Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Components of Lease Expense and Supplemental Cash Flow Information

The components of our total lease expense for 2020 and 2019 are as follows:

	Successor		Predecessor
In thousands	Month Ended December 31, 2020		Eleven Months Ended November 30, 2020		Year ended December 31, 2019
Operating Leases	$	—	$	45	$	273
Short-term leases(1)	246		2,665		2,766
Total lease expense	$	246	$	2,710	$	3,039
Short-term lease costs capitalized to oil and gas properties(2)	$	9	$	4,704	$	11,747

(1) Short-term leases represent expenses related to leases with a contract term of one year or less. The majority of these leases relate to field operating equipment and are included in lease operating expense and gas gathering, processing and transportation expense on the consolidated statement of operations.

(2) Short-term lease costs represent leases with a contract term of one year or less, the majority of which are related to drilling rigs and are capitalized as part of Oil and Gas Properties on the consolidated balance sheets.

Supplemental cash flow information related to leases follows:

	Successor		Predecessor
In thousands	Month Ended December 31, 2020		Eleven Months Ended November 30, 2020		Year ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	—	$	45	$	273
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	—	$	45	$	273

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases follows:

	Successor		Predecessor
In thousands, except lease term and discount rate data	December 31, 2020		December 31, 2019
Operating leases
Assets
Other property and equipment	$	—	$	45
Liabilities
Accrued liabilities	$	—	$	45
Weighted-average remaining lease term (years)	—		0.2
Weighted-average discount rate	—		5.0		%