SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ESTIMATES (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of Accrued Liabilities

At September 30, 2020 and December 31, 2019, the Company’s accrued liabilities consisted of the following:

	September 30, 2020		December 31, 2019
	($ in thousands)
Accrued drilling, completion and facilities costs (1)	$	448	$	5,021
Drilling advances		1,228		1,328
Accrued production expenses (1)		718		3,326
Other accrued liabilities (1)		8,209		3,885
Short-term operating lease liabilities		171		412
	$	10,774	$	13,972

⁽¹⁾ Prepetition accrued liabilities are classified as liabilities subject to compromise on our condensed consolidated balance sheets (see below).

Schedule of Components Of Liabilities Subject to Compromise

The components of liabilities subject to compromise are as followsas of September 30, 2020 (in thousands):

	September 30, 2020
	($ in thousands)
Revolving Credit Facility	$	74,924
Accounts payable		21,465
Accrued liabilities and other		2,948
Derivative instruments		1,892
	$	101,229

Summary of Components of Restructuring Charges

The components of restructuring charges are as followsfor the nine months ended September 30, 2020 (in thousands):

	Nine Months Ended
	September 30, 2020
	($ in thousands)
Write off of unamortized deferred financing fees	$	1,970
Legal and other professional advisory fees		8,966
Terminated contracts		676
DIP financing fees		271
	$	11,883