XML 52 R41.htm IDEA: XBRL DOCUMENT v3.21.2
Long-Term Debt (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 16, 2021
USD ($)
Nov. 02, 2020
USD ($)
Dec. 15, 2017
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Bank Borrowings                
Long-term Debt, excluding current maturities       $ 393,446   $ 393,446   $ 424,905
Gross interest expense including amortization of debt issuance costs       7,436 $ 8,026 14,454 $ 16,433  
Capitalized interest on our unproved properties       0 0 0 0  
Payments of Debt Issuance Costs           2,400 0  
Write off of Debt Issuance Cost           229 459  
Second Lien [Abstract]                
Long-term debt, gross       398,000   398,000   430,000
New Credit Facility [Member]                
Bank Borrowings                
Debt Issuance Costs, Net       3,000   3,000   1,400
Second Lien Notes [Member]                
Bank Borrowings                
Debt Issuance Costs, Net       3,397   3,397   3,800
Long-term Debt, excluding current maturities     $ 198,000 200,000   200,000   200,000
Gross interest expense including amortization of debt issuance costs       4,600 4,600 9,200 9,500  
Second Lien [Abstract]                
Long-term debt, gross     200,000          
Debt Instrument, Unamortized Discount     (2,000) (1,157)   (1,157)   (1,295)
Additional notes issuable     $ 100,000          
Additional interest in the event of default     0.020          
Make whole premium during year 4     0.010          
Second Lien, Required Security Interest on Proved Reserves     85.00%          
Second Lien, Required Security Interest on Oil and Gas Properties     85.00%          
Discount Rate for Estimated Future Net Revenues for Proved Properties at 9%     9.00%          
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       195,400   195,400    
Second Lien Notes [Member] | London Interbank Offered Rate (LIBOR) [Member]                
Bank Borrowings                
Debt instrument escalating basis spread on base rate     0.075          
Second Lien Notes [Member] | Alternative Base Interest Rate [Member]                
Bank Borrowings                
Debt instrument escalating basis spread on base rate     0.065          
Line of Credit [Member] | New Credit Facility [Member]                
Bank Borrowings                
Long-term Debt, excluding current maturities       198,000   198,000   $ 230,000
Line of Credit Facility, Current Borrowing Capacity $ 300,000 $ 310,000            
Line of Credit, Basis Point Increase 50              
Line of Credit, Covenant, Debt to EBITDA Ratio, On or Before December 31, 2020   3.50            
Line of Credit, Covenant, Debt to EBITDA Ratio, On or Before December 31, 2021 3.25              
Line of Credit, Covenant, Debt to EBITDA Ratio, On or Before March 31, 2022 3.00              
Line of Credit, Minimum Rolling Hedge Requirement 0.50              
Line of Credit, Required Security Interest on Oil and Gas Properties 90.00% 85.00%            
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, Covenant, Current Ratio, Minimum 1.00              
Gross interest expense including amortization of debt issuance costs       2,800 $ 3,500 5,300 $ 6,900  
Payments of Debt Issuance Costs       $ 2,400        
Write off of Debt Issuance Cost           $ 200    
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 0.0225              
Debt Instrument Escalating Rates for Eurodollar Rate Loans 0.0325              
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 0.0325              
Debt Instrument Escalating Rates for Eurodollar Rate Loans 0.0425