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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
1 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2020
Nov. 19, 2020
Dec. 31, 2022
Dec. 31, 2021
Revenues        
Total revenues $ 106,993 $ 845,457 $ 3,646,794 $ 1,579,926
Operating expenses        
Lease operating expenses 22,517 160,406 443,373 203,933
Gathering, processing and transportation expenses 13,198 117,884 141,644 122,614
Production taxes 5,938 45,439 229,571 76,835
Depreciation, depletion and amortization 13,789 271,002 369,659 126,436
General and administrative expenses 14,803 144,700 209,299 80,688
Litigation settlement 0 22,750 0 0
Total operating expenses 90,523 5,827,452 2,067,872 993,288
Gain on sale of assets, net 11 10,396 4,867 222,806
Operating income (loss) 16,481 (4,971,599) 1,583,789 809,444
Other income (expense)        
Net gain (loss) on derivative instruments (84,615) 233,565 (208,128) (589,641)
Net gain from investment in unconsolidated affiliate 0 0 34,366 0
Interest expense, net of capitalized interest (2,020) (141,836) (29,349) (30,806)
Gain on debt extinguishment 0 83,867 0 0
Reorganization items, net 0 665,916 0 0
Other income (expense) (401) 1,271 2,901 (1,010)
Total other income (expense), net (87,036) 842,783 (200,210) (621,457)
Income (loss) from continuing operations (70,555) (4,128,816) 1,383,579 187,987
Income tax benefit 3,447 262,962 46,884 973
Net income (loss) from continuing operations (67,108) (3,865,854) 1,430,463 188,960
Income from discontinued operations attributable to Chord, net of income tax 17,196 225,526 425,696 130,642
Net income (loss) attributable to Chord $ (49,912) $ (3,640,328) $ 1,856,159 $ 319,602
Earnings (loss) attributable to Chord per share:        
Basic from continuing operations (in usd per share) $ (3.36) $ (12.17) $ 46.90 $ 9.55
Basic from discontinued operations (in usd per share) 0.86 0.71 13.96 6.60
Basic (in dollars per share) (2.50) (11.46) 60.86 16.15
Diluted from continuing operations (in usd per share) (3.36) (12.17) 44.35 9.15
Diluted from discontinued operations (in usd per share) 0.86 0.71 13.20 6.33
Diluted (in usd per share) $ (2.50) $ (11.46) $ 57.55 $ 15.48
Weighted average shares outstanding:        
Weighted average common shares outstanding, basic (in shares) 19,991 317,644 30,497 19,792
Weighted average common shares outstanding, diluted (in shares) 19,991 317,644 32,251 20,648
Oil and Gas        
Revenues        
Total revenues $ 86,145 $ 601,510 $ 2,976,296 $ 1,200,256
Operating expenses        
Exploration and impairment 0 4,828,278 2,204 2,763
Rig termination 0 1,279 0 0
Purchased Oil and Gas        
Revenues        
Total revenues 20,633 237,111 670,174 378,983
Operating expenses        
Expenses 20,278 229,056 671,935 379,972
Other Services        
Revenues        
Total revenues 215 6,836 324 687
Operating expenses        
Expenses $ 0 $ 6,658 $ 187 $ 47