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Nature of operations and summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Components of accounts receivable
Accounts receivable consisted of the following:
 
 
December 31,
2019
 
December 31,
2018
Joint interests
 
$
16,664

 
$
31,573

Accrued commodity sales
 
30,819

 
30,287

Derivative settlements
 
717

 
2,092

Other
 
2,544

 
3,375

Allowance for doubtful accounts
 
(1,097
)
 
(1,240
)
 
 
$
49,647

 
$
66,087

Components of inventory
Inventories consisted of the following:
 
 
December 31,
2019
 
December 31,
2018
Equipment inventory
 
$
3,435

 
$
3,663

Commodities
 
474

 
574

Inventory valuation allowance
 
(179
)
 
(178
)
 
 
$
3,730

 
$
4,059

Adjustments to oil and natural gas properties
We recorded ceiling adjustments to the oil and natural gas properties, for the periods disclosed below. The loss is reflected in “Impairment of oil and gas assets” in our consolidated statements of operations.
 
 
Successor
 
 
Predecessor
 
 
 
 
 
 
Period from
 
 
Period from
 
 
 
 
 
 
March 22, 2017
 
 
January 1, 2017
 
 
For the Year Ended December 31,
 
through
 
 
through
 
 
2019
 
2018
 
December 31, 2017
 
 
March 21, 2017
Ceiling test impairment
 
$
430,695

 
$
20,065

 
$
42,146

 
 
$

Components of other expense
Other expense consisted of the following:
 
 
Successor
 
 
 
 
 
 
Period from
 
 
 
 
 
 
March 22, 2017
 
 
For the Year Ended December 31,
 
through
 
 
2019
 
2018
 
December 31, 2017
Restructuring
 
$

 
$
425

 
$
3,531

Subleases
 
1,075

 
1,611

 
197

Total other expense
 
$
1,075

 
$
2,036

 
$
3,728

Components of cost reduction initiatives expense
The expense consists of costs for one-time severance and termination benefits in connection with our reductions in force and third party legal and professional services we have engaged to assist in our cost savings initiatives as follows:
 
 
Successor
 
 
Predecessor
 
 
 
 
Period from
 
 
Period from
 
 
For the Year
 
March 22, 2017
 
 
January 1, 2017
 
 
 Ended December 31,
 
through
 
 
through
 
 
2018
 
December 31, 2017
 
 
March 21, 2017
One-time severance and termination benefits
 
$
1,034

 
$
678

 
 
$
608

Professional fees
 
$

 
13

 
 
21

Total cost reduction initiatives expense
 
$
1,034

 
$
691

 
 
$
629