Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured on Recurring Basis

The following tables summarize the Company’s assets measured at fair value on a recurring basis by the fair value hierarchy (in thousands):

March 31, 2020

	Fair Value Measurements						Netting(1)		Assets/Liabilities at Fair Value
	Level 1		Level 2		Level 3
Assets
Commodity derivative contracts	$	—	$	6,253	$	—	—		$	6,253
	$	—	$	6,253	$	—	$	—	$	6,253

December 31, 2019

	Fair Value Measurements						Netting(1)		Assets/Liabilities at Fair Value
	Level 1		Level 2		Level 3
Assets
Commodity derivative contracts	$	—	$	114	$	—	$	—	$	114
	$	—	$	114	$	—	$	—	$	114

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(1) Represents the effect of netting assets and liabilities for counterparties with which the right of offset exists.