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Discontinued Operations | 3 Months Ended
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Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations The OMP Merger qualified for reporting as a discontinued operation in accordance with ASC 205-20. There were no discontinued operations for the three months ended March 31, 2023. Condensed Consolidated Statement of Operations The results of operations reported as discontinued operations in connection with the OMP Merger were as follows for the period presented:
|  |  | Three Months Ended March 31, 2022 |  |
|  |  | (In thousands) |  |
Revenues |  |  |  |  |  |  |
Purchased oil and gas sales(1) |  |  | $ | (13,364) |  |  |  |  |
Midstream revenues |  |  | 23,271 |  |  |  |  |
Total revenues |  |  | 9,907 |  |  |  |  |
Operating expenses |  |  |  |  |  |  |
Lease operating expenses(1) |  |  | (4,535) |  |  |  |  |
Midstream expenses |  |  | 13,224 |  |  |  |  |
Gathering, processing and transportation expenses(1) |  |  | (3,555) |  |  |  |  |
Purchased oil and gas expenses(1) |  |  | (12,506) |  |  |  |  |
General and administrative expenses(1) |  |  | 3,314 |  |  |  |  |
Total operating expenses |  |  | (4,058) |  |  |  |  |
Gain on sale of assets |  |  | 518,900 |  |  |  |  |
Operating income |  |  | 532,865 |  |  |  |  |
Other expense |  |  |  |  |  |  |
Interest expense, net of capitalized interest |  |  | (3,685) |  |  |  |  |
Other expense |  |  | (93) |  |  |  |  |
Total other expense |  |  | (3,778) |  |  |  |  |
Income from discontinued operations before income taxes |  |  | 529,087 |  |  |  |  |
Income tax expense |  |  | (41,222) |  |  |  |  |
Income from discontinued operations, net of income tax |  |  | 487,865 |  |  |  |  |
Net income attributable to non-controlling interests |  |  | 2,311 |  |  |  |  |
Income from discontinued operations attributable to Chord, net of income tax |  |  | $ | 485,554 |  |  |  |  |
__________________ (1)Includes discontinued intercompany eliminations. Condensed Consolidated Statement of Cash Flows Depreciation, depletion and amortization attributable to discontinued operations in “Cash flows from operating activities” was immaterial for the three months ended March 31, 2022. Capital expenditures attributable to discontinued operations included in “Cash flows used in investing activities” was $6.1 million for the three months ended March 31, 2022. There were no significant non-cash activities from discontinued operations for the three months ended March 31, 2022.

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- References No definition available. + Details
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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
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