REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

The table below shows the changes in our contract asset and contract liability balances during periods presented which are primarily associated with demand fees and the impact to gas gathering and processing revenues:

		Successor		Successor
	Classification on the Consolidated Balance Sheets	December 31, 2021		December 31, 2020		Change
		(In thousands)
Assets
Current contract assets	Prepaid expenses and other	$	174	$	6,084	$	(5,910)
Non-current contract assets	Other assets	—		173		(173)
Total contract assets		$	174	$	6,257	$	(6,083)
Liabilities
Current contract liabilities	Current portion of other long-term liabilities	$	1,588	$	2,583	$	(995)
Non-current contract liabilities	Other long-term liabilities	200		1,589		(1,389)
Total contract liabilities		1,788		4,172		(2,384)
Contract assets (liabilities), net		$	(1,614)	$	2,085	$	(3,699)

Revenue, Remaining Performance Obligation

Included below is the adjustment to demand fees from adopting ASC 606 over the remaining term of the contracts as of December 31, 2021.

Contract	Remaining Term of Contract	2022		2023 and beyond		Total Remaining Impact to Revenue
		(In thousands)
Demand fee contracts	1 - 10 months	$	1,374	$	—	$	1,374