Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities

The tables below, set forth by level within the fair value hierarchy, represent the net components of the assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2019 and 2018.

	December 31, 2019
	Level 1		Level 2			Level 3			Total
	(In thousands)
Derivative assets
Commodity derivative assets - current	$	—	$	10,340		$	—		$	10,340
Commodity derivative assets - non-current	—		33,105			—			33,105
Total derivative assets	$	—	$	43,445		$	—		$	43,445
Derivative liabilities
Commodity derivative liabilities - current	$	—	$	(3,842	)	$	—		$	(3,842	)
Commodity derivative liabilities - non-current	—		(392		)	—			(392		)
Interest rate swaps - current	—		(174		)	—			$	(174	)
Interest rate swaps - non-current	—		(492		)	—			(492		)
Series B Preferred Stock bifurcated derivative - non-current	—		—			(416		)	(416		)
Total derivative liabilities	$	—	$	(4,900	)	$	(416	)	$	(5,316	)

	December 31, 2018
	Level 1		Level 2		Level 3			Total
	(In thousands)
Derivative assets
Commodity derivative assets - current	$	—	$	30,819	$	—		$	30,819
Commodity derivative assets - non-current	—		58,314		—			58,314
Total derivative assets	$	—	$	89,133	$	—		$	89,133
Derivative liabilities
Series B Preferred Stock bifurcated derivative - non-current	$	—	$	—	$	(696	)	$	(696	)
Total derivative liabilities	$	—	$	—	$	(696	)	$	(696	)

The financial instruments measured at fair value on a recurring basis consist of the following:

	December 31,			December 31,
	2019			2018
	(In thousands)
Derivative assets
Derivative assets - current	$	10,340		$	30,819
Derivative assets - non-current	33,105			58,314
Total derivative assets	43,445			89,133
Derivative liabilities
Derivative liabilities - current	(4,016		)	—
Derivative liabilities - non-current	(1,300		)	(696		)
Total derivative liabilities	(5,316		)	(696		)
Total derivative assets, net	$	38,129		$	88,437

Schedule of Changes in Fair Value of Level 3 Liabilities

The table below sets forth a summary of changes in the fair value of the Company’s level 3 derivatives for the year ended December 31, 2019.

Balance at December 31, 2018	$	696
Gains reported in earnings	(280		)
Balance at December 31, 2019	$	416