FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of fair value of the Company's financial assets and liabilities

The following tables set forth by level within the fair value hierarchy the Company's financial assets and liabilities that were accounted for at fair value as of June 30, 2017 (Successor) and December 31, 2016 (Successor) (in thousands):

	Successor
	June 30, 2017
	Level 1		Level 2		Level 3		Total
Assets
Receivables from derivative contracts	$	—	$	31,866	$	—	$	31,866


Liabilities
Liabilities from derivative contracts	$	—	$	643	$	—	$	643

	December 31, 2016
	Level 1		Level 2		Level 3		Total
Assets
Receivables from derivative contracts	$	—	$	5,923	$	—	$	5,923


Liabilities
Liabilities from derivative contracts	$	—	$	16,920	$	—	$	16,920

Schedule of the estimated fair values of the Company's fixed interest rate debt instruments

The following table presents the estimated fair values of the Company's fixed interest rate debt instruments as of June 30, 2017 (Successor) and December 31, 2016 (Successor) (excluding discounts and debt issuance costs) (in thousands):

	Successor
	June 30, 2017				December 31, 2016
Debt	Principal Amount		Estimated Fair Value		Principal Amount		Estimated Fair Value
8.625% senior secured second lien notes	$	—	$	—	$	700,000	$	733,250
12.0% senior secured second lien notes		112,826		131,672		112,826		123,827
6.75% senior notes		850,000		765,408		—		—

	$	962,826	$	897,080	$	812,826	$	857,077