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RELATED PARTY TRANSACTIONS (Tables)
 3 Months Ended
Mar. 31, 2020
Related Party Transactions [Abstract]  
Schedule of related party transactions
March 31, 2020 and December 31, 2019, the Company was engaged in the following transactions with certain related parties:  
 
 
 
 
As of March 31,
 
As of December 31,
Related Party
 
Transactions
 
2020
 
2019
 
 
 
 
(In thousands)
Värde Partners, Inc. (1)
 
Payable due for revenue associated with VPD's net proportionate share of production revenue
 
$
—

 
$
(157
)
 
 
Receivable balance outstanding for operating costs in excess of production revenue associated with VPD's proportionate share of producing wells
 
73

 
—

 
 
Payable to WLWI for net proportionate share of production revenue
 
(1,235
)
 
(526
)
 
 
Payable to WLR for net proportionate share of production revenue
 
(187
)
 
(161
)
 
 
Asset disposition to WLWI accounted for as a financing arrangement (see footnote 12)
 
(23,768
)
 
(23,768
)
 
 
Asset disposition to WLR accounted for as a financing arrangement (see footnote 12)
 
(13,060
)
 
(13,060
)
 
 
Total:
 
$
(38,177
)
 
$
(37,672
)
(1) Värde is a major stockholder of the Company, and as of April 21, 2020, became a lender under out Revolving Credit Agreement (see Note 11 - Indebtedness). Värde Parties are holders of preferred shares outstanding (see Note 14 - Preferred Stock).