Prepaid and Other Current Assets

3 Months Ended

Mar. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid and Other Current Assets

Prepaid and Other Current Assets

Prepaid and other current assets at March 31, 2019 and December 31, 2018 consisted of the following (in thousands):

	March 31, 2019		December 31, 2018
Advances to suppliers for crude oil purchases	$	67,808	$	—
Collateral posted with broker for derivative instruments (1)	1,321		2,759
Prepaid insurance	7,240		7,727
Deferred financing costs	470		—
Derivative assets	1,483		5,164
Other	5,348		12,720
Total	$	83,670	$	28,370

_________________________________________________________

(1) Our cash margin that is required as collateral deposits on our commodity derivatives cannot be offset against the fair value of open contracts except in the event of default. Please read Note 10—Derivatives for further information.