XML 71 R36.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Recurring Fair Value Measurements
The following tables set forth our recurring fair value measurements:
 March 31, 2020
 Level 2Level 3Effect
of Netting		Net Amounts Presented
 
Financial assets (liabilities):
Commodity derivatives:
Assets$189  $948  $(476) $661  
Liabilities(599) —  476  (123) 
Total commodity derivatives$(410) $948  $—  $538  

 December 31, 2019
 Level 2Level 3Effect
of Netting		Net Amounts Presented
 
Financial assets (liabilities):
Commodity derivatives:
Assets$177  $1,204  $(748) $633  
Liabilities(775) —  748  (27) 
Total commodity derivatives$(598) 1,204  —  606  
Reconciliations Of Level 3 Fair Value Measurements
The following table is a reconciliation of our Level 3 fair value measurements:

 Net Derivatives
Three Months Ended
March 31,
 20202019
 (In thousands)
Beginning of period$1,204  $10,630  
Total gains or losses (realized and unrealized):
Included in earnings (1)
563  (5,434) 
Settlements(819) (2,116) 
End of period$948  $3,080  
Total losses for the period included in earnings attributable to the change in unrealized gain (loss) relating to assets still held at end of period$(256) $(7,550) 
_______________________
1.Commodity derivatives are reported in the Unaudited Condensed Consolidated Statements of Operations in gain (loss) on derivatives.
Schedule Of Quantitative Information About Unobservable Inputs
The following table provides quantitative information about our Level 3 unobservable inputs at March 31, 2020:
Commodity (1)
Fair ValueValuation TechniqueUnobservable InputRange
 (In thousands)   
Natural gas three-way collar$948  Discounted cash flowForward commodity price curve$0.00 -$0.86
 _______________________
1.The commodity contracts detailed in this category include non-exchange-traded natural gas three-way collars that are valued based on NYMEX. The forward pricing range represents the low and high price expected to be paid or received within the settlement period.