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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Hierarchy of Fair Value, Assets and Liabilities Measured on Recurring Basis
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 on a recurring basis:
 
Fair value at December 31, 2018
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Money market funds
$
143

 
$

 
$

 
$
143

Commodity derivative instruments (see Note 8)

 
106,875

 

 
106,875

Total assets
$
143

 
$
106,875

 
$

 
$
107,018

Liabilities:
 
 
 
 
 
 
 
Commodity derivative instruments (see Note 8)
$

 
$
104

 
$

 
$
104

Total liabilities
$

 
$
104

 
$

 
$
104

 
 
 
 
 
 
 
 
 
Fair value at December 31, 2017
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Money market funds
$
142

 
$

 
$

 
$
142

Commodity derivative instruments (see Note 8)

 
353

 

 
353

Total assets
$
142

 
$
353

 
$

 
$
495

Liabilities:
 
 
 
 
 
 
 
Commodity derivative instruments (see Note 8)
$

 
$
135,567

 
$

 
$
135,567

Total liabilities
$

 
$
135,567

 
$

 
$
135,567