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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table is a listing of the Company’s assets and liabilities that are measured at fair value in the accompanying balance sheets and where they are classified within the fair value hierarchy as of March 31, 2022:
Level 1Level 2Level 3
(in thousands)
Assets:
Derivatives (1)
$— $18,552 $— 
Liabilities:
Derivatives (1)
$— $589,758 $— 
__________________________________________
(1)    This represents a financial asset or liability that is measured at fair value on a recurring basis.
The following table is a listing of the Company’s assets and liabilities that are measured at fair value in the accompanying balance sheets and where they are classified within the fair value hierarchy as of December 31, 2021:
Level 1Level 2Level 3
(in thousands)
Assets:
Derivatives (1)
$— $24,334 $— 
Liabilities:
Derivatives (1)
$— $345,202 $— 
____________________________________________
(1)    This represents a financial asset or liability that is measured at fair value on a recurring basis.
Long Term Debt Fair Value [Table Text Block]
Long-Term Debt
The following table reflects the fair value of the Company’s Senior Notes obligations measured using Level 1 inputs based on quoted secondary market trading prices. These notes were not presented at fair value on the accompanying balance sheets as of March 31, 2022, or December 31, 2021, as they were recorded at carrying value, net of any unamortized discounts and deferred financing costs. Please refer to Note 5 - Long-Term Debt above for additional information.
As of March 31, 2022As of December 31, 2021
Principal AmountFair ValuePrincipal AmountFair Value
(in thousands)
10.0% Senior Secured Notes due 2025
$446,675 $486,760 $446,675 $491,628 
5.0% Senior Notes due 2024
$— $— $104,769 $104,583 
5.625% Senior Notes due 2025
$349,118 $349,715 $349,118 $353,091 
6.75% Senior Notes due 2026
$419,235 $431,158 $419,235 $431,787 
6.625% Senior Notes due 2027
$416,791 $428,253 $416,791 $432,783 
6.5% Senior Notes due 2028
$400,000 $413,660 $400,000 $417,284