FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31, 2020 and December 31, 2019 (Successor) (in thousands):

	Successor
	March 31, 2020
	Level 1		Level 2		Level 3		Total
Assets
Assets from derivative contracts	$	—		109,119	$	—		109,119
Liabilities
Liabilities from derivative contracts	$	—		4,445	$	—		4,445

	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