XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.20.2

Impairment | 6 Months Ended
--- | ---
Jun. 30, 2020
Property, Plant and Equipment [Abstract] |
Impairment | Impairment The Company assesses the need to impair its oil and gas properties during its quarterly full cost pool ceiling limitation calculation. The Company analyzes various property, plant and equipment for impairment when certain triggering events occur by comparing the carrying values of the assets to their estimated fair values. The full cost pool ceiling limitation and estimated fair values of other assets were determined in accordance with the policies discussed in Note 1. In the three-month period ended June 30, 2020, we recorded a total impairment charge of $201.8 million, which included a full cost ceiling limitation impairment charge of $163.8 million, and an impairment charge of $38.0 million to w rite down the value of the Company's office headquarters, classified as assets held for sale, to its estimated fair value less estimated costs to sell the building. In the six-month period ended June 30, 2020, we recorded a total impairment charge of $209.8 million, which included a full cost ceiling limitation impairment charge of $171.8 million, and an impairment charge of $38.0 million to w rite down the value of the Company's office headquarters, classified as assets held for sale, to its estimated fair value less estimated costs to sell the building. The ceiling limitation impairment charges recorded in the six-month period ended June 30, 2020 resulted from various factors, including a decrease in proved reserve value driven by a significant decline in the trailing twelve-month weighted average oil and natural gas prices in the first and second quarters of 2020. No impairment was recorded for the three and six-month period ended June 30, 2019. Impairment charges for the Company's office headquarters is further discussed in Note 6. Calculation of the full cost ceiling test is based on, among other factors, average prices for the trailing twelve-month period determined by reference to the first-day-of-the-month index prices ("SEC prices") as adjusted for price differentials and other contractual arrangements. The SEC prices utilized in the calculation of proved reserves included in the full cost ceiling test at June 30, 2020 were $47.17 per barrel of oil and $2.07 per Mcf of natural gas, before price differential adjustments.

X
- Definition The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported. + References No definition available. + Details
Name: | us-gaap_AssetImpairmentChargesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration