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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value Measurement Inputs
As of the June 30, 2020 valuation date, the Company used the forward B-rated Energy Bond Yield curve to develop the following key unobservable inputs used to value this embedded derivative:
 
 
Quantitative Information About Level 3 Fair Value Measurements
 
 
Fair Value at June 30, 2020
 
Valuation Technique
 
Significant Unobservable Inputs
 
Range/Value
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
 
 
 
 
 
Preferred Units Embedded Derivative
 
$
175,498

 
Option Model
 
Altus Midstream Company’s Imputed Interest Rate
 
14.16-15.57%
 
 
 
 
 
 
Interest Rate Volatility
 
35.56%