Goodwill	3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Goodwill represents the excess of the purchase price of assets acquired over the fair value of those assets. The fair value of Goodwill is classified as a Level 3 measurement according to the fair value hierarchy defined by ASC 820. Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances dictate that the carrying value of goodwill may not be recoverable. Such test includes an assessment of qualitative and quantitative factors. If the results of such tests are such that the fair value of the reporting unit is less than the carrying value, goodwill is then reduced by an amount that is equal to the amount by which the carrying value exceeds the fair value. A future cash flow analysis of the Midland properties, to which the Goodwill was associated, was performed based on commodity price futures as of March 31, 2020. The resulting fair value was lower than the net book value of the associated properties. Additionally, the Company’s enterprise value, calculated as the combined market capitalization of the Company’s equity and the fair value of the Company’s long-term debt, was lower than the fair value of the assets, without allocating between the Company's two major properties, Midland properties and Eagle Ford properties. Accordingly, the entire balance of Goodwill was impaired. As such, the Company recorded a $17.6 million non-cash impairment charge during the three months ended March 31, 2020. The Company did not have any non-cash impairment charges to its goodwill for the three months ended March 31, 2019. Accumulated impairments to Goodwill as of March 31, 2020 and December 31, 2019 were $36.7 million and $19.1 million, respectively.

Goodwill

Goodwill represents the excess of the purchase price of assets acquired over the fair value of those assets. The fair value of Goodwill is classified as a Level 3 measurement according to the fair value hierarchy defined by ASC 820. Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances dictate that the carrying value of goodwill may not be recoverable. Such test includes an assessment of qualitative and quantitative factors. If the results of such tests are such that the fair value of the reporting unit is less than the carrying value, goodwill is then reduced by an amount that is equal to the amount by which the carrying value exceeds the fair value.

A future cash flow analysis of the Midland properties, to which the Goodwill was associated, was performed based on commodity price futures as of March 31, 2020. The resulting fair value was lower than the net book value of the associated properties. Additionally, the Company’s enterprise value, calculated as the combined market capitalization of the Company’s equity and the fair value of the Company’s long-term debt, was lower than the fair value of the assets, without allocating between the Company's two major properties, Midland properties and Eagle Ford properties. Accordingly, the entire balance of Goodwill was impaired.

As such, the Company recorded a $17.6 million non-cash impairment charge during the three months ended March 31, 2020. The Company did not have any non-cash impairment charges to its goodwill for the three months ended March 31, 2019.

Accumulated impairments to Goodwill as of March 31, 2020 and December 31, 2019 were $36.7 million and $19.1 million, respectively.