Reorganizations (Details) - USD ($) $ in Thousands	Sep. 03, 2020	Sep. 01, 2020
Enterprise value		$ 559,205
Enterprise value of Unit interests		317,005
Reorganization value of Successor assets		726,343
Oil and Natural Gas
Reorganization Value, Methodology and Assumptions	Our oil and natural gas properties are accounted for under the full cost accounting method. We determined the fair value of our oil and gas properties based on the anticipated cash flows associated with our proved reserves and discounted those cash flows using a weighted average cost of capital rate of 13.5%. The discount rate is commonly based on empirical studies of investment rates of return of publicly traded equity securities with investment return and risk characteristics similar to the subject company, which follows a market-based approach. Weighted average commodity prices used in determining the fair value of oil and natural gas properties were $48.98 per barrel of oil, $2.68 per million cubic feet of natural gas and $18.51 per barrel of oil equivalent of natural gas liquids. Base pricing was derived from an average of forward strip prices. Our unproved acreage was determined to have no value due to the capital constraints contained in our debt agreement along with our plans to not drill in our proved reserves cash flows. Our salt water disposal assets were included in the cash flows of the proved reserves forecast, therefore, those values are included in the total value of our proved properties.
Drilling Equipment
Reorganization Value, Methodology and Assumptions	The value of our drilling rigs in operation (approximately $37.0 million) was estimated using an income-based approach using discounted free cash flows over the remaining useful lives of the drilling rigs. Anticipated cash flows associated with operating drilling rigs were discounted using a weighted average cost of capital rate of 13.8% for five years with a terminal value at the conclusion of the forecast period. The fair value of our non-operating drilling rigs, and other related drilling equipment (approximately $26.5 million), was valued using a market-based approach with varying ranges of economic obsolescence rates to adjust for the impact of the oil and gas downturn.
Land and Building
Reorganization Value, Methodology and Assumptions	Our corporate headquarters building in Tulsa, Oklahoma was completed in May 2016 and resides on approximately 30 acres. To determine its fair value, we used a market-based approach based on comparable tenant rates in our area.
Other Property
Reorganization Value, Methodology and Assumptions	Gas gathering and processing equipment, transportation equipment and other equipment was valued using a market-based approach estimating what a market participant would pay for similar equipment in an orderly transaction. We used varying ranges of economic obsolescence rates depending on the underlying asset group. For pipelines and right-of-ways, we used a value per acre based on the location of the asset and estimated an average value of $129 per rod. We then applied an economic obsolescence rate of approximately 64% to determine the ultimate fair value.
Minimum
Enterprise value		270,000
Maximum
Enterprise value		380,000
Median
Enterprise value		$ 325,000