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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Fair Value Measurement Inputs
As of the March 31, 2020 valuation date, the Company used the forward B-rated Energy Bond Yield curve to develop the following key unobservable inputs used to value this embedded derivative:
 
 
Quantitative Information About Level 3 Fair Value Measurements
 
 
Fair Value at March 31, 2020
 
Valuation Technique
 
Significant Unobservable Inputs
 
Range/Value
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
 
 
 
 
 
Preferred Units Embedded Derivative
 
$
164,913

 
Option Model
 
Altus Midstream Company’s Imputed Interest Rate
 
19.17-26.02%
 
 
 
 
 
 
Interest Rate Volatility
 
33.22%