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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables summarize the Company’s assets and liabilities measured at fair value on a recurring basis by the fair value hierarchy (in thousands):

December 31, 2019
 Fair Value MeasurementsNetting(1)Assets/Liabilities at Fair Value
 Level 1Level 2Level 3
Assets
Commodity derivative contracts$—  $114  $—  $—  $114  
$—  $114  $—  $—  $114  

December 31, 2018
 Fair Value MeasurementsNetting(1)Assets/Liabilities at Fair Value
 Level 1Level 2Level 3
Assets
Commodity derivative contracts$—  $5,286  $—  $—  $5,286  
$—  $5,286  $—  $—  $5,286  
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(1)Represents the impact of netting assets and liabilities with counterparties where the right of offset exists.