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Long-Term Debt (Tables)
 12 Months Ended
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 Rate0.375 %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, 2023As of December 31, 2022As of December 31, 2021
(in thousands)
Revolving credit facility (1)
$— $— $— 
Letters of credit (2)
6,000 6,000 2,500 
Available borrowing capacity1,244,000 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 discount30,236 
Unamortized deferred financing costs8,727 
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, 2022As of December 31, 2021
Principal AmountUnamortized Deferred Financing CostsPrincipal Amount, NetPrincipal AmountUnamortized Deferred Financing CostsPrincipal 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 TenderedPrincipal 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