Fair Value (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize the carrying amounts, fair values and fair value measurements recorded or disclosed as of December 31, 2019 and September 30, 2020 based on the three levels established by ASC 820, Fair Value Measurements and Disclosures (in thousands):


	December 31, 2019
Assets (Liabilities)					Fair Value Measurements using:
	Carrying Amount		Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Commodity derivatives contracts	$	(10,222)	$	(10,222)	$	(10,222)	$	—	$	—

Basis derivative agreement	$	(17,304)	$	(17,304)	$	—	$	(17,304)
Long-term receivables	$	20,782	$	20,782	$	—	$	—	$	20,782
Guarantees and contractual obligations	$	(408)	$	(408)	$	—	$	—	$	(408)
Debt	$	(4,706,075)	$	(5,192,685)	$	—	$	(5,192,685)	$	—


	September 30, 2020
Assets (Liabilities)					Fair Value Measurements using:
	Carrying Amount		Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Commodity derivatives contracts	$	(1,646)	$	(1,646)	$	(1,646)	$	—	$	—



Basis derivative agreement	$	(12,274)	$	(12,274)	$	—	$	(12,274)	$	—
Long-term receivables	$	21,850	$	21,850	$	—	$	—	$	21,850
Guarantees and contractual obligations	$	(11,239)	$	(11,239)	$	—	$	—	$	(11,239)
Debt	$	(4,900,311)	$	(4,872,340)	$	—	$	(4,872,340)	$	—