XML 58 R42.htm IDEA: XBRL DOCUMENT v3.23.1
LONG-TERM DEBT - Narrative (Details)
3 Months Ended
May 01, 2022
Apr. 20, 2022
USD ($)
Nov. 01, 2021
USD ($)
Oct. 13, 2021
USD ($)
agency
Mar. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
Apr. 28, 2023
USD ($)
Dec. 31, 2022
USD ($)
Oct. 27, 2022
USD ($)
Apr. 30, 2021
USD ($)
LONG-TERM DEBT                    
Interest expense         $ 7,400,000 $ 9,100,000        
Capitalized interest         0 $ 0        
Revolving credit facility                    
LONG-TERM DEBT                    
Minimum current ratio covenant     1.00              
Amended Credit Agreement | Revolving credit facility                    
LONG-TERM DEBT                    
Maximum borrowing capacity     $ 2,000,000,000              
Covenant, minimum percentage of mortgage on total value of certain proved oil and gas properties     90.00%              
Maximum net leverage ratio     3.00              
Borrowing base amount   $ 1,700,000,000 $ 1,000,000,000           $ 1,850,000,000  
Elected commitments   $ 1,000,000,000 $ 800,000,000              
Amended Credit Agreement | Revolving credit facility | Subsequent Event                    
LONG-TERM DEBT                    
Borrowing base amount             $ 1,850,000,000      
Elected commitments             $ 1,000,000,000      
Amended Credit Agreement | Revolving credit facility | Fed Funds Effective Rate Overnight Index Swap Rate                    
LONG-TERM DEBT                    
Basis spread on variable rate   0.50%                
Amended Credit Agreement | Revolving credit facility | SOFR                    
LONG-TERM DEBT                    
Basis spread on variable rate   1.00%                
Basis spread on variable rate, floor   0.50%                
Amended Credit Agreement | Revolving credit facility | SOFR | Minimum                    
LONG-TERM DEBT                    
Basis spread on variable rate   2.00%                
Amended Credit Agreement | Revolving credit facility | SOFR | Maximum                    
LONG-TERM DEBT                    
Basis spread on variable rate   3.00%                
Amended Credit Agreement | Revolving credit facility | SOFR, Plus Basis Spread One                    
LONG-TERM DEBT                    
Basis spread on variable rate, floor   1.50%                
Amended Credit Agreement | Revolving credit facility | SOFR, Plus Basis Spread One | Minimum                    
LONG-TERM DEBT                    
Basis spread on variable rate   1.00%                
Amended Credit Agreement | Revolving credit facility | SOFR, Plus Basis Spread One | Maximum                    
LONG-TERM DEBT                    
Basis spread on variable rate   2.00%                
Amended Credit Agreement | HighPoint Merger | Revolving credit facility                    
LONG-TERM DEBT                    
Deferred financing costs, gross         11,900,000          
Deferred financing costs, net         4,800,000     $ 5,500,000    
Debt issuance costs         $ 3,000,000          
Senior Notes | Senior Notes Due 2026, 5.0%                    
LONG-TERM DEBT                    
Interest rate (as a percent)       5.00% 5.00%          
Aggregate principal amount       $ 400,000,000            
Covenant, investment-grade rating, number of ratings agencies (at least) | agency       2            
Debt issuance costs         $ 6,307,000     $ 6,707,000    
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 Merger                    
LONG-TERM DEBT                    
Interest rate (as a percent)                   7.50%
Aggregate principal amount                   $ 100,000,000
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 Merger                    
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 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 Five | Senior Notes Due 2026, 5.0%                    
LONG-TERM DEBT                    
Redemption price, percentage       105.00%