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CHAPTER 11 PROCEEDINGS (Tables) | 3 Months Ended
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Mar. 31, 2021
Reorganizations [Abstract] |
Schedule of Liabilities Subject to Compromise | The following table summarizes the components of liabilities subject to compromise included on the Company's consolidated balance sheets as of March 31, 2021 and December 31, 2020:
|  | March 31, 2021 |  | December 31, 2020
|  | (in thousands)
Debt subject to compromise |  | $ | 2,003,004 |  |  | $ | 2,005,219 |
Accounts payable and accrued liabilities |  | 134,344 |  |  | 164,939 |
Asset retirement obligations |  | 64,854 |  |  | 63,566 |
Accrued interest on debt subject to compromise |  | 55,159 |  |  | 55,634 |
Other liabilities |  | 4,092 |  |  | 4,122 |
Liabilities subject to compromise |  | $ | 2,261,453 |  |  | $ | 2,293,480 |
Schedule of Reorganization Items | The following table summarizes the components in reorganization items, net included in the Company's consolidated statements of operations for the three months ended March 31, 2021:
|  | Three months ended March 31, 2021
|  | (in thousands)
Legal and professional fees |  | $ | 40,783 |
Adjustment to allowed claims |  | 2,088 |
Gain on settlement of pre-petition accounts payable |  | (4,150) |
Reorganization items, net |  | $ | 38,721 |

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