletion, amortization and impairment       8,332,534      
Total property, plant and equipment, net       (233,695)      
Derivative instruments       0      
Long-term inventory       (292)      
Operating right-of-use assets       (797)      
Other assets       (8,139)      
Non-current assets held for sale       95,882      
Total assets       (144,939)      
Current liabilities              
Accounts payable       0      
Revenues and production taxes payable       0      
Accrued liabilities       1,885      
Current maturities of long-term debt       0      
Accrued interest payable       0      
Derivative instruments       18      
Advances from joint interest partners       0      
Current operating lease liabilities       (76)      
Other current liabilities       (34)      
Current liabilities held for sale       0      
Total current liabilities       1,793      
Long-term debt       0      
Deferred income taxes       (6,412)      
Asset retirement obligations       (12,428)      
Derivative instruments       41      
Operating lease liabilities       (740)      
Other liabilities       (32)      
Liabilities Subject to Compromise       0      
Non-current liabilities held for sale       (1,138)      
Total liabilities       (18,916)      
Commitments and contingencies            
Stockholders’ equity (deficit)              
Common stock       0 $ 0    
Predecessor treasury stock, at cost       0      
Additional paid-in-capital       0      
Retained earnings (accumulated deficit)       (39,192)      
Oasis share of stockholders’ equity (deficit)       (39,192)      
Non-controlling interests       (86,831)      
Total stockholders’ equity       (126,023)      
Total liabilities and stockholders’ equity       (144,939)      
Current assets held for sale       $ 0