Annual report pursuant to Section 13 and 15(d)

LONG TERM DEBT (Tables)

v3.20.4
LONG TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of long term debt
The Company’s long-term debt consists of the following:


(In thousands) December 31, 2020 December 31, 2019
Revolving Credit Facility $ 532,000  $ 580,000 
Second Lien Notes due 2023 287,755  417,733 
Unsecured VEN Bakken Note 130,000  130,000 
Total principal 949,755  1,127,733 
Unamortized debt discounts and premiums 2,041  4,860 
Unamortized debt issuance costs (1) (6,953) (14,432)
Total debt 944,843  1,118,161 
Less current portion of long-term debt (65,000) — 
Total long-term debt $ 879,843  $ 1,118,161 

_____________________
(1)Debt issuance costs related to the Company’s revolving credit facility of $6.5 million and $9.8 million as of December 31, 2020 and 2019, are recorded in “Other Noncurrent Assets, Net” in the balance sheets. During the years ended December 31, 2020 and 2019, the Company recorded a $1.5 million and zero write-off of debt issuance costs as a result of the reduction in the borrowing base under the Revolving Credit Facility.