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Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the Company's outstanding debt:
September 30, 2024December 31, 2023
(In thousands)
Credit Facility$130,000 $185,000 
Senior Notes
Principal170,000 185,000 
Less: Unamortized discount(1)
8,182 10,117 
Less: Unamortized deferred financing costs(1)
3,198 3,924 
Total Senior Notes158,620 170,959 
Total debt
288,620 355,959 
Less: Current portion of long-term debt(2)
20,000 20,000 
Total long-term debt$268,620 $335,959 
___________________
(1)Unamortized discount and unamortized deferred financing costs are attributable to and amortized over the term of the Senior Notes.
(2)As of September 30, 2024, and 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 Credit Facility The following table summarizes the Credit Facility balances:
September 30, 2024December 31, 2023
(In thousands)
Outstanding borrowings$130,000 $185,000 
Available under the borrowing base$245,000 $190,000 
Schedule of Components of Interest Expense
The following table summarizes the Company's interest expense:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(In thousands)
Interest expense7,597 9,899 $24,749 $20,964 
Interest income
(229)(51)(672)(51)
Capitalized interest(140)(839)(1,938)(2,289)
Amortization of deferred financing costs690 593 2,041 1,236 
Amortization of discount on Senior Notes653 596 1,934 1,234 
Unused commitment fees on Credit Facility218 140 599 421 
Total interest expense, net$8,789 $10,338 $26,713 $21,515