XML 53 R42.htm IDEA: XBRL DOCUMENT v3.19.1
Long-Term Debt (Details)
$ in Thousands
3 Months Ended
Nov. 06, 2018
Dec. 15, 2017
USD ($)
Apr. 19, 2017
USD ($)
Mar. 31, 2019
USD ($)
Mar. 31, 2018
USD ($)
Apr. 12, 2019
USD ($)
Dec. 31, 2018
USD ($)
Apr. 20, 2018
USD ($)
Bank Borrowings                
Long-term Debt, excluding current maturities       $ 424,207     $ 387,988  
Gross interest expense including amortization of debt issuance costs       8,759 $ 5,890      
Capitalized interest on our unproved properties       100 400      
Second Lien [Abstract]                
Long-term debt, gross       431,000     395,000  
New Credit Facility [Member]                
Bank Borrowings                
Debt Issuance Costs, Net       4,100     4,500  
Second Lien Notes [Member]                
Bank Borrowings                
Debt Issuance Costs, Net       5,067     5,230  
Long-term Debt, excluding current maturities   $ 198,000   200,000     200,000  
Debt instrument escalating basis spread on base rate   50            
Gross interest expense including amortization of debt issuance costs       5,300 4,700      
Second Lien [Abstract]                
Long-term debt, gross   $ 200,000            
Debt Instrument, Unamortized Discount   (2,000)   $ (1,726)     (1,782)  
Additional notes issuable   $ 100,000            
Additional interest in the event of default   0.020            
Make whole premium during years 1 and 2   0.02            
Make whole premium during year 3   0.02            
Make whole premium during year 4   0.01            
Second Lien, Required Security Interest on Proved Reserves   85.00%            
Second Lien, Required Security Interest on Oil and Gas Properties   85.00%            
Second Lien, Asset Coverage Ratio, Minimum   1.25            
Discount Rate for Estimated Future Net Revenues from Proved Properties       10.00%        
Second Lien, Covenant, Debt to EBITDA Ratio, Minimum   4.5            
Long-term debt, net       $ 193,200        
Second Lien Notes [Member] | Alternative Base Interest Rate [Member]                
Bank Borrowings                
Debt instrument escalating basis spread on base rate   0.065            
Second Lien Notes [Member] | London Interbank Offered Rate (LIBOR) [Member]                
Bank Borrowings                
Debt instrument escalating basis spread on base rate   0.075            
Line of Credit [Member] | New Credit Facility [Member]                
Bank Borrowings                
Long-term Debt, excluding current maturities       231,000     $ 195,000  
Line of Credit Facility, Current Borrowing Capacity               $ 330,000
Decrease in applicable margin to calculate interest 25              
Line of Credit Facility, Maximum Borrowing Capacity     $ 600,000          
Line of Credit, Letters of Credit Issuable     $ 25,000          
Commitment fee basis points for the credit facility     0.50%          
Line of Credit, Additional Interest Due to Payment Default     2.00%          
Line of Credit, Required Security Interest on Oil and Gas Properties     85.00%          
Line of Credit, Covenant, Debt to EBITDA Ratio, Minimum     4.0          
Line of Credit, Covenant, Current Ratio, Minimum     1.0          
Gross interest expense including amortization of debt issuance costs       $ 3,500 $ 1,500      
Line of Credit [Member] | New Credit Facility [Member] | Minimum [Member] | Alternative Base Interest Rate [Member]                
Bank Borrowings                
Debt instrument escalating basis spread on base rate 0.0100              
Debt Instrument Escalating Rates for Eurodollar Rate Loans 0.0200              
Line of Credit [Member] | New Credit Facility [Member] | Maximum [Member] | Alternative Base Interest Rate [Member]                
Bank Borrowings                
Debt instrument escalating basis spread on base rate 0.0200              
Debt Instrument Escalating Rates for Eurodollar Rate Loans 0.0300              
Subsequent Event [Member] | Line of Credit [Member] | New Credit Facility [Member]                
Bank Borrowings                
Line of Credit Facility, Current Borrowing Capacity           $ 410,000