Fair Value Measurements of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the gross derivative assets and liabilities that are measured at fair value on a recurring basis at March 31, 2020 and December 31, 2019 for each of the fair value hierarchy levels:

	Fair Value Measurements at March 31, 2020 Using
	Quoted Prices in		Significant Other		Significant
	Active Market		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Fair Value
	(In thousands)
Assets:
Commodity derivatives	$	—	$	111,512	$	—	$	111,512
Interest rate derivatives		—		—		—		—
Total assets	$	—	$	111,512	$	—	$	111,512
Liabilities:
Commodity derivatives	$	—	$	4,651	$	—	$	4,651
Interest rate derivatives		—		3,602		—		3,602
Total liabilities	$	—	$	8,253	$	—	$	8,253

	Fair Value Measurements at December 31, 2019 Using
	Quoted Prices in		Significant Other		Significant
	Active Market		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Fair Value
	(In thousands)
Assets:
Commodity derivatives	$	—	$	18,509	$	—	$	18,509
Interest rate derivatives		—		595		—		595
Total assets	$	—	$	19,104	$	—	$	19,104
Liabilities:
Commodity derivatives	$	—	$	6,861	$	—	$	6,861
Interest rate derivatives		—		558		—		558
Total liabilities	$	—	$	7,419	$	—	$	7,419