Fair Value Measures and Disclosures (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value of Derivatives

As of September 30, 2022 and December 31, 2021 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):

September 30, 2022

	Fair Value Measurements						Netting (1)		Assets at Fair Value
	Level 1		Level 2		Level 3
Assets
Commodity derivative contracts	$	—	$	4,040	$	—	$	—	$	4,040
Total	$	—	$	4,040	$	—	$	—	$	4,040

December 31, 2021

	Fair Value Measurements						Netting (1)		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	September 30, 2022
Derivative assets
Natural Gas	Current assets - Derivative Contracts	$	4,040
Total net derivative contracts		$	4,040

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