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Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
2022202120222021
Revenues
Oil and gas revenues$— $232 $— $703 
Purchased oil and gas sales (1)
— (26,967)(13,364)(58,652)
Midstream revenues— 55,783 23,271 117,095 
Total revenues— 29,048 9,907 59,146 
Operating expenses
Lease operating expenses (1)
— (16,099)(4,535)(31,903)
Midstream expenses— 23,547 13,224 51,445 
Gathering, processing and transportation expenses (1)
— (12,302)(3,555)(24,696)
Purchased oil and gas expenses (1)
— (25,568)(12,506)(56,096)
Depreciation, depletion and amortization— 9,737 — 18,957 
Impairment— 2 — 2 
General and administrative expenses (1)
— (789)3,314 (465)
Total operating expenses— (21,472)(4,058)(42,756)
Gain on sale of assets— — 518,900 — 
Operating income— 50,520 532,865 101,902 
Other (income) expense
Interest expense, net of capitalized interest— (11,148)(3,685)(14,980)
Other income (expense)— 139 (93)112 
Total other expense, net— (11,009)(3,778)(14,868)
Income from discontinued operations before income taxes— 39,511 529,087 87,034 
Income tax expense— — (41,222)— 
Income from discontinued operations, net of income tax— 39,511 487,865 87,034 
Net income attributable to non-controlling interests— 7,945 2,311 16,272 
Income from discontinued operations attributable to Chord, net of income tax
$— $31,566 $485,554 $70,762 
__________________ 
(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.