|6 Months Ended|
Jun. 30, 2020
|Subsequent Events [Abstract]|
|SUBSEQUENT EVENTS||SUBSEQUENT EVENTSOn July 8, 2020, the Company entered into an amendment (the “Amendment”) to its Revolving Credit Facility. Pursuant to the Amendment, the Company’s semi-annual borrowing base redetermination was completed and the borrowing base under the Revolving Credit Facility was reduced to $660.0 million. As of June 30, 2020, the Company had $568.0 million in outstanding borrowings under the credit facility. The next redetermination of the borrowing base is scheduled for October 1, 2020. The Amendment also amends certain other provisions of the Revolving Credit Facility, including among other things to limit the Company’s ability to maintain excess cash liquidity without using it to reduce outstanding borrowings under the Revolving Credit Facility.|
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef