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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
1 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2020
Nov. 19, 2020
Dec. 31, 2021
Dec. 31, 2019
Revenues        
Total revenues $ 106,993 $ 845,457 $ 1,579,926 $ 1,930,797
Operating expenses        
Lease operating expenses 22,517 160,406 203,933 288,690
Gathering, processing and transportation expenses 13,198 117,884 122,614 174,026
Production taxes 5,938 45,439 76,835 112,592
Depreciation, depletion and amortization 13,789 271,002 126,436 771,640
Impairment 0 4,825,530 3 10,257
General and administrative expenses 14,803 144,700 80,688 128,595
Litigation settlement 0 22,750 0 20,000
Total operating expenses 90,523 5,827,452 993,288 2,016,517
Gain (loss) on sale of properties 11 10,396 222,806 (4,455)
Operating income (loss) 16,481 (4,971,599) 809,444 (90,175)
Other income (expense)        
Net gain (loss) on derivative instruments (84,615) 233,565 (589,641) (106,314)
Interest expense, net of capitalized interest (2,020) (141,836) (30,806) (159,287)
Gain on extinguishment of debt 0 83,867 0 4,312
Reorganization items, net 0 665,916 0 0
Other income (expense) (401) 1,271 (1,010) 569
Total other income (expense), net (87,036) 842,783 (621,457) (260,720)
Income (loss) from continuing operations (70,555) (4,128,816) 187,987 (350,895)
Income tax benefit 3,447 262,962 973 32,715
Net income (loss) from continuing operations (67,108) (3,865,854) 188,960 (318,180)
Income from discontinued operations attributable to Oasis, net of income tax 17,196 225,526 130,642 189,937
Net income (loss) attributable to Oasis $ (49,912) $ (3,640,328) $ 319,602 $ (128,243)
Earnings (loss) attributable to Oasis per share:        
Basic from continuing operations (in usd per share) $ (3.36) $ (12.17) $ 9.55 $ (1.01)
Basic from discontinued operations (in usd per share) 0.86 0.71 6.60 0.60
Basic (in dollars per share) (2.50) (11.46) 16.15 (0.41)
Diluted from continuing operations (in usd per share) (3.36) (12.17) 9.15 (1.01)
Diluted from discontinued operations (in usd per share) 0.86 0.71 6.33 0.60
Diluted (in dollars per share) $ (2.50) $ (11.46) $ 15.48 $ (0.41)
Weighted average shares outstanding:        
Basic (in shares) 19,991 317,644 19,792 315,002
Diluted (in shares) 19,991 317,644 20,648 315,002
Oil and gas        
Revenues        
Total revenues $ 86,145 $ 601,510 $ 1,200,256 $ 1,407,809
Operating expenses        
Exploration expenses 0 2,748 2,760 6,658
Rig termination 0 1,279 0 384
Purchased oil and gas        
Revenues        
Total revenues 20,633 237,111 378,983 481,014
Operating expenses        
Operating expenses 20,278 229,056 379,972 474,914
Other Services        
Revenues        
Total revenues 215 6,836 687 41,974
Operating expenses        
Operating expenses $ 0 $ 6,658 $ 47 $ 28,761