FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2019

FAIR VALUE MEASUREMENTS

Schedule of fair value of the Company's financial assets and liabilities

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as of December 31, 2019 (Successor) and 2018 (Predecessor) (in thousands):

	Successor
	December 31, 2019
	Level 1		Level 2		Level 3		Total
Assets
Assets from derivative contracts	$	—	$	5,219	$	—	$	5,219
Liabilities
Liabilities from derivative contracts	$	—	$	12,923	$	—	$	12,923

	Predecessor
	December 31, 2018
	Level 1		Level 2		Level 3		Total
Assets
Assets from derivative contracts	$	—	$	69,717	$	—	$	69,717
Liabilities
Liabilities from derivative contracts	$	—	$	12,907	$	—	$	12,907

Schedule of the estimated fair values of the Company's fixed interest rate debt instruments

The following table presents the estimated fair values of the Company’s fixed interest rate, long‑term debt instruments as of December 31, 2019 (Successor) and 2018 (Predecessor) (excluding discounts, premiums and debt issuance costs) (in thousands):

	Successor				Predecessor
	December 31, 2019				December 31, 2018
	Principal		Estimated		Principal		Estimated
Debt	Amount		Fair Value		Amount		Fair Value
6.75% senior notes(1)	$	—	$	—	$	625,005	$	458,210