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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on 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 March 31, 2023As of December 31, 2022
Level 1Level 2Level 3Level 1Level 2Level 3
(in thousands)
Assets:
Derivatives (1)
$— $96,435 $— $— $73,142 $— 
Liabilities:
Derivatives (1)
$— $34,362 $— $— $57,323 $— 
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(1)    This represents a financial asset or liability that is measured at fair value on a recurring basis.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
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, 2023, or December 31, 2022, as they were recorded at carrying value, net of any unamortized deferred financing costs. Please refer to Note 5 - Long-Term Debt above for additional information.
As of March 31, 2023As of December 31, 2022
Principal AmountFair ValuePrincipal AmountFair Value
(in thousands)
5.625% Senior Notes due 2025
$349,118 $339,207 $349,118 $337,821 
6.75% Senior Notes due 2026
$419,235 $411,898 $419,235 $409,484 
6.625% Senior Notes due 2027
$416,791 $404,466 $416,791 $402,120 
6.5% Senior Notes due 2028
$400,000 $386,660 $400,000 $384,520