Leases (Tables)

12 Months Ended

Dec. 31, 2022

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:

In thousands	December 31, 2022		December 31, 2021
Operating leases
Operating lease right-of-use assets	$	18,017	$	19,502
Operating lease liabilities – current	$	4,676	$	4,677
Operating lease liabilities – long-term	15,431		17,094
Total operating lease liabilities	$	20,107	$	21,771

Schedule of Weighted Average Lease Terms and Discount Rates

The following table presents weighted average remaining lease terms and discount rates for our outstanding operating leases:

	December 31, 2022		December 31, 2021
Weighted average remaining lease term	4.5 years		5.2 years
Weighted average discount rate	5.7	%	5.4	%

Schedule of Lease Costs

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

		Successor						Predecessor
		Year Ended Dec. 31, 2022		Year Ended Dec. 31, 2021		Period from Sept. 19, 2020 through Dec. 31, 2020		Period from Jan. 1, 2020 through Sept. 18, 2020
In thousands	Income Statement
Operating lease cost	General and administrative expenses	$	5,532	$	4,102	$	872	$	5,683
	Lease operating expenses	178		655		158		214
	CO2 operating and discovery expenses	50		50		14		37
		$	5,760	$	4,807	$	1,044	$	5,934
Finance lease cost
Amortization of right-of-use assets	Depletion, depreciation, and amortization	$	—	$	—	$	3	$	9
Interest on lease liabilities	Interest expense	—		—		1		3
Total finance lease cost		$	—	$	—	$	4	$	12
Variable lease cost		$	758	$	670	$	258	$	3,688
Sublease income	General and administrative expenses	$	—	$	—	$	100	$	2,584

Schedule of 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, 2022		Year Ended Dec. 31, 2021		Period from Sept. 19, 2020 through Dec. 31, 2020		Period from Jan. 1, 2020 through Sept. 18, 2020
In thousands
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	5,903	$	2,830	$	341	$	7,341
Operating cash flows from interest on finance leases	—		—		1		3
Financing cash flows from finance leases	—		—		78		10
Right-of-use assets obtained in exchange for lease obligations
Operating leases	2,270		2,683		19,902		1,049
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, 2022:

	Operating
In thousands	Leases
2023	$	5,702
2024	4,963
2025	4,974
2026	4,640
2027	1,786
Thereafter	1,023
Total minimum lease payments	23,088
Less: Amount representing interest	(2,981)
Present value of minimum lease liabilities	$	20,107