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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Schedule of Cash and Cash Equivalents | The following table provides a reconciliation of cash and restricted cash presented on our balance sheets to amounts shown in the statements of cash flows:
| As of December 31,
| 2021 |  | 2020 |  | 2019
| (in thousands)
Cash and cash equivalents | $ | 128,578 |  |  | $ | 36,861 |  |  | $ | 19,894 |
Restricted cash – current | — |  |  | — |  |  | 3,932 |
Restricted cash – noncurrent | 6,539 |  |  | 4,559 |  |  | 3,595 |
Total cash, cash equivalents and restricted cash | $ | 135,117 |  |  | $ | 41,420 |  |  | $ | 27,421 |
Schedule of Restricted Cash and Restricted Cash Equivalents | The following table provides a reconciliation of cash and restricted cash presented on our balance sheets to amounts shown in the statements of cash flows:
| As of December 31,
| 2021 |  | 2020 |  | 2019
| (in thousands)
Cash and cash equivalents | $ | 128,578 |  |  | $ | 36,861 |  |  | $ | 19,894 |
Restricted cash – current | — |  |  | — |  |  | 3,932 |
Restricted cash – noncurrent | 6,539 |  |  | 4,559 |  |  | 3,595 |
Total cash, cash equivalents and restricted cash | $ | 135,117 |  |  | $ | 41,420 |  |  | $ | 27,421 |
Schedule of Redeemable Noncontrolling Interest | From the date of the Merger Transactions through December 31, 2021, we recorded adjustments to the value of our redeemable noncontrolling interests as shown below:
| Redeemable Noncontrolling Interest
| (in thousands)
Balance as of December 7, 2021 | $ | 2,353,977 |
Net loss attributable to redeemable noncontrolling interests | (58,761) |
Accrued OpCo distribution | (2,706) |
Equity-based compensation, net of withholding taxes | 16,412 |
Cancellation of OpCo Units associated with repurchase of treasury stock | 16,091 |
Balance as of December 31, 2021 | $ | 2,325,013 |
Schedule of Effects of Changes in Ownership | The following table discloses the effects on equity of changes in our ownership interest in our subsidiaries related to transactions with holders of noncontrolling interests:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
| (in thousands)
Net income (loss) attributable to Crescent Energy and its Predecessor | $ | (358,544) |  |  | $ | (118,649) |  |  | $ | 45,839 |
Transfers (to) from noncontrolling interest |  |  |  |  |
Decrease in Predecessor members’ equity related to the Independence Reorganization | — |  |  | (101,926) |  |  | — |
Increase in Predecessor members’ equity related to the December 2020 Exchange | — |  |  | 657,370 |  |  | — |
Increase in Predecessor members’ equity related to the April 2021 Exchange | 62,051 |  |  | — |  |  | — |
Net transfers (to) from noncontrolling interest | 62,051 |  |  | 555,444 |  |  | — |
Changes from net income (loss) attributable to Crescent Energy and its Predecessor and transfers (to) from noncontrolling interest | $ | (296,493) |  |  | $ | 436,795 |  |  | $ | 45,839 |
Schedules of Concentration of Risk by Revenue | The below purchasers represented greater than 10% of our revenues during the years ended December 31, 2021, 2020 and 2019:
| 2021 |  | 2020 |  | 2019
SN EF Maverick, LLC | * |  | 15.5 | % |  | 20.0 | %
Eighty Eight Oil | * |  | 11.7 | % |  | *
Shell Trading US Company | 18.3 | % |  | 10.4 | % |  | *
Cokinos Energy Corporation | * |  | * |  | 18.1 | %
BP Products North America | * |  | * |  | 13.1 | %
*Purchaser did not account for greater than 10% of revenue for the year
Schedule of Supplemental Cash Flow | The following are our supplemental cash flow disclosures for the years ended December 31, 2021, 2020 and 2019:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
| (in thousands)
Supplemental cash flow disclosures: |  |  |  |  |
Interest paid, net of amounts capitalized | $ | 35,055 |  |  | $ | 33,902 |  |  | $ | 49,397 |
Income taxes paid | 562 |  |  | 14 |  |  | 28 |
Non-cash investing and financing activities: |  |  |  |  |
Capital expenditures included in accounts payable and accrued liabilities | 47,173 |  |  | 12,267 |  |  | 28,305 |
Equity consideration for acquisitions, net of cash acquired | 647,579 |  |  | 454,599 |  |  | — |
Right-of-use assets obtained in exchange for leases | 8,573 |  |  | — |  |  | — |
April 2021 Exchange and December 2020 Exchange | 62,051 |  |  | 657,370 |  |  | — |
Noncontrolling Interest Carve-out | (121,872) |  |  | — |  |  | — |
Capitalized non-cash equity-based compensation | 3,373 |  |  | — |  |  | — |

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