XML 64 R53.htm IDEA: XBRL DOCUMENT v3.20.2
DEBT - Senior Facility (Details)
$ in Thousands
 1 Months Ended 3 Months Ended 9 Months Ended
Oct. 29, 2020
USD ($)
Apr. 30, 2020
USD ($)
Oct. 18, 2019
Jul. 31, 2020
Apr. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
item
Mar. 31, 2020
Sep. 30, 2020
USD ($)
Nov. 01, 2020
USD ($)
Nov. 21, 2019
USD ($)
Oct. 08, 2019
USD ($)
Oct. 02, 2019
USD ($)
Oct. 01, 2019
USD ($)
Current and long-term debt                          
Debt           $ 144,000   $ 180,209          
Covenant compliance               As of September 30, 2020 (Successor), after giving effect to the Third Amendment, discussed below, the Company was in compliance with the financial covenants under the Senior Credit Agreement.          
Cash and cash equivalents           5,701   $ 1,827       $ 15,546 $ 15,546
Senior revolving credit facility                          
Current and long-term debt                          
Threshold of Total Net Indebtedness Leverage Ratio             3.50            
Senior revolving credit facility | Minimum                          
Current and long-term debt                          
Prepayment deficiency percentage exception     10.00%                    
Senior revolving credit facility | ABR-based | Minimum                          
Current and long-term debt                          
Applicable margin (as a percent)         1.50%                
Senior revolving credit facility | LIBOR | Maximum                          
Current and long-term debt                          
Variable rate percentage     50.00%                    
Successor Senior revolving credit facility                          
Current and long-term debt                          
Debt           $ 144,000   178,000          
Maximum borrowing capacity                     $ 750,000,000    
Current borrowing capacity               $ 195,000          
Number of interim unscheduled redeterminations of borrowing base to which the company and lender each have the right | item           1              
Number of consecutive semi-annual redeterminations between which the company and the lenders each have the right to one interim unscheduled redetermination of borrowing base | item           2              
Minimum mortgaged total value of proved Borrowing Base Properties               85.00%          
Amount outstanding               $ 178,000          
Letters of credit outstanding               4,700          
Borrowing capacity available               $ 12,300          
Successor Senior revolving credit facility | Minimum                          
Current and long-term debt                          
Current ratio               1.00          
Current Ratio waived       1.00                  
Successor Senior revolving credit facility | ABR-based | Maximum                          
Current and long-term debt                          
Applicable margin (as a percent)         2.50%                
Successor Senior revolving credit facility | LIBOR | Minimum                          
Current and long-term debt                          
Applicable margin (as a percent)         2.50%                
Successor Senior revolving credit facility | LIBOR | Maximum                          
Current and long-term debt                          
Applicable margin (as a percent)         3.50%                
First Amendment To Senior Revolving Credit Facility                          
Current and long-term debt                          
Current borrowing capacity                   $ 240,000      
Threshold of Total Net Indebtedness Leverage Ratio             3.50            
Second Amendment to the Senior Credit Agreement [Member]                          
Current and long-term debt                          
Current borrowing capacity   $ 200,000     $ 200,000                
Scheduled borrowing base reductions per month   5,000     $ 5,000                
Second Amendment to the Senior Credit Agreement [Member] | Minimum                          
Current and long-term debt                          
Maximum cash balance to be carried before needing to repay borrowings   $ 10,000                      
Credit facility, waiver, settlement   100.00%                      
Second Amendment to the Senior Credit Agreement [Member] | ABR-based | Minimum                          
Current and long-term debt                          
Applicable margin (as a percent)   1.50%                      
Second Amendment to the Senior Credit Agreement [Member] | ABR-based | Maximum                          
Current and long-term debt                          
Applicable margin (as a percent)   2.50%                      
Second Amendment to the Senior Credit Agreement [Member] | Euro-dollar based | Minimum                          
Current and long-term debt                          
Applicable margin (as a percent)   2.50%                      
Second Amendment to the Senior Credit Agreement [Member] | Euro-dollar based | Maximum                          
Current and long-term debt                          
Applicable margin (as a percent)   3.50%                      
Subsequent event | Senior revolving credit facility                          
Current and long-term debt                          
Amount available for issuance of letters of credit $ 25,000                        
Subsequent event | Successor Senior revolving credit facility                          
Current and long-term debt                          
Current borrowing capacity                 $ 190,000        
Subsequent event | Third Amendment to the Senior Credit Agreement                          
Current and long-term debt                          
Current borrowing capacity                 190,000        
Amount available for issuance of letters of credit $ 25,000                        
Minimum mortgaged total value of proved Borrowing Base Properties 90.00%                        
Maximum uncontested accounts payable or accrued expenses, liabilities or other obligations from remaining outstanding for longer than 90 days $ 3,000                        
Subsequent event | Third Amendment to the Senior Credit Agreement | Minimum                          
Current and long-term debt                          
Debt covenant, commodity hedging agreements, volume percentage 65.00%                        
Subsequent event | Second Amendment to the Senior Credit Agreement [Member]                          
Current and long-term debt                          
Scheduled borrowing base reductions per month $ 5,000                        
Forecast | Second Amendment to the Senior Credit Agreement [Member]                          
Current and long-term debt                          
Current borrowing capacity                 $ 185,000