Fair Value Measures and Disclosures (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value of Derivatives

The following table summarize the Company’s assets measured at fair value on a recurring basis by the fair value hierarchy (in thousands):

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 effect of netting assets and liabilities for counterparties with which the right of offset exists.

The following table presents the fair value of the Company’s derivative contracts on a net basis with the same counterparty (in thousands):

Type of Contract	Balance Sheet Classification	December 31, 2021
Derivative liabilities
Natural Gas and NGL price swaps	Current liabilities - Derivative Contracts	$	21
Total net derivative contracts		$	21