XML 58 R43.htm IDEA: XBRL DOCUMENT v3.22.1
LONG-TERM DEBT - Narrative (Details)
1 Months Ended 3 Months Ended
May 01, 2022
Nov. 01, 2021
USD ($)
Oct. 13, 2021
USD ($)
agency
Apr. 01, 2021
USD ($)
agency
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Apr. 20, 2022
USD ($)
Apr. 19, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 21, 2021
Jun. 30, 2021
USD ($)
LONG-TERM DEBT                          
Interest expense             $ 9,100,000 $ 400,000          
Capitalized interest               $ 0          
Revolving credit facility                          
LONG-TERM DEBT                          
Minimum current ratio covenant   1.00                      
Revolving credit facility | LIBOR | Minimum                          
LONG-TERM DEBT                          
Basis spread on variable rate           0.00%              
Revolving credit facility | Eurodollar | Minimum                          
LONG-TERM DEBT                          
Basis spread on variable rate           2.00%              
Revolving credit facility | Eurodollar | Maximum                          
LONG-TERM DEBT                          
Basis spread on variable rate           3.00%              
Revolving credit facility | Reference Rate | Minimum                          
LONG-TERM DEBT                          
Basis spread on variable rate           1.00%              
Revolving credit facility | Reference Rate | Maximum                          
LONG-TERM DEBT                          
Basis spread on variable rate           2.00%              
Amended Credit Agreement | Revolving credit facility                          
LONG-TERM DEBT                          
Maximum borrowing capacity   $ 2,000,000,000.0                      
Elected commitments   $ 800,000,000   $ 400,000,000                  
Maximum pro-forma leverage ratio, criteria one, if circumstances met   1.50                   1.00  
Minimum pro-forma leverage ratio, criteria two, if circumstances met   1.50                      
Covenant, minimum percentage of mortgage on total value of certain proved oil and gas properties   90.00%                      
Amended Credit Agreement | Revolving credit facility | Subsequent Event                          
LONG-TERM DEBT                          
Elected commitments                 $ 1,000,000,000 $ 800,000,000      
Amended Credit Agreement | HighPoint | Revolving credit facility                          
LONG-TERM DEBT                          
Maximum borrowing capacity       1,000,000,000.0                 $ 750,000,000.0
Borrowing base amount   $ 1,000,000,000.0   $ 500,000,000                 $ 260,000,000
Maximum net leverage ratio       3.0                 3.50
Borrowing requirement, maximum cash balance       $ 500,000,000                  
Unamortized deferred financing costs             3,900,000       $ 6,800,000    
Amended Credit Agreement | HighPoint | Revolving credit facility | Subsequent Event                          
LONG-TERM DEBT                          
Borrowing base amount                 $ 1,700,000,000 $ 1,000,000,000      
Amended Credit Agreement | HighPoint | Revolving credit facility | Other Noncurrent Assets                          
LONG-TERM DEBT                          
Unamortized deferred financing costs             6,900,000       7,500,000    
Amended Credit Agreement | HighPoint | Revolving credit facility | Prepaid Expenses and Other Current Assets                          
LONG-TERM DEBT                          
Unamortized deferred financing costs             $ 2,700,000       $ 2,700,000    
Amended Credit Agreement | HighPoint | Revolving credit facility | LIBOR | Minimum                          
LONG-TERM DEBT                          
Basis spread on variable rate       0.50% 0.00%                
Amended Credit Agreement | HighPoint | Revolving credit facility | Eurodollar                          
LONG-TERM DEBT                          
Basis spread on variable rate       4.00% 3.00%                
Amended Credit Agreement | HighPoint | Revolving credit facility | Reference Rate                          
LONG-TERM DEBT                          
Basis spread on variable rate       3.00% 2.00%                
Amended Credit Agreement | HighPoint | Revolving credit facility | Base Rate | Minimum                          
LONG-TERM DEBT                          
Basis spread on variable rate         0.00%                
Amended Credit Agreement | HighPoint | Revolving credit facility | Base Rate | Maximum                          
LONG-TERM DEBT                          
Basis spread on variable rate       1.50%                  
Senior Notes | Senior Notes Due 2026, 5.0%                          
LONG-TERM DEBT                          
Interest rate (as a percent)     5.00%       5.00%       5.00%    
Aggregate principal amount     $ 400,000,000                    
Covenant, investment-grade rating, number of ratings agencies (at least) | agency     2                    
Unamortized deferred financing costs             $ 7,877,000       $ 8,290,000    
Senior Notes | Senior Notes Due 2026, 5.0%, Indenture                          
LONG-TERM DEBT                          
Interest rate (as a percent)     5.00%                    
Senior Notes | Senior Notes Due 2026, 7.50% | HighPoint                          
LONG-TERM DEBT                          
Interest rate (as a percent)       7.50%     7.50%       7.50%    
Aggregate principal amount       $ 100,000,000                  
Unamortized deferred financing costs             $ 0       $ 0    
Senior Notes | Senior Notes Due 2026, 7.50% | HighPoint | Subsequent Event                          
LONG-TERM DEBT                          
Interest rate (as a percent) 7.50%                        
Senior Notes | Senior Notes Due 2026, 7.50%, Indenture                          
LONG-TERM DEBT                          
Covenant, investment-grade rating, number of ratings agencies (at least) | agency       2                  
Senior Notes | Senior Notes Due 2026, 7.50%, Indenture | HighPoint                          
LONG-TERM DEBT                          
Interest rate (as a percent)       7.50%                  
Senior Notes | Debt Instrument, Redemption, Period One | Senior Notes Due 2026, 5.0%                          
LONG-TERM DEBT                          
Percentage of principal amount redeemed (up to)     35.00%                    
Redemption period, after date of closing of equity offering     180 days                    
Senior Notes | Debt Instrument, Redemption, Period One | Senior Notes Due 2026, 7.50% | HighPoint                          
LONG-TERM DEBT                          
Redemption price, percentage       107.50%                  
Senior Notes | Debt Instrument, Redemption, Period Two | Senior Notes Due 2026, 5.0%                          
LONG-TERM DEBT                          
Redemption price, percentage     102.50%                    
Percentage of principal amount not redeemed     65.00%                    
Senior Notes | Debt Instrument, Redemption, Period Two | Senior Notes Due 2026, 7.50% | HighPoint                          
LONG-TERM DEBT                          
Redemption price, percentage       100.00%                  
Senior Notes | Debt Instrument, Redemption, Period Two | Senior Notes Due 2026, 7.50% | HighPoint | Subsequent Event                          
LONG-TERM DEBT                          
Redemption price, percentage 100.00%                        
Senior Notes | Debt Instrument, Redemption, Period Three | Senior Notes Due 2026, 5.0%                          
LONG-TERM DEBT                          
Redemption price, percentage     101.25%                    
Senior Notes | Debt Instrument, Redemption, Period Four | Senior Notes Due 2026, 5.0%                          
LONG-TERM DEBT                          
Redemption price, percentage     100.00%                    
Senior Notes | Debt Instrument, Redemption, Period Five | Senior Notes Due 2026, 5.0%                          
LONG-TERM DEBT                          
Redemption price, percentage     105.00%