Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Recurring Fair Value Measurements

The following tables set forth our recurring fair value measurements:

	September 30, 2021
	Level 2		Level 3		Effect of Netting		Net Amounts Presented
	(In thousands)
Financial assets (liabilities):
Commodity derivatives:
Assets	$	—	$	—	$	—	$	—
Liabilities	(88,031)		—		—		(88,031)
Total commodity derivatives	$	(88,031)	$	—	$	—	$	(88,031)

	December 31, 2020
	Level 2		Level 3		Effect of Netting		Net Amounts Presented
	(In thousands)
Financial assets (liabilities):
Commodity derivatives:
Assets	$	3,436	$	—	$	(3,436)	$	—
Liabilities	(9,142)		—		3,436		(5,706)
Total commodity derivatives	$	(5,706)	$	—	$	—	$	(5,706)

Reconciliations Of Level 3 Fair Value Measurements

		Predecessor
		Two Months Ended August 31, 2020		Eight Months Ended August 31, 2020
	(In thousands)
Beginning of period		$	843	$	1,204
Total gains or losses (realized and unrealized):
Included in earnings (1)		(405)		872
Settlements		(438)		(2,076)
End of period		$	—	$	—
Total losses for the period included in earnings attributable to the change in unrealized gain (loss) relating to assets still held at end of period		$	(843)	$	(1,204)

_______________________

1.Commodity derivative activity is reported in the unaudited condensed consolidated statements of operations in gain (loss) on derivatives.