OPERATING REVENUES (Tables)

12 Months Ended

Dec. 31, 2019

OPERATING REVENUES

Schedule of disaggregation of revenues by major product

The following table disaggregates the Company’s revenues by major product, in order to depict how the nature, timing, and uncertainty of revenue and cash flows are affected by economic factors in the Company’s single basin operations, for the periods indicated (in thousands):

	Successor		Predecessor
	Period from		Period from
	October 2, 2019		January 1, 2019
	through		through		Years Ended December 31,
	December 31, 2019		October 1, 2019		2018		2017
Operating revenues:
Oil, natural gas and natural gas liquids sales:
Oil	$	58,325	$	145,024	$	199,601	$	340,674
Natural gas		1,719		107		6,791		16,194
Natural gas liquids		5,071		13,229		19,137		18,969
Total oil, natural gas and natural gas liquids sales		65,115		158,360		225,529		375,837
Other		467		743		1,080		2,128
Total operating revenues	$	65,582	$	159,103	$	226,609	$	377,965

⁽¹⁾ The Company adopted ASC 606, “Revenue from Contracts with Customers” effective January 1, 2018 (Predecessor) using the modified retrospective approach under which prior period amounts have not been adjusted.