XML 53 R40.htm IDEA: XBRL DOCUMENT v3.22.1
Long-Term Debt (Details)
$ in Thousands
3 Months Ended
Nov. 29, 2021
USD ($)
Nov. 12, 2021
USD ($)
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Apr. 12, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 15, 2017
USD ($)
Bank Borrowings              
Long-term Debt, excluding current maturities     $ 346,003     $ 372,825  
Second Lien [Abstract]              
Long-term debt, gross     $ 350,000     377,000  
Discount Rate for Estimated Future Net Revenues from Proved Properties     10.00%        
Gross interest expense including amortization of debt issuance costs     $ 6,557 $ 7,019      
New Credit Facility [Member]              
Bank Borrowings              
Debt Issuance Costs, Net     3,300     3,600  
Second Lien Notes [Member]              
Bank Borrowings              
Debt Issuance Costs, Net     2,981     3,114  
Long-term Debt, excluding current maturities     150,000     150,000 $ 198,000
Second Lien [Abstract]              
Long-term debt, gross   $ 150,000         200,000
Debt Instrument, Unamortized Discount     (1,016)     (1,061) $ (2,000)
Repayments of Long-Term Debt $ 50,000            
Professional Fees $ 100            
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   90.00%          
Second Lien, Required Security Interest on Oil and Gas Properties   90.00%          
Discount Rate for Estimated Future Net Revenues for Proved Properties at 9%   9.00%          
Second Lien, Asset Coverage Ratio, Minimum   1.25          
Second Lien, Covenant, Debt to EBITDA Ratio, On or Before December 31, 2021   3.5          
Second Lien, Debt to EBITDA Ratio, after March 31, 2022   3.25          
Long-term debt, net     146,000        
Gross interest expense including amortization of debt issuance costs     3,400 4,500      
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     200,000     $ 227,000  
Line of Credit Facility, Current Borrowing Capacity   $ 460,000          
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, Required Security Interest on Oil and Gas Properties   90.00%          
Line of Credit Facility, Maximum Borrowing Capacity   $ 1,000,000          
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          
Line of Credit Facility, Commitment Fee Amount     300 100      
Second Lien [Abstract]              
Gross interest expense including amortization of debt issuance costs     $ 3,200 $ 2,500      
Line of Credit [Member] | New Credit Facility [Member] | Subsequent Event [Member]              
Bank Borrowings              
Line of Credit Facility, Current Borrowing Capacity         $ 525,000    
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