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BASIS OF PRESENTATION (Tables) | 6 Months Ended
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Jun. 30, 2021
Accounting Policies [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The following tables present the effect of the correction on all affected line items of our previously issued consolidated statements of operations for the Prior Predecessor Quarter and the Prior Predecessor YTD Period.
| Three months ended June 30, 2020
| Predecessor
| As Reported |  | Adjustments |  | As Revised
| (In thousands)
Natural gas sales | $ | 86,797 |  |  | $ | 53,891 |  |  | $ | 140,688 |
Total Revenues | $ | 132,410 |  |  | $ | 53,891 |  |  | $ | 186,301 |
Transportation, gathering, processing and compression | $ | 59,974 |  |  | $ | 53,891 |  |  | $ | 113,865 |
Total Operating Expenses | $ | 688,160 |  |  | $ | 53,891 |  |  | $ | 742,051 |
| Six months ended June 30, 2020
| Predecessor
| As Reported |  | Adjustments |  | As Revised
| (In thousands)
Natural gas sales | $ | 195,344 |  |  | $ | 106,352 |  |  | $ | 301,696 |
Total Revenues | $ | 379,287 |  |  | $ | 106,352 |  |  | $ | 485,639 |
Transportation, gathering, processing and compression | $ | 117,870 |  |  | $ | 106,352 |  |  | $ | 224,222 |
Total Operating Expenses | $ | 1,415,124 |  |  | $ | 106,352 |  |  | $ | 1,521,476 |
Schedule of Accounts Payable and Accrued Liabilities | Accounts payable and accrued liabilities consisted of the following at June 30, 2021 and December 31, 2020:
| Successor |  |  | Predecessor
| June 30, 2021 |  |  | December 31, 2020
Accounts payable and other accrued liabilities | $ | 147,852 |  |  |  | $ | 120,275 |
Revenue payable and suspense | 127,954 |  |  |  | 124,628 |
Accrued contract rejection damages and shares held in reserve | 121,994 |  |  |  | — |
Total accounts payable and accrued liabilities | $ | 397,800 |  |  |  | $ | 244,903 |
Schedule of Cash Flow, Supplemental Disclosures | Supplemental Cash Flow and Non-Cash Information
| Successor |  |  | Predecessor
| Period from May 18, 2021 through June 30, 2021 |  |  | Period from January 1, 2021 through May 17, 2021 |  | Six Months Ended June 30, 2020
Supplemental disclosure of cash flow information: |  |  |  |  |  |
Cash paid for reorganization items, net | $ | 15,369 |  |  |  | $ | 87,199 |  |  | $ | — |
Interest payments | $ | 2,072 |  |  |  | $ | 7,272 |  |  | $ | 60,523 |
Changes in operating assets and liabilities: |  |  |  |  |  |
(Increase) decrease in accounts receivable - oil and natural gas sales | $ | 40,048 |  |  |  | $ | (60,832) |  |  | $ | 55,565 |
(Increase) decrease in accounts receivable - joint interest and other | $ | 4,510 |  |  |  | $ | (3,005) |  |  | $ | 29,159 |
Increase (decrease) in accounts payable and accrued liabilities | $ | (80,097) |  |  |  | $ | 79,193 |  |  | $ | (30,620) |
(Increase) decrease in prepaid expenses | $ | 681 |  |  |  | $ | 135,471 |  |  | $ | (5,744) |
(Increase) decrease in other assets | $ | 62 |  |  |  | $ | 3,067 |  |  | $ | 41 |
Total changes in operating assets and liabilities | $ | (34,796) |  |  |  | $ | 153,894 |  |  | $ | 48,401 |
Supplemental disclosure of non-cash transactions: |  |  |  |  |  |
Capitalized stock-based compensation | $ | — |  |  |  | $ | 930 |  |  | $ | 1,891 |
Asset retirement obligation capitalized | $ | 36 |  |  |  | $ | 546 |  |  | $ | 1,553 |
Asset retirement obligation removed due to divestiture | $ | — |  |  |  | $ | — |  |  | $ | (2,033) |
Interest capitalized | $ | — |  |  |  | $ | — |  |  | $ | 710 |
Fair value of contingent consideration asset on date of divestiture | $ | — |  |  |  | $ | — |  |  | $ | 23,090 |
Release of New Common Stock Held in Reserve | $ | 23,893 |  |  |  | $ | — |  |  | $ | — |
Foreign currency translation gain (loss) on equity method investments | $ | — |  |  |  | $ | 2,570 |  |  | $ | (8,158) |

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- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794 + Details
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