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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Fair Value Measurement Inputs
As of the March 31, 2021 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 March 31, 2021Valuation TechniqueSignificant Unobservable InputsRange/Value
(In thousands)
Preferred Units Embedded Derivative$155,538 Option ModelAltus Midstream Company’s Imputed Interest Rate
7.15-12.51%
Interest Rate Volatility38.75%