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Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Summarized Information Related to Restricted Stock and Restricted Units

The following table summarizes information related to RSAs held by non-employee directors of the Company:

			Shares						Weighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2021			64,920						$	41.37
Granted			—						—
Vested			(64,920)						41.37
Forfeited			—						—
Non-vested shares outstanding December 31, 2022			—						$	—

The following table summarizes information related to RSUs held by employees and non-employee directors of the Company:

			Shares						Weighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2021			512,806						$	62.66
Granted			76,472						144.16
Merger impacts(1)			335,386						109.30
Vested			(475,409)						85.29
Forfeited			(27,672)						74.66
Non-vested shares outstanding December 31, 2022			421,583						$	88.26

__________________ 

(1)     Represents awards assumed on July 1, 2022 in connection with the Merger.

Schedule of Summarized Information Related to Performance Share Units

The following table summarizes information related to PSUs held by employees of the Company:

			Shares						Weighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2021			183,915						$	63.95
Granted			—						—
Merger impacts(1)			341,411						100.52
Vested			(152,185)						76.42
Forfeited			—						—
Non-vested shares outstanding December 31, 2022			373,141						$	92.53

___________________ 

(1)Includes 275,310 awards assumed on July 1, 2022 in connection with the Merger and an incremental 66,101 legacy Oasis PSU awards that were earned based upon the achievement of the performance criteria described above.

Schedule of Nonvested Leveraged Stock Units Activity

The following table summarizes information related to LSUs held by employees of the Company:

			Shares						Weighted Average Grant Date Fair Value per Share
Non-vested shares outstanding December 31, 2021			262,406						$	78.79
Granted			—						—
Merger impacts(1)			524,812						78.79
Vested			(290,181)						68.86
Forfeited			—						—
Non-vested shares outstanding December 31, 2022			497,037						$	84.59

__________________ 

(1)Represents legacy Oasis awards that were earned as result of the Merger. Upon completion of the Merger, there were 787,218 LSUs outstanding.

Schedule of Assumptions

The following table summarizes the assumptions used in the Monte Carlo simulation model to determine the grant date fair value and associated equity-based compensation expenses by grant date:

Grant date			January 18, 2021						February 11, 2021						April 13, 2021
Forecast period (years)			3 - 4						3 - 4						3 - 4
Risk-free interest rates			0.2% - 0.3%						0.2% - 0.3%						0.3% - 0.6%
Implied equity volatility			55% - 60%						55% - 60%						45% - 50%
Stock price on date of grant			$44.41						$49.66						$68.07

The following assumptions were used for the Monte Carlo model to determine the grant date fair value and associated equity-based compensation expense of the PSUs granted during the periods presented (Predecessor):

			2020
Forecast period (years)			2 - 4
Risk-free interest rates			1.53% - 1.55%
Oasis stock price volatility			68.56%
Oasis initial value			$3.19
Oasis stock price on date of grant			$2.77

Schedule of Summarized Information Related to Phantom Units

The following table summarizes information related to phantom unit awards held by employees of the Company:

			Phantom Unit Awards						Weighted Average Grant Date Fair Value per Share
Non-vested phantom unit awards outstanding December 31, 2021			15,780						$	127.91
Granted			7,504						144.74
Vested			(13,551)						132.43
Forfeited			(1,865)						129.00
Non-vested phantom unit awards outstanding December 31, 2022			7,868						$	135.91

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Schedule of Nonvested Leveraged Stock Units Activity

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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