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Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets Held for Sale The following table presents balance sheet data related to the assets held for sale:
June 30, 2023
(In thousands)
Assets:
Oil and gas properties$16,634 
Less: accumulated depreciation, depletion and amortization(6,244)
Total property, plant and equipment, net10,390 
Inventory336 
Total current assets held for sale$10,726 
Liabilities:
Assets retirement obligations$13,036 
Revenues and production taxes payable296 
Total current liabilities held for sale$13,332 
Net liabilities$(2,606)
The results of operations reported as discontinued operations in connection with the OMP Merger were as follows for the period presented:
Six Months Ended June 30, 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 
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(1)Includes discontinued intercompany eliminations.