Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2023 and 2022, by level within the fair value hierarchy:

	December 31, 2023
	Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Commodity derivative assets	$	—	$	14,766	$	—	$	14,766
Interest rate assets	$	—	$	869	$	—	$	869
Financial liabilities:
Commodity derivative liabilities	$	—	$	(8,686)	$	—	$	(8,686)
	December 31, 2022
	Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Commodity derivative assets	$	—	$	73	$	—	$	73
Financial liabilities:
Commodity derivative liabilities	$	—	$	(16,537)	$	—	$	(16,537)

The following table summarizes the fair value and carrying amount of the Company's financial instruments.

	December 31, 2023				December 31, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Credit Facility (Level 2)	$	185,000	$	185,000	$	56,000	$	56,000
Senior Notes (Level 2)(1)	$	170,959	$	185,346	$	—	$	—

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(1)The carrying value reported for the Senior Notes is shown net of unamortized discount and unamortized deferred financing costs.