Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes the Company's outstanding debt:

	December 31,
	2023		2022
	(In thousands)
Credit Facility	$	185,000	$	56,000
Senior Notes
Principal	$	185,000	$	—
Less: Unamortized discount(1)	10,117		—
Less: Unamortized deferred financing costs(2)	3,924		—
Total Senior Notes	$	170,959	$	—
Total debt	$	355,959	$	56,000
Less: Current portion of long-term debt(3)	20,000		—
Total long-term debt	$	335,959	$	56,000

_____________________

(1)Unamortized discount on long-term debt is amortized over the life of the respective debt.

(2)As of December 31, 2023, unamortized deferred financing costs are attributable to and amortized over the life of the Senior Notes.

(3)As of December 31, 2023, the current portion of long-term debt reflects $20 million due on the Senior Notes over the next twelve months.

Schedule of Maturities of Long-Term Debt

Debt maturities as of December 31, 2023, excluding unamortized deferred financing costs, are as follows:

	Year Ending December 31,
	(In thousands)
2024	$	20,000
2025	20,000
2026	205,000
2027	20,000
2028	105,000
Thereafter	—
Total	$	370,000

Schedule of Credit Facility

The following table summarizes the Credit Facility balances:

	December 31,
	2023		2022
	(In thousands)
Outstanding borrowings	$	185,000	$	56,000
Available under the borrowing base	$	190,000	$	169,000

Schedule of Components of Interest Expense

The following table summarizes the Company's interest expense:

	Year Ended December 31,
	2023		2022
	(In thousands)
Interest expense	$	30,231	$	864
Capitalized interest	(3,187)		(1022)
Amortization of deferred financing costs	2,278		731
Amortization of discount on Senior Notes	1,883		—
Unused commitment fees on Credit Facility	611		517
Total interest expense, net	$	31,816	$	1,090