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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The Company’s long-term debt consists of the following:
 
December 31,
 
2018
 
2017
 
(In thousands)
Oasis Credit Facility
$
468,000

 
$
70,000

OMP Credit Facility
318,000

 
78,000

Senior unsecured notes
 
 
 
7.25% senior unsecured notes due February 1, 2019
—

 
54,275

6.50% senior unsecured notes due November 1, 2021
71,835

 
395,501

6.875% senior unsecured notes due March 15, 2022
901,480

 
937,080

6.875% senior unsecured notes due January 15, 2023
366,094

 
366,094

6.25% senior unsecured notes due May 1, 2026
400,000

 
—

2.625% senior unsecured convertible notes due September 15, 2023
300,000

 
300,000

Total principal of senior unsecured notes
2,039,409

 
2,052,950

Less: unamortized deferred financing costs on senior unsecured notes
(20,865
)
 
(22,956
)
Less: unamortized debt discount on senior unsecured convertible notes
(69,268
)
 
(80,388
)
Total long-term debt
$
2,735,276

 
$
2,097,606
Schedule of Long-Term Debt Interest Rate
As of December 31, 2018, any outstanding LIBOR and ABR loans would have borne their respective interest rates plus the applicable margin indicated in the following table: 
Total Commitment Utilization Percentage
Applicable Margin
for LIBOR Loans
 
Applicable Margin
for ABR Loans
Less than 25%
1.50
%
 
0.00
%
Greater than or equal to 25% but less than 50%
1.75
%
 
0.25
%
Greater than or equal to 50% but less than 75%
2.00
%
 
0.50
%
Greater than or equal to 75% but less than 90%
2.25
%
 
0.75
%
Greater than or equal to 90%
2.50
%
 
1.00
%
The applicable margin for borrowings under the OMP Credit Facility is determined in accordance with the OMP Credit Agreement as follows:
Consolidated Total Leverage Ratio
Applicable Margin
for Eurodollar Loans
 
Applicable Margin
for ABR Loans
 
Commitment Fee Rate
Less than or equal to 3.00 to 1.00
1.75
%
 
0.75
%
 
0.375
%
Greater than 3.00 to 1.00 but less than or equal to 3.50 to 1.00
2.00
%
 
1.00
%
 
0.375
%
Greater than 3.50 to 1.00 but less than or equal to 4.00 to 1.00
2.25
%
 
1.25
%
 
0.500
%
Greater than 4.00 to 1.00 but less than or equal to 4.50 to 1.00
2.50
%
 
1.50
%
 
0.500
%
Greater than 4.50 to 1.00
2.75
%
 
1.75
%
 
0.500
%