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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Assets (Liabilities) Measured at Fair Value
A summary of assets (liabilities) measured at fair value is as follows:
   
As of March 31, 2020
   
Total
 
Level 1
 
Level 2
 
Level 3
Commodity contract derivatives
$
23,531

 
$
5,377

 
$
18,154

 
$

   
As of December 31, 2019
   
Total
 
Level 1
 
Level 2
 
Level 3
Commodity contract derivatives
$
(3,116
)
 
$
(84
)
 
$
(3,032
)
 
$


Liabilities Measured at Fair Value on a Recurring Basis
The following is a reconciliation of the beginning and ending balances for liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
 
Contingent Consideration for Acquisitions
 
2020
 
2019
Balance at beginning of period, January 1
$

 
$
9,861

Change in estimates included in earnings

 
304

Settlements

 
(3,316
)
Balance at end of period, March 31
$

 
$
6,849


Estimated Fair Values of the Company's Financial Instruments
The estimated fair values of the Company’s financial instruments, which are not recorded at fair value, are as follows:
   
As of March 31, 2020
 
As of December 31, 2019
   
Asset (Liability)
Carrying
Amount
 
Fair Value
 
Asset (Liability)
Carrying
Amount
 
Fair Value
Financial liabilities:
   
 
   
 
   
 
   
Debt and lines of credit
$
(243,274
)
 
$
(335,615
)
 
$
(183,034
)
 
$
(338,482
)