XML 49 R35.htm IDEA: XBRL DOCUMENT v3.23.1
Discontinued Operations (Tables)
3 Months Ended
Mar. 31, 2023
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 period presented:
Three Months Ended March 31, 2022
(In thousands)
Revenues
Purchased oil and gas sales(1)
$(13,364)
Midstream revenues23,271 
Total revenues9,907 
Operating expenses
Lease operating expenses(1)
(4,535)
Midstream expenses13,224 
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 assets518,900 
Operating income532,865 
Other expense
Interest expense, net of capitalized interest(3,685)
Other expense(93)
Total other expense(3,778)
Income from discontinued operations before income taxes529,087 
Income tax expense(41,222)
Income from discontinued operations, net of income tax487,865 
Net income attributable to non-controlling interests2,311 
Income from discontinued operations attributable to Chord, net of income tax
$485,554 
__________________ 
(1)Includes discontinued intercompany eliminations.