Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

There were no open commodity derivative contracts as of December 31, 2023. As of December 31, 2022 the following table summarizes the Company’s assets measured at fair value on a recurring basis by the fair value hierarchy (in thousands):

December 31, 2022

	Fair Value Measurements						Netting(1)		Assets at Fair Value
	Level 1		Level 2		Level 3
Assets
Commodity derivative contracts	$	—	$	4,429	$	—	$	—	$	4,429
Total	$	—	$	4,429	$	—	$	—	$	4,429

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