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Fair Value (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables summarize the carrying amounts, fair values and fair value measurements recorded or disclosed as of December 31, 2019 and March 31, 2020 based on the three levels established by ASC 820, Fair Value Measurements and Disclosures (in thousands):
 
 
December 31, 2019
Assets (Liabilities)
 
 
 
 
 
Fair Value Measurements using:
 
Carrying Amount
 
Fair Value
 
Quoted Prices  in Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Commodity derivatives contracts
 
$
(10,222
)
 
$
(10,222
)
 
$
(10,222
)
 
$

 
$

Basis derivative agreement
 
$
(17,304
)
 
$
(17,304
)
 
$

 
$
(17,304
)
 
 
Long-term receivables
 
$
20,782

 
$
20,782

 
$

 
$

 
$
20,782

Guarantees and contractual obligations
 
$
(408
)
 
$
(408
)
 
$

 
$

 
$
(408
)
Debt
 
$
(4,706,075
)
 
$
(5,192,685
)
 
$

 
$
(5,192,685
)
 
$


 
 
March 31, 2020
Assets (Liabilities)
 
 
 
 
 
Fair Value Measurements using:
 
Carrying Amount
 
Fair Value
 
Quoted Prices in Active Markets
for Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Commodity derivatives contracts
 
$
64,953

 
$
64,953

 
$
64,953

 
$

 
$

Interest rate contracts
 
$
(11,914
)
 
$
(11,914
)
 
$

 
$
(11,914
)
 
$

Basis derivative agreement
 
$
(18,476
)
 
$
(18,476
)
 
$

 
$
(18,476
)
 
$

Long-term receivables
 
$
21,406

 
$
21,406

 
$

 
$

 
$
21,406

Guarantees and contractual obligations
 
$
(11,320
)
 
$
(11,320
)
 
$

 
$

 
$
(11,320
)
Debt
 
$
(4,706,386
)
 
$
(4,365,238
)
 
$

 
$
(4,365,238
)
 
$