Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Lease Assets and Liabilities

The table below reflects our operating lease right-of-use assets and operating lease liabilities, which primarily consist of our office leases:

	Successor
In thousands	December 31, 2021		December 31, 2020
Operating leases
Operating lease right-of-use assets	$	19,502	$	20,342
Operating lease liabilities – current	$	4,677	$	1,350
Operating lease liabilities – long-term	17,094		19,460
Total operating lease liabilities	$	21,771	$	20,810

Schedule of Weighted Average Lease Terms and Discount Rates

The following weighted average remaining lease terms and discount rates related to our outstanding operating leases:

	Successor
	December 31, 2021		December 31, 2020
Weighted average remaining lease term	5.2 years		6.3 years
Weighted average discount rate	5.4	%	5.6	%

Schedule of Lease Costs

The following table summarizes the components of lease costs and sublease income:

		Successor				Predecessor
		Year Ended Dec. 31, 2021		Period from Sept. 19, 2020 through Dec. 31, 2020		Period from Jan. 1, 2020 through Sept. 18, 2020		Year Ended Dec. 31, 2019
In thousands	Income Statement
Operating lease cost	General and administrative expenses	$	4,102	$	872	$	5,683	$	8,924
	Lease operating expenses	655		158		214		58
	CO2 operating and discovery expenses	50		14		37		5
		$	4,807	$	1,044	$	5,934	$	8,987
Finance lease cost
Amortization of right-of-use assets	Depletion, depreciation, and amortization	$	—	$	3	$	9	$	1,188
Interest on lease liabilities	Interest expense	—		1		3		40
Total finance lease cost		$	—	$	4	$	12	$	1,228
Variable lease cost		$	670	$	258	$	3,688	$	4,852
Sublease income	General and administrative expenses	$	—	$	100	$	2,584	$	4,127

Supplemental Cash Flow Information Related to Leases

Our statement of cash flows included the following activity related to our operating and finance leases:

	Successor				Predecessor
	Year Ended Dec. 31, 2021		Period from Sept. 19, 2020 through Dec. 31, 2020		Period from Jan. 1, 2020 through Sept. 18, 2020		Year Ended Dec. 31, 2019
In thousands
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	2,830	$	341	$	7,341	$	10,995
Operating cash flows from interest on finance leases	—		1		3		40
Financing cash flows from finance leases	—		78		10		1,275
Right-of-use assets obtained in exchange for lease obligations
Operating leases	2,683		19,902		1,049		415
Finance leases	—		—		162		—

Schedule of Maturities of Operating Lease Liabilities

The following table summarizes by year the maturities of our lease liabilities as of December 31, 2021:

	Operating
In thousands	Leases
2022	$	5,705
2023	4,712
2024	4,138
2025	4,177
2026	4,203
Thereafter	2,326
Total minimum lease payments	25,261
Less: Amount representing interest	(3,490)
Present value of minimum lease liabilities	$	21,771