Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019 (in thousands). 

	Fair Value Measurements at December 31, 2020 using
Description
	Level 1		Level 2		Level 3		Total
Assets (Liabilities)
Oil derivatives and basis swaps	$	—	$	(41,584)	$	—	$	(41,584)
Natural gas derivatives	—		5,695		—		5,695
Total	$	—	$	(35,889)	$	—	$	(35,889)

	Fair Value Measurements at December 31, 2019 using
Description
	Level 1		Level 2		Level 3		Total
Assets (Liabilities)
Oil derivatives and basis swaps	$	—	$	(3,881)	$	—	$	(3,881)
Total	$	—	$	(3,881)	$	—	$	(3,881)