Quarterly report pursuant to Section 13 or 15(d)

CHAPTER 11 PROCEEDINGS (Tables)

v3.21.1
CHAPTER 11 PROCEEDINGS (Tables)
 3 Months Ended
Mar. 31, 2021
Reorganizations [Abstract]  
Schedule of Liabilities Subject to Compromise The following table summarizes the components of liabilities subject to compromise included on the Company's consolidated balance sheets as of March 31, 2021 and December 31, 2020:
March 31, 2021 December 31, 2020
(in thousands)
Debt subject to compromise $ 2,003,004  $ 2,005,219 
Accounts payable and accrued liabilities 134,344  164,939 
Asset retirement obligations 64,854  63,566 
Accrued interest on debt subject to compromise 55,159  55,634 
Other liabilities 4,092  4,122 
Liabilities subject to compromise $ 2,261,453  $ 2,293,480 
Schedule of Reorganization Items
The following table summarizes the components in reorganization items, net included in the Company's consolidated statements of operations for the three months ended March 31, 2021:

Three months ended March 31, 2021
(in thousands)
Legal and professional fees $ 40,783 
Adjustment to allowed claims 2,088 
Gain on settlement of pre-petition accounts payable (4,150)
Reorganization items, net $ 38,721