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REVENUE (Tables)
9 Months Ended
Sep. 30, 2019
REVENUE [Abstract]  
Schedule of Revenue Disaggregated by Product and Service

The following table disaggregates revenue by significant product and service type:

 

 

 

 

 

 

 

 

    

Successor

 

 

Three Months

 

Three Months

 

 

Ended

 

Ended

 

 

September 30, 2019

 

September 30, 2018

Oil

 

$

7,856

 

$

23,254

Natural gas (1)

 

 

11,713

 

 

26,494

Natural gas liquids (1)

 

 

3,301

 

 

18,659

Oil, natural gas and natural gas liquids revenues

 

 

22,870

 

 

68,407

Transportation and marketing–related revenues

 

 

379

 

 

559

Total revenues

 

$

23,249

 

$

68,966

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

 

Predecessor

 

    

Nine Months

    

Four Months

  

  

Five Months

 

 

Ended

 

Ended

 

 

Ended

 

 

September 30, 2019

 

September 30, 2018

 

 

May 31, 2018

Oil

 

$

25,365

 

$

30,415

 

 

$

42,460

Natural gas (1)

 

 

52,055

 

 

35,158

 

 

 

40,951

Natural gas liquids (1)

 

 

18,865

 

 

24,369

 

 

 

26,896

Oil, natural gas and natural gas liquids revenues

 

 

96,285

 

 

89,942

 

 

 

110,307

Transportation and marketing–related revenues

 

 

1,397

 

 

744

 

 

 

724

Total revenues

 

$

97,682

 

$

90,686

 

 

$

111,031


(1)

The Company recognizes wet gas revenues, which are recorded net of transportation, gathering and processing expenses, partially as natural gas revenues and partially as natural gas liquids revenues based on the end products after processing occurs. For the Successor period of the three months ended September 30, 2019, wet gas revenues were $0.3 million which were recognized as natural gas liquids revenues. For the Successor period of the nine months ended September 30, 2019, wet gas revenues were $4.1 million which were recognized as $1.5 million of natural gas revenues and $2.6 million of natural gas liquids revenues. For the Successor period of the three months ended September 30, 2018, wet gas revenues were $5.9 million which were recognized as $2.0 million of natural gas revenues and $3.9 million of natural gas liquids revenues. For the Successor period of the four months ended September 30, 2018, wet gas revenues were $7.4 million which were recognized as $2.5 million of natural gas revenues and $4.9 million of natural gas liquids revenues. For the Predecessor period of the five months ended May 31, 2018, wet gas revenues were $8.4 million which were recognized as $3.2 million of natural gas revenues and $5.2 million of natural gas liquids revenues.