Long-Term Debt And Other Long-Term Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Long-Term Debt

As of the date indicated, our long-term debt, not including debt instruments classified as liabilities subject to compromise, consisted of the following:

	June 30, 2020		December 31, 2019
	(In thousands)
Current portion of long-term debt:
Unit credit agreement with an average interest rate of 2.3% and 4.0% at June 30, 2020 and December 31, 2019, respectively	$	124,000	$	108,200
DIP credit agreement with an average interest rate of 7.5% at June 30, 2020	8,000		—
Total current portion of long-term debt	132,000		108,200
Long-term debt:
Superior credit agreement with an average interest rate of 2.2% and 3.9% at June 30, 2020 and December 31, 2019, respectively	34,000		16,500
6.625% senior subordinated notes due 2021	—		650,000
Total principal amount	34,000		666,500
Less: unamortized discount	—		(971)
Less: debt issuance costs, net	—		(2,313)
Total long-term debt	$	34,000	$	663,216

Other Long-Term Liabilities

Other long-term liabilities consisted of the following:

	June 30, 2020		December 31, 2019
	(In thousands)
Asset retirement obligation (ARO) liability	$	64,248	$	66,627
Workers’ compensation	12,112		11,510
Finance lease obligations	5,319		7,379
Contract liability	5,625		7,061
Separation benefit plans (1)	—		10,122
Deferred compensation plan	6,006		6,180
Gas balancing liability	3,823		3,838
Other long-term liability	1,217		—
	98,350		112,717
Less current portion	13,628		17,376
Total other long-term liabilities	$	84,722	$	95,341

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1.The separation benefit plans are part of the liabilities subject to compromise as of June 30, 2020. For further information, please see Note 2 – Chapter 11 Proceedings, Liquidity, and Ability to Continue as a Going Concern.