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Debt and Credit Agreements | 6 Months Ended
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Jun. 30, 2016
Debt Disclosure [Abstract] |
Debt and Credit Agreements | Debt and Credit Agreements The Company’s debt and credit agreements consisted of the following:
(In thousands) |  | June 30, 2016 |  | December 31, 2015
Total Debt |  |  |  |
7.33% weighted-average senior notes |  | $ | 20,000 |  |  | $ | 20,000 |
6.51% weighted-average senior notes |  | 361,000 |  |  | 425,000 |
9.78% senior notes |  | 67,000 |  |  | 67,000 |
5.58% weighted-average senior notes |  | 175,000 |  |  | 175,000 |
3.65% weighted-average senior notes |  | 925,000 |  |  | 925,000 |
Revolving credit facility |  | — |  |  | 413,000 |
|  | 1,548,000 |  |  | 2,025,000 |
Unamortized debt issuance costs |  | (8,151 | ) |  | (8,861 | )
Total debt, net(1) |  | $ | 1,539,849 |  |  | $ | 2,016,139 |
(1) Includes $20.0 million of current portion of long-term debt at June 30, 2016 and December 31, 2015, respectively. The borrowing base under the terms of the Company's revolving credit facility is redetermined annually in April. In addition, either the Company or the banks may request an interim redetermination twice a year or in connection with certain acquisitions or divestitures of oil and gas properties. Effective April 19, 2016, the Company’s borrowing base was reduced from $3.4 billion to $3.2 billion. The maximum credit amount under the revolving credit facility remained unchanged at $1.8 billion; however, the available commitments were reduced to $1.6 billion at the time of the redetermination. In May 2016, the Company repurchased $64.0 million principal amount of its 6.51% weighted-average senior notes for approximately $68.3 million. A $4.7 million extinguishment loss was recognized in the second quarter of 2016 associated with the premium paid and the write-off of a portion of the associated deferred financing costs due to early repayment. As a result of the repurchase of these senior notes, the available commitments under the revolving credit facility increased to $1.7 billion and remained at that level as of June 30, 2016. At June 30, 2016, the Company was in compliance with all restrictive financial covenants for both its revolving credit facility and senior notes. As of June 30, 2016, based on the Company's asset coverage and leverage ratios, there were no interest rate adjustments required for the Company's senior notes. At June 30, 2016, the Company had no borrowings outstanding under its revolving credit facility and had unused commitments of $1.7 billion. There were no borrowings under the revolving credit facility during the three months ended June 30, 2016. The Company’s weighted-average effective interest rate for the revolving credit facility for the three months ended June 30, 2015 was approximately 2.2% and for the six months ended June 30, 2016 and 2015 was approximately 2.3%.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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