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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Debt Instrument Borrowing Base Utilization | Interest and commitment fees associated with the revolving credit facility are accrued based on a borrowing base utilization grid set forth in the Credit Agreement, as presented in the table below. At the Company’s election, borrowings under the Credit Agreement may be in the form of SOFR, Alternate Base Rate (“ABR”), or Swingline loans. SOFR loans accrue interest at SOFR plus the applicable margin from the utilization grid, and ABR and Swingline loans accrue interest at a market-based floating rate, plus the applicable margin from the utilization grid. Commitment fees are accrued on the unused portion of the aggregate lender commitment amount at rates from the utilization grid.
Borrowing Base Utilization Percentage | <25% |  | ≥25% <50% |  | ≥50% <75% |  | ≥75% <90% |  | ≥90%
SOFR Loans | 2.000 | % |  | 2.250 | % |  | 2.500 | % |  | 2.750 | % |  | 3.000 | %
ABR Loans or Swingline Loans | 1.000 | % |  | 1.250 | % |  | 1.500 | % |  | 1.750 | % |  | 2.000 | %
Commitment Fee Rate | 0.375 | % |  | 0.375 | % |  | 0.500 | % |  | 0.500 | % |  | 0.500 | %
Schedule of Credit Agreement Facilities | The following table presents the outstanding balance, total amount of letters of credit outstanding, and available borrowing capacity under the Credit Agreement as of February 9, 2023, December 31, 2022, and December 31, 2021:
| As of February 9, 2023 |  | As of December 31, 2022 |  | As of December 31, 2021
| (in thousands)
Revolving credit facility (1) | $ | — |  |  | $ | — |  |  | $ | — |
Letters of credit (2) | 6,000 |  |  | 6,000 |  |  | 2,500 |
Available borrowing capacity | 1,244,000 |  |  | 1,244,000 |  |  | 1,097,500 |
Total aggregate lender commitment amount | $ | 1,250,000 |  |  | $ | 1,250,000 |  |  | $ | 1,100,000 |
____________________________________________ (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 $10.8 million and $2.7 million as of December 31, 2022, and 2021, respectively. These costs are being amortized over the term of the revolving credit facility on a straight-line basis. (2) Letters of credit outstanding reduce the amount available under the revolving credit facility on a dollar-for-dollar basis.
Schedule Of Long-term Debt Instruments, Senior Secured Notes | Senior Secured Notes, net of unamortized discount and deferred financing costs, included within the Senior Notes, net line item on the accompanying balance sheets as of December 31, 2021, consisted of the following:
|  |  | As of December 31, 2021
|  |  | (in thousands)
Principal amount of 10.0% Senior Secured Notes due 2025 |  |  | $ | 446,675 |
Unamortized debt discount |  |  | 30,236 |
Unamortized deferred financing costs |  |  | 8,727 |
10.0% Senior Secured Notes due 2025, net of unamortized debt discount and deferred financing costs |  |  | $ | 407,712 |
Schedule Of Long-term Debt Instruments, Senior Unsecured Notes | Senior Unsecured Notes, net of unamortized deferred financing costs, included within the Senior Notes, net line item on the accompanying balance sheets as of December 31, 2022, and 2021, consisted of the following (collectively referred to as “Senior Unsecured Notes”, and together with the 2025 Senior Secured Notes, “Senior Notes”):
| As of December 31, 2022 |  | As of December 31, 2021
| Principal Amount |  | Unamortized Deferred Financing Costs |  | Principal Amount, Net |  | Principal Amount |  | Unamortized Deferred Financing Costs |  | Principal Amount, Net
| (in thousands)
5.0% Senior Notes due 2024 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 104,769 |  |  | $ | 403 |  |  | $ | 104,366 |
5.625% Senior Notes due 2025 | 349,118 |  |  | 1,528 |  |  | 347,590 |  |  | 349,118 |  |  | 2,160 |  |  | 346,958 |
6.75% Senior Notes due 2026 | 419,235 |  |  | 2,569 |  |  | 416,666 |  |  | 419,235 |  |  | 3,270 |  |  | 415,965 |
6.625% Senior Notes due 2027 | 416,791 |  |  | 3,172 |  |  | 413,619 |  |  | 416,791 |  |  | 3,949 |  |  | 412,842 |
6.5% Senior Notes due 2028 | 400,000 |  |  | 5,665 |  |  | 394,335 |  |  | 400,000 |  |  | 6,679 |  |  | 393,321 |
Total | $ | 1,585,144 |  |  | $ | 12,934 |  |  | $ | 1,572,210 |  |  | $ | 1,689,913 |  |  | $ | 16,461 |  |  | $ | 1,673,452 |
Schedule of Long-Term Debt Instruments, Senior Notes Tendered | The following table summarizes the principal amounts of the Senior Unsecured Notes tendered as of the Settlement Date:
Title of Senior Unsecured Notes Tendered |  | Principal Amount of Senior Unsecured Notes Tendered
|  | (in thousands)
6.125% Senior Notes due 2022 |  | $ | 141,701 |
5.0% Senior Notes due 2024 |  | 155,339 |
5.625% Senior Notes due 2025 |  | 150,882 |
6.75% Senior Notes due 2026 |  | 80,765 |
6.625% Senior Notes due 2027 |  | 83,209 |
Total |  | $ | 611,896 |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to 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. + 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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