Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Purchase Price Allocation

The following table summarizes the consideration paid for the Company’s acquisition and the fair value of the assets acquired and liabilities assumed as of the acquisition date.

	Predecessor
	At February 14, 2018
	(In thousands)
Consideration paid to Forge Energy:
Cash	$	549,770
Common stock: 46,000,000 shares issued	371,220
	$	920,990
Recognized amounts of identifiable assets acquired and liabilities assumed:
Proved developed properties	$	110,325
Proved undeveloped properties	166,552
Unproved lease acquisition costs	645,068
Inventory	293
Intangible assets	1,000
Asset retirement obligations	(2,248)
	$	920,990

Business Acquisition, Pro Forma Information

Summarized below are the consolidated results of operations for the year ended December 31, 2018, on an unaudited pro forma basis, as if the acquisition and related financing had occurred on January 1, 2017. The unaudited pro forma financial information was derived from the historical consolidated statements of operations of the Company and the statement of revenues and direct operating expenses for the 2018 Permian Acquisition properties, which were derived from the historical accounting records of Forge Energy. The unaudited pro forma financial information does not purport to be indicative of results of operations that would have occurred had the acquisition and related financing occurred on the basis assumed above, nor is such information indicative of the Company’s expected future results of operations.

	Predecessor
	Year Ended December 31, 2018
	(In thousands, except per share data)
	Unaudited
Revenues	$	2,327,476
Net loss attributable to Oasis	(30,754)
Net loss attributable to Oasis per share — basic and diluted	(0.10)