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Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations By Statement Of Operations And Balance Sheet
The results of operations reported as discontinued operations in connection with the OMP Merger were as follows for the periods presented (in thousands):

Three Months Ended March 31,
20222021
Revenues
Oil and gas revenues$— $471 
Purchased oil and gas sales (1)
(13,364)(31,685)
Midstream revenues23,271 61,312 
Total revenues9,907 30,098 
Operating expenses
Lease operating expenses (1)
(4,535)(15,804)
Midstream expenses13,224 27,898 
Gathering, processing and transportation expenses (1)
(3,555)(12,394)
Purchased oil and gas expenses (1)
(12,506)(30,528)
Depreciation, depletion and amortization— 9,220 
General and administrative expenses (1)
3,314 324 
Total operating expenses(4,058)(21,284)
Gain on sale of assets518,900 — 
Operating income532,865 51,382 
Other expense
Interest expense, net of capitalized interest(3,685)(3,832)
Other expense(93)(27)
Total other expense(3,778)(3,859)
Income from discontinued operations before income taxes529,087 47,523 
Income tax expense(41,222)— 
Income from discontinued operations, net of income tax487,865 47,523 
Net income attributable to non-controlling interests2,311 8,327 
Income from discontinued operations attributable to Oasis, net of income tax$485,554 $39,196 
__________________ 
(1)Includes discontinued intercompany eliminations.
Condensed Consolidated Balance Sheet
The carrying amounts of the major classes of assets and liabilities related to the OMP Merger were as follows for the period presented (in thousands):

December 31, 2021
ASSETS
Current assets
Cash and cash equivalents$2,669 
Accounts receivable, net6,509 
Inventory8,541 
Prepaid expenses456 
Total current assets of discontinued operations18,175 
Property, plant and equipment
Oil and gas properties (successful efforts method)(1)
(3,207)
Other property and equipment933,667 
Less: accumulated depreciation, depletion and amortization(32,102)
Total property, plant and equipment, net898,358 
Operating right-of-use assets671 
Intangible assets40,277 
Goodwill70,534 
Other assets1,303 
Total non-current assets of discontinued operations1,011,143 
Total assets of discontinued operations$1,029,318 
LIABILITIES
Current liabilities
Accounts payable$43 
Revenues and production taxes payable1,635 
Accrued liabilities36,183 
Accrued interest payable9,296 
Current operating lease liabilities733 
Other current liabilities564 
Total current liabilities of discontinued operations48,454 
Long-term debt644,078 
Asset retirement obligations904 
Other liabilities6,217 
Total non-current liabilities of discontinued operations651,199 
Total liabilities of discontinued operations$699,653 
___________________________
(1) Includes discontinued intercompany eliminations.