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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Summary of the valuation of the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis
The following tables summarize the valuation of the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis in accordance with the classifications provided above as of December 31, 2018 and 2017 (in thousands). 
 
 
Fair Value Measurements at
December 31, 2018 using
Description
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets (Liabilities)
 
 
 
 
 
 
 
 
Oil derivatives and basis swaps
 
$

 
$
49,562

 
$

 
$
49,562

Natural gas derivatives
 

 
284

 

 
284

Total
 
$

 
$
49,846

 
$

 
$
49,846

 
 
Fair Value Measurements at
December 31, 2017 using
Description
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets (Liabilities)
 
 
 
 
 
 
 
 
Oil derivatives and basis swaps
 
$

 
$
(16,429
)
 
$

 
$
(16,429
)
Natural gas derivatives
 

 
1,190

 

 
1,190

Total
 
$

 
$
(15,239
)
 
$

 
$
(15,239
)