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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents, by level within the fair value hierarchy, the Company’s assets and liabilities that are measured at fair value on a recurring basis.

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total Fair

Value

 

As of December 31, 2019: (in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commodity derivative instruments

 

$

—

 

 

$

27,117

 

 

$

—

 

 

$

27,117

 

Total

 

$

—

 

 

$

27,117

 

 

$

—

 

 

$

27,117

 

As of December 31, 2018: (in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commodity derivative instruments

 

$

—

 

 

$

5,699

 

 

$

—

 

 

$

5,699

 

Total

 

$

—

 

 

$

5,699

 

 

$

—

 

 

$

5,699