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Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Financial Covenant Ratio

The Credit Facility contains various affirmative, negative, and financial maintenance covenants.  These covenants, among other things, include restrictions on the Company’s ability to incur additional indebtedness, acquire and sell assets, create liens, enter into certain lease agreements, make investments, make distributions, 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 Facility

 

Not greater than 4.0 to 1.0

Ratio of current assets to current liabilities, as defined in the Credit Facility

 

Not less than 1.0 to 1.0