Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis by the fair value hierarchy (in thousands): There were no open commodity derivatives contracts as of December 31, 2020.

December 31, 2021

	Fair Value Measurements						Netting(1)		Assets/Liabilities at Fair Value
	Level 1		Level 2		Level 3
Liabilities
Commodity derivative contracts	$	—	$	200	$	—	$	179	$	21
Total	$	—	$	200	$	—	$	179	$	21

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(1)Represents the impact of netting assets and liabilities with counterparties where the right of offset exists.