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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2023
Fair Value Disclosures [Abstract] |
Fair Value Hierarchy Table for Assets and Liabilities Measured at Fair Value | The following tables present the fair value hierarchy for assets and liabilities measured at fair value, on a recurring basis (in thousands):
|  |  | Fair Value Measurements at March 31, 2023 using: |
|  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total Carrying Value as of March 31, 2023 |
Trading securities held in the deferred compensation plans |  | $ | 66,135 |  |  | $ | — |  |  | $ | — |  |  | $ | 66,135 |
Commodity price derivatives | –swaps |  |  | — |  |  |  | 104,392 |  |  |  | — |  |  |  | 104,392 |
| –collars |  |  | — |  |  |  | 116,883 |  |  |  | — |  |  |  | 116,883 |
| –three-way collars |  |  | — |  |  |  | 28,338 |  |  |  | — |  |  |  | 28,338 |
| –basis swaps |  |  | — |  |  |  | (50,272 | ) |  |  | — |  |  |  | (50,272 | )
Divestiture contingent consideration |  |  | — |  |  |  | 9,160 |  |  |  | — |  |  |  | 9,160 |
|  |  | Fair Value Measurements at December 31, 2022 using: |
|  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Total Carrying Value as of December 31, 2022 |
Trading securities held in the deferred compensation plans |  | $ | 57,717 |  |  | $ | — |  |  | $ | — |  |  | $ | 57,717 |
Commodity price derivatives | –swaps |  |  | — |  |  |  | (109,844 | ) |  |  | — |  |  |  | (109,844 | )
| –collars |  |  | — |  |  |  | (16,837 | ) |  |  | — |  |  |  | (16,837 | )
| –three-way collars |  |  | — |  |  |  | (11,917 | ) |  |  | — |  |  |  | (11,917 | )
| –basis swaps |  |  | — |  |  |  | 521 |  |  |  | — |  |  |  | 521 |
Divesture contingent consideration |  |  | — |  |  |  | 13,080 |  |  |  | — |  |  |  | 13,080 |
Carrying Amounts and Fair Values of Financial Instruments | The following presents the carrying amounts and the fair values of our financial instruments as of March 31, 2023 and December 31, 2022 (in thousands):
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Commodity swaps, collars and basis swaps |  | $ | 222,221 |  |  | $ | 222,221 |  |  | $ | 28,835 |  |  | $ | 28,835 |
Divestiture contingent consideration |  |  | 9,160 |  |  |  | 9,160 |  |  |  | 13,080 |  |  |  | 13,080 |
Marketable securities (a) |  |  | 66,135 |  |  |  | 66,135 |  |  |  | 57,717 |  |  |  | 57,717 |
(Liabilities): |  |  |  |  |  |  |  |  |  |  |  |
Commodity swaps, collars and basis swaps |  |  | (22,880 | ) |  |  | (22,880 | ) |  |  | (166,912 | ) |  |  | (166,912 | )
Bank credit facility (b) |  |  | — |  |  |  | — |  |  |  | (19,000 | ) |  |  | (19,000 | )
4.875% senior notes due 2025 (b) |  |  | (750,000 | ) |  |  | (741,600 | ) |  |  | (750,000 | ) |  |  | (714,870 | )
8.25% senior notes due 2029 (b) |  |  | (600,000 | ) |  |  | (632,490 | ) |  |  | (600,000 | ) |  |  | (618,312 | )
4.75% senior notes due 2030 (b) |  |  | (500,000 | ) |  |  | (455,945 | ) |  |  | (500,000 | ) |  |  | (442,350 | )
Deferred compensation plan (c) |  |  | (203,815 | ) |  |  | (203,815 | ) |  |  | (189,241 | ) |  |  | (189,241 | )
(a) | Marketable securities, which are held in our deferred compensation plans, are actively traded on major exchanges.
(b) | The book value of our bank debt approximates fair value because of its floating rate structure. The fair value of our senior notes is based on end of period market quotes which are Level 2 inputs.
(c) | The fair value of our deferred compensation plan is updated to the closing price on the balance sheet date which is a Level 1 input.

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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