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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2023
FAIR VALUE MEASUREMENTS  
Schedule of fair value of the Company's financial assets and liabilities

liabilities associated with commodity-based derivative contracts that were accounted for at fair value as of December 31, 2023 and 2022 (in thousands):

December 31, 2023

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets

Assets from commodity-based derivative contracts

$

$

13,869

$

$

13,869

Liabilities

Liabilities from commodity-based derivative contracts

$

$

33,249

$

$

33,249

December 31, 2022

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets

Assets from commodity-based derivative contracts

$

$

21,623

$

$

21,623

Liabilities

Liabilities from commodity-based derivative contracts

$

$

62,935

$

$

62,935

Schedule of changes in fair value of the change of control call option

Change of Control

Call Option

Balance at December 31, 2022

$

4,136

Change in fair value

(2,052)

Balance at December 31, 2023

$

2,084