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LEASES (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of operating lease liability

Future amounts due under operating lease liabilities as of December 31, 2021 were as follows:

						(In thousands)
2022						$	187
2023						142
Total lease payments						329
Less: Imputed interest						(7)
Total lease liabilities						$	322

Schedule of lease cost

Lease costs incurred for the Successor Period, Predecessor Period, and the year ended December 31, 2020 consisted of the following (in thousands):

			Successor									Predecessor
			Period from May 18, 2021 through December 31, 2021									Period from January 1, 2021 through May 17, 2021						Year Ended December 31, 2020
Operating lease cost			$	48								$	41					$	9,658
Variable lease cost			3									—						586
Short-term lease cost			11,507									4,496						9,361
Total lease cost(1)			$	11,558								$	4,537					$	19,605

_____________________

(1)    The majority of the Company's total lease cost was capitalized to the full cost pool, and the remainder was included in either lease operating expenses or general and administrative expenses in the accompanying consolidated statements of operations.

Supplemental cash flow information for the Successor Period, Predecessor Period, and the year ended December 31, 2020 related to leases was as follows (in thousands):

			Successor									Predecessor
			Period from May 18, 2021 through December 31, 2021									Period from January 1, 2021 through May 17, 2021						Year Ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases			$	78								$	48					$	140
Investing cash flow from operating leases			—									—						10,272
Investing cash flow from operating leases - related party			—									—						6,800

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

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