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RELATED PARTY TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Schedule of related party transactions
During the year ended December 31, 2019 and 2018, the Company was engaged in the following transactions with certain related parties:  
 
 
 
 
As of December 31,
Related Party
 
Transactions
 
2019
 
2018
 
 
 
 
(In thousands)
Directors and Officers:
 
 
 
 

 
 

Värde Partners, Inc. (1)
 
The Company acquired oil and natural gas interests from VPD, an affiliate of Värde
 
$
—

 
$
10,705

 
 
Receivable balance outstanding for operating costs associated with VPD's producing wells
 
—

 
1,843

 
 
ImPetro Operating, LLC, a wholly-owned subsidiary of the Company is the operator for two of VPD's producing wells and VPD reimbursed the Company for operating charges
 
—

 
44

 
 
Revenue payable balance due as of December 31, 2019 for revenue associated with VPD's producing wells
 
(157
)
 
—

 
 
Payable to WLR for net proportionate share of production
 
(161
)
 
—

 
 
Payable to WLWI for net proportionate share of production
 
(526
)
 
 
 
 
Asset disposition accounted for as a financing arrangement
 
(36,833
)
 
—

 
 
Total:
 
$
(37,677
)
 
$
12,592

(1) Värde was the lead lender in the Company’s Second Lien Term Loan (see Note 11 - Long-Term Debt), is a major stockholder of the Company, and also participated in various transactions in 2018 and 2019 (which such transactions included the issuance of preferred stock to Värde Parties) (see Note 15 - Preferred Stock).