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Leases (Tables) | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Schedule of Components of Lease Costs | The Company’s long-term leases consist primarily of office space, vehicles and other property and equipment used in its operations. The components of lease costs attributable to continuing operations were as follows for the periods presented (in thousands):
| Successor |  |  | Predecessor
| Year Ended December 31, |  | Period from November 20, 2020 through December 31, 2020 |  |  | Period from January 1, 2020 through November 19, 2020
| 2022 |  | 2021 |  |  |
Operating lease costs | $ | 11,292 |  |  | $ | 2,966 |  |  | $ | 666 |  |  |  | $ | 3,245 |
Variable lease costs(1) | 8,562 |  |  | 1,737 |  |  | 425 |  |  |  | 2,433 |
Short-term lease costs | 25,716 |  |  | 8,244 |  |  | 554 |  |  |  | 9,807 |
Finance lease costs: |  |  |  |  |  |  |  |
Amortization of ROU assets | 1,342 |  |  | 1,578 |  |  | 151 |  |  |  | 1,959 |
Interest on lease liabilities | 65 |  |  | 86 |  |  | 9 |  |  |  | 145 |
Total lease costs | $ | 46,977 |  |  | $ | 14,611 |  |  | $ | 1,805 |  |  |  | $ | 17,589 |
___________________ (1)Based on payments made by the Company to lessors for the right to use an underlying asset that vary because of changes in circumstances occurring after the commencement date, other than the passage of time, such as property taxes, operating and maintenance costs, which do not depend on an index or rate.
Schedule of Maturities of Company's Finance Leases | As of December 31, 2022, maturities of the Company’s lease liabilities were as follows:
| Operating Leases |  | Finance Leases
| (In thousands)
2023 | $ | 10,762 |  |  | $ | 1,078 |
2024 | 3,853 |  |  | 389 |
2025 | 2,344 |  |  | 330 |
2026 | 1,939 |  |  | 122 |
2027 | 1,975 |  |  | — |
Thereafter | 5,434 |  |  | — |
Total future lease payments | 26,307 |  |  | 1,919 |
Less: Imputed interest | 3,100 |  |  | 118 |
Present value of future lease payments | $ | 23,207 |  |  | $ | 1,801 |
Schedule of Maturities of Company's Operating Leases | As of December 31, 2022, maturities of the Company’s lease liabilities were as follows:
| Operating Leases |  | Finance Leases
| (In thousands)
2023 | $ | 10,762 |  |  | $ | 1,078 |
2024 | 3,853 |  |  | 389 |
2025 | 2,344 |  |  | 330 |
2026 | 1,939 |  |  | 122 |
2027 | 1,975 |  |  | — |
Thereafter | 5,434 |  |  | — |
Total future lease payments | 26,307 |  |  | 1,919 |
Less: Imputed interest | 3,100 |  |  | 118 |
Present value of future lease payments | $ | 23,207 |  |  | $ | 1,801 |
Schedule of Supplemental Balance Sheet Information Related to Company's Leases | Supplemental balance sheet information related to the Company’s leases were as follows:
|  | Balance Sheet Location |  | December 31, 2022 |  | December 31, 2021
|  |  |  | (In thousands)
Assets |  |  |  |  |  |
Operating lease assets(1) |  | Operating right-of-use assets |  | $ | 23,875 |  |  | $ | 15,782 |
Finance lease assets(2)(3) |  | Other assets |  | 1,803 |  |  | 1,124 |
Total lease assets |  |  |  | $ | 25,678 |  |  | $ | 16,906 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating lease liabilities(1) |  | Current operating lease liabilities |  | $ | 9,941 |  |  | $ | 7,893 |
Finance lease liabilities(3) |  | Other current liabilities |  | 1,012 |  |  | 1,008 |
Long-term |  |  |  |  |  |
Operating lease liabilities(1) |  | Operating lease liabilities |  | 13,266 |  |  | 6,724 |
Finance lease liabilities(3) |  | Other liabilities |  | 789 |  |  | 180 |
Total lease liabilities |  |  |  | $ | 25,008 |  |  | $ | 15,805 |
___________________ (1)The Company acquired certain operating leases for office buildings and operating equipment in connection with the Merger. As of December 31, 2022, these included operating lease assets of $14.5 million, current operating lease liabilities of $2.5 million and long-term operating lease liabilities of $11.9 million. In connection with the 2021 Williston Basin Acquisition, the Company acquired certain operating leases for generators and compressors. As of December 31, 2021, these included operating lease assets of $11.0 million, current operating lease liabilities of $6.7 million and long-term operating lease liabilities of $4.5 million. (2)Finance lease ROU assets are recorded net of accumulated amortization of $1.6 million as of December 31, 2022 and $0.9 million as of December 31, 2021. (3)The Company acquired certain finance leases for vehicles in connection with the Merger. As of December 31, 2022, these included finance lease assets of $1.4 million, current finance lease liabilities of $0.8 million and long-term finance lease liabilities of $0.6 million.
Schedule of Supplemental Cash Flow Information and Non-cash Transactions | Supplemental cash flow information and non-cash transactions related to the Company’s leases were as follows (in thousands):
| Successor |  |  | Predecessor
| Year Ended December 31, |  | Period from November 20, 2020 through December 31, 2020 |  |  | Period from January 1, 2020 through November 19, 2020
| 2022 |  | 2021 |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 15,843 |  |  | $ | 3,420 |  |  | $ | 1,992 |  |  |  | $ | 6,624 |
Operating cash flows from finance leases | 57 |  |  | 62 |  |  | 9 |  |  |  | 145 |
Financing cash flows from finance leases | 1,299 |  |  | 1,161 |  |  | 202 |  |  |  | 1,989 |
ROU assets obtained in exchange for lease obligations |  |  |  |  |  |  |  |
Operating leases(1) | $ | 20,164 |  |  | $ | 14,140 |  |  | $ | — |  |  |  | $ | 797 |
Finance leases(2) | 2,659 |  |  | 127 |  |  | — |  |  |  | 24 |
Reductions to ROU assets resulting from reductions to lease obligations |  |  |  |  |  |  |  |
Operating leases(3) | $ | — |  |  | $ | — |  |  | $ | (6,255) |  |  |  | $ | — |
___________________ (1)The year ended December 31, 2022 includes $15.8 million related to operating leases acquired in the Merger. The year ended December 31, 2021 includes $12.3 million related to operating leases acquired in the 2021 Williston Basin Acquisition. (2)The year ended December 31, 2022 includes $2.1 million related to finance leases acquired in the Merger. (3)The period from November 20, 2020 through December 31, 2020 includes amounts added to or reduced from the carrying amount of ROU assets resulting from lease modifications and remeasurements in connection with the Company’s emergence from bankruptcy.
Schedule of Weighted-average Lease Terms and Discount Rates for the Company's Leases | Weighted-average remaining lease terms and discount rates for the Company’s leases were as follows:
| December 31,
| 2022 |  | 2021
Operating Leases |  |  |
Weighted average remaining lease term | 4.6 years |  | 1.9 years
Weighted average discount rate | 4.9 | % |  | 3.4 | %
Finance Leases |  |  |
Weighted average remaining lease term | 2.3 years |  | 1.1 years
Weighted average discount rate | 5.4 | % |  | 3.5 | %

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