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v3.19.3.a.u2

Long-term Debt Revolving Credit Facility (Details) $ in Thousands | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2019 USD ($) | Feb. 06, 2020 USD ($) | Dec. 31, 2018 USD ($)
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, maximum amount outstanding during period |  | $ 100,000 |  |
Line of credit agreement, minimum amount of unrestricted cash and investments |  | 300,000 |  |
Revolving credit facility |  | $ 122,500 |  | $ 0
Line of Credit [Member] | Borrowing Base Utilization of 25 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, unused capacity, commitment fee rate |  | 0.375% |  |
Line of Credit [Member] | Borrowing Base Utilization Of 25 Percent Or More But Less Than 50 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, unused capacity, commitment fee rate |  | 0.375% |  |
Line of Credit [Member] | Borrowing Base Utilization Of 50 Percent Or More But Less Than 75 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, unused capacity, commitment fee rate |  | 0.50% |  |
Line of Credit [Member] | Borrowing Base Utilization Of 75 Percent Or More But Less Than 90 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, unused capacity, commitment fee rate |  | 0.50% |  |
Line of Credit [Member] | Borrowing Base Utilization Of 90 Percent Or More [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, unused capacity, commitment fee rate |  | 0.50% |  |
Line of Credit [Member] | Revolving Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, maximum loan amount |  | $ 2,500,000 |  |
Line of credit agreement, current borrowing base |  | 1,600,000 |  |
Line of credit agreement, aggregate lender commitment amount |  | 1,200,000 |  | 1,000,000
Revolving credit facility | [1] | 122,500 |  | 0
Letters of credit | [2] | 0 |  | 200
Available borrowing capacity |  | 1,077,500 |  | 999,800
Credit facility, unamortized deferred financing costs |  | $ 5,900 |  | $ 6,400
Subsequent Event [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, aggregate lender commitment amount |  |  | $ 1,200,000 |
Revolving credit facility |  |  | 113,500 |
Letters of credit |  |  | 0 |
Available borrowing capacity |  |  | $ 1,086,500 |
Eurodollar [Member] | Line of Credit [Member] | Borrowing Base Utilization of 25 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, basis spread on variable rate | [3] | 1.50% |  |
Eurodollar [Member] | Line of Credit [Member] | Borrowing Base Utilization Of 25 Percent Or More But Less Than 50 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, basis spread on variable rate | [3] | 1.75% |  |
Eurodollar [Member] | Line of Credit [Member] | Borrowing Base Utilization Of 50 Percent Or More But Less Than 75 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, basis spread on variable rate | [3] | 2.00% |  |
Eurodollar [Member] | Line of Credit [Member] | Borrowing Base Utilization Of 75 Percent Or More But Less Than 90 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, basis spread on variable rate | [3] | 2.25% |  |
Eurodollar [Member] | Line of Credit [Member] | Borrowing Base Utilization Of 90 Percent Or More [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, basis spread on variable rate | [3] | 2.50% |  |
Debt Instrument Variable Rate, Alternative Base Rate, And Swingline Loans [Member] | Line of Credit [Member] | Borrowing Base Utilization of 25 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, basis spread on variable rate |  | 0.50% |  |
Debt Instrument Variable Rate, Alternative Base Rate, And Swingline Loans [Member] | Line of Credit [Member] | Borrowing Base Utilization Of 25 Percent Or More But Less Than 50 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, basis spread on variable rate |  | 0.75% |  |
Debt Instrument Variable Rate, Alternative Base Rate, And Swingline Loans [Member] | Line of Credit [Member] | Borrowing Base Utilization Of 50 Percent Or More But Less Than 75 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, basis spread on variable rate |  | 1.00% |  |
Debt Instrument Variable Rate, Alternative Base Rate, And Swingline Loans [Member] | Line of Credit [Member] | Borrowing Base Utilization Of 75 Percent Or More But Less Than 90 Percent [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, basis spread on variable rate |  | 1.25% |  |
Debt Instrument Variable Rate, Alternative Base Rate, And Swingline Loans [Member] | Line of Credit [Member] | Borrowing Base Utilization Of 90 Percent Or More [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, basis spread on variable rate |  | 1.50% |  |
Minimum [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, covenant compliance, adjusted current ratio |  | 1.0 |  |
12/31/18 QE through 12/31/19 QE [Member] | Maximum [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, covenant compliance, total funded debt to adjusted EBITDAX ratio |  | 4.25 |  |
3/31/20 QE and Thereafter [Member] | Maximum [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Line of credit agreement, covenant compliance, total funded debt to adjusted EBITDAX ratio |  | 4.00 |  |
[1] | (1) Unamortized deferred financing costs attributable to the revolving credit facility are presented as a component of the other noncurrent assets line item on the accompanying balance sheets and totaled $5.9 million and $6.4 million as of December 31, 2019, and 2018, respectively. These costs are being amortized over the term of the credit facility on a straight-line basis.
[2] | (2) Letters of credit outstanding reduce the amount available under the credit facility on a dollar-for-dollar basis. The letter of credit outstanding as of December 31, 2018, was released effective January 8, 2019.
[3] | (1) The Company’s Credit Agreement specifies that in the event that LIBOR is no longer a widely used benchmark rate, or that it shall no longer be used for determining interest rates for loans in the United States, a replacement interest rate that fairly reflects the cost to the lenders of funding loans shall be established by the Administrative Agent, as defined in the Credit Agreement, in consultation with the borrower.

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- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=99376301&loc=d3e1336-112600 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=99376301&loc=d3e1314-112600 + Details
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