Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Tables)

v3.20.2
FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Financial instruments measured at fair value on recurring basis The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019:
  Fair Value Measurements at June 30, 2020 Using
(In thousands) Quoted Prices In Active Markets for Identical Assets (Liabilities)
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Commodity Derivatives – Current Asset $ —    $ 156,436    $ —   
Commodity Derivatives – Noncurrent Asset —    34,566    —   
Commodity Derivatives – Current Liabilities —    (616)   —   
Commodity Derivatives – Noncurrent Liabilities —    (582)   —   
Interest Rate Derivatives – Current Liabilities —    (583)   —   
Interest Rate Derivatives – Noncurrent Liabilities —    (846)   —   
Total $ —    $ 188,375    $ —   

  Fair Value Measurements at December 31, 2019 Using
 (In thousands) Quoted Prices In Active Markets for Identical Assets (Liabilities)
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Commodity Derivatives – Current Asset $ —    $ 5,628    $ —   
Commodity Derivatives – Current Liabilities —    (11,298)   —   
Commodity Derivatives – Noncurrent Asset —    8,554    —   
Commodity Derivatives – Noncurrent Liabilities —    (8,079)   —   
Total $ —    $ (5,195)   $ —