XML 54 R33.htm IDEA: XBRL DOCUMENT v3.24.0.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow and non-cash information (in thousands)

			Successor																					Predecessor
			Year Ended December 31, 2023						Year Ended December 31, 2022						Period from May 18, 2021 through December 31, 2021									Period from January 1, 2021 through May 17, 2021
Supplemental disclosure of cash flow information:
Cash paid for reorganization items, net			$	—					$	—					$	85,706								$	87,199
Interest payments, net of amounts capitalized			57,967						57,685						33,295									7,272
Income tax receipts			—						—						(9,381)									—
Changes in operating assets and liabilities, net:
Accounts receivable - oil, natural gas, and natural gas liquids sales			155,925						(45,550)						(52,143)									(60,832)
Accounts receivable - joint interest and other			(743)						(1,095)						(5,178)									(3,005)
Accounts payable and accrued liabilities			(126,329)						59,879						(72,912)									79,193
Prepaid expenses			(215)						4,863						13,559									135,471
Other assets			63						1,330						3,630									3,067
Total changes in operating assets and liabilities, net			$	28,701					$	19,427					$	(113,044)								$	153,894
Supplemental disclosure of non-cash transactions:
Capitalized stock-based compensation			$	4,046					$	2,948					$	1,101								$	930
Asset retirement obligation capitalized			588						2,169						7,964									546
Asset retirement obligation removed due to divestiture and settlements			(1,267)						(7)						—									—
Asset retirement obligation revisions			(5,077)						2,072						7,762									—
Release of Common Stock held in reserve			—						28,220						23,893									—
Foreign currency translation gain on equity method investments			—						—						—									2,570

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of the following (in thousands):

			Successor
			December 31, 2023						December 31, 2022
Revenue payable and suspense			$	148,598					$	222,991
Accounts payable			43,517						37,807
Accrued capital expenditures			38,322						36,464
Accrued transportation, gathering, processing, and compression			32,849						56,138
Accrued contract rejection damages and shares held in reserve			1,996						40,996
Other accrued liabilities			44,250						42,988
Total accounts payable and accrued liabilities			$	309,532					$	437,384

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration