Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

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 September 30, 2024, and December 31, 2023, by level within the fair value hierarchy:

	September 30, 2024
	Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Commodity derivative assets	$	—	$	22,399	$	—	$	22,399
Interest rate assets	$	—	$	637	$	—	$	637
Financial liabilities:
Commodity derivative liabilities	$	—	$	(8,366)	$	—	$	(8,366)
Interest rate liabilities	$	—	$	(30)	$	—	$	(30)
	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)

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

	September 30, 2024				December 31, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Credit Facility (Level 2)	$	130,000	$	130,000	$	185,000	$	185,000
Senior Notes (Level 2)(1)	$	158,620	$	178,054	$	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.