Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Fair value hierarchy of financial assets and liabilities

The following table sets forth, by level within the fair value hierarchy, our financial assets and liabilities that were accounted for at fair value on a recurring basis as of the periods indicated:

	Fair Value Measurements Using:
In thousands	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
March 31, 2021
Assets
Oil derivative contracts – current	$	—	$	236	$	—	$	236
Oil derivative contracts – long-term	—		3,021		—		3,021
Total Assets	$	—	$	3,257	$	—	$	3,257
Liabilities
Oil derivative contracts – current	$	—	$	(129,124)	$	—	$	(129,124)
Oil derivative contracts – long-term	—		(10,188)		—		(10,188)
Total Liabilities	$	—	$	(139,312)	$	—	$	(139,312)
December 31, 2020
Assets
Oil derivative contracts – current	$	—	$	187	$	—	$	187
Total Assets	$	—	$	187	$	—	$	187
Liabilities
Oil derivative contracts – current	$	—	$	(53,865)	$	—	$	(53,865)
Oil derivative contracts – long-term	—		(5,087)		—		(5,087)
Total Liabilities	$	—	$	(58,952)	$	—	$	(58,952)