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Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Maturities of Long-Term Debt
Long-term debt consisted of the following as of the dates indicated:
December 31,
20202019
(In thousands)
5.375% senior notes due 2027
$479,938 $500,000 
Revolving credit facility84,000 96,500 
Unamortized debt issuance costs(2,058)(2,458)
Unamortized discount(6,236)(7,268)
Total long-term debt$555,644 $586,774 
Schedule of Financial Covenants
The credit agreement contains various affirmative, negative and financial maintenance covenants. These covenants, among other things, limit additional indebtedness, additional liens, sales of assets, mergers and consolidations, dividends and distributions, transactions with affiliates, excess cash and entering into certain swap agreements and require the maintenance of the financial ratios described below.
Financial CovenantRequired Ratio
Ratio of total net debt to EBITDAX, as defined in the credit agreement
Not greater than 4.0 to 1.0
Ratio of current assets to liabilities, as defined in the credit agreement
Not less than 1.0 to 1.0