XML 52 R42.htm IDEA: XBRL DOCUMENT v3.19.3
Long-Term Debt (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Nov. 06, 2018
USD ($)
Dec. 15, 2017
USD ($)
Apr. 19, 2017
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Oct. 17, 2019
USD ($)
Dec. 31, 2018
USD ($)
Bank Borrowings                  
Long-term Debt, excluding current maturities       $ 475,663   $ 475,663     $ 387,988
Gross interest expense including amortization of debt issuance costs       9,435 $ 7,212 27,500 $ 19,686    
Capitalized interest on our unproved properties       0 200 200 900    
Second Lien [Abstract]                  
Long-term debt, gross       482,000   482,000     395,000
New Credit Facility [Member]                  
Bank Borrowings                  
Debt Issuance Costs, Net       3,500   3,500     4,500
Second Lien Notes [Member]                  
Bank Borrowings                  
Debt Issuance Costs, Net       4,727   4,727     5,230
Long-term Debt, excluding current maturities   $ 198,000   200,000   200,000     200,000
Debt instrument escalating basis spread on base rate   50              
Gross interest expense including amortization of debt issuance costs       5,200 5,300 16,000 15,300    
Second Lien [Abstract]                  
Long-term debt, gross   $ 200,000              
Debt Instrument, Unamortized Discount   (2,000)   (1,610)   (1,610)     (1,782)
Additional notes issuable   $ 100,000              
Additional interest in the event of default   0.020              
Make whole premium during years 1 and 2   0.02              
Make whole premium during year 3   0.02              
Make whole premium during year 4   0.01              
Second Lien, Required Security Interest on Proved Reserves   85.00%              
Second Lien, Required Security Interest on Oil and Gas Properties   85.00%              
Second Lien, Asset Coverage Ratio, Minimum   1.25              
Discount Rate for Estimated Future Net Revenues from Proved Properties   10.00%              
Second Lien, Covenant, Debt to EBITDA Ratio, Minimum   4.5              
Long-term debt, net       193,700   193,700      
Second Lien Notes [Member] | Alternative Base Interest Rate [Member]                  
Bank Borrowings                  
Debt instrument escalating basis spread on base rate   0.065              
Second Lien Notes [Member] | London Interbank Offered Rate (LIBOR) [Member]                  
Bank Borrowings                  
Debt instrument escalating basis spread on base rate   0.075              
Line of Credit [Member] | New Credit Facility [Member]                  
Bank Borrowings                  
Long-term Debt, excluding current maturities       282,000   282,000     $ 195,000
Line of Credit Facility, Current Borrowing Capacity $ 410,000                
Line of Credit Facility, Maximum Borrowing Capacity     $ 600,000            
Line of Credit, Letters of Credit Issuable     $ 25,000            
Commitment fee basis points for the credit facility     0.50%            
Line of Credit, Additional Interest Due to Payment Default     2.00%            
Line of Credit, Required Security Interest on Oil and Gas Properties     85.00%            
Line of Credit, Covenant, Debt to EBITDA Ratio, Minimum     4.0            
Line of Credit, Covenant, Current Ratio, Minimum     1.0            
Gross interest expense including amortization of debt issuance costs       $ 4,200 $ 2,100 $ 11,700 $ 5,100    
Line of Credit [Member] | New Credit Facility [Member] | Minimum [Member] | Alternative Base Interest Rate [Member]                  
Bank Borrowings                  
Debt instrument escalating basis spread on base rate 0.0100                
Debt Instrument Escalating Rates for Eurodollar Rate Loans 0.0200                
Line of Credit [Member] | New Credit Facility [Member] | Maximum [Member] | Alternative Base Interest Rate [Member]                  
Bank Borrowings                  
Debt instrument escalating basis spread on base rate 0.0200                
Debt Instrument Escalating Rates for Eurodollar Rate Loans 0.0300                
Subsequent Event [Member] | Line of Credit [Member] | New Credit Facility [Member]                  
Bank Borrowings                  
Line of Credit Facility, Current Borrowing Capacity               $ 400,000