DEBT (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Maturities of Long-Term Debt

	March 31,			December 31,
	2020			2019
	(in thousands)
5.375 % Senior Notes due 2027	$	500,000		$	500,000
Revolving credit facility	173,500			96,500
Unamortized debt issuance costs	(2,380		)	(2,458		)
Unamortized discount costs	(7,080		)	(7,268		)
Total long-term debt	$	664,040		$	586,774

Schedule of Financial Covenants

These covenants, among other things, limit additional indebtedness, additional liens, sales of assets, mergers and consolidations, dividends and distributions, transactions with affiliates and entering into certain swap agreements, and require the maintenance of the financial ratios described below:

Financial Covenant	Required Ratio
Ratio of total net debt to EBITDAX, as defined in the credit agreement	Not greater than 4.0 to 1.0
Ratio of current assets to liabilities, as defined in the credit agreement	Not less than 1.0 to 1.0