Derivatives (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss)

The following table summarizes derivative activity for the years ended December 31, 2022, 2021 and 2020 (in thousands):

	Year Ended December 31,
	2022		2021		2020
(Gain) loss on derivative contracts	$	(5,975)	$	2,251	$	(5,765)
Cash paid (received) on settlements	$	(1,525)	$	2,230	$	(5,879)

Offsetting Assets and Liabilities

The following tables summarize (i) the Company's commodity derivative contracts on a gross basis, (ii) the effects of netting assets and liabilities for which the right of offset exists based on master netting arrangements and (iii) for the Company’s net derivative positions as of December 31, 2022 and 2021 (in thousands):

December 31, 2022

	Gross Amounts		Gross Amounts Offset		Amounts Net of Offset		Financial Collateral		Net Amount
Assets
Derivative contracts - current	$	4,429	$	—	$	4,429	$	—	$	4,429
Total	$	4,429	$	—	$	4,429	$	—	$	4,429

December 31, 2021

	Gross Amounts		Gross Amounts Offset		Amounts Net of Offset		Financial Collateral		Net Amount
Liabilities
Derivative contracts - current	$	200	$	179	$	21	$	—	$	21
Total	$	200	$	179	$	21	$	—	$	21

Schedule of Derivative Instruments

These commodity derivative contracts consisted of the following:

	Notional	Units	Weighted Average Fixed Price per Unit
Natural Gas Price Swaps: January 2023 - March 2023	1,044,000	MMBtu	$	8.39

Fair Value of Derivative Contracts

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

		December 31,
Type of Contract	Balance Sheet Classification	2022
Derivative assets
Natural Gas	Current assets - Derivative Contracts	$	4,429

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