Derivatives (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss)

The following table summarizes derivative activity for the years ended December 31, 2023, 2022 and 2021, (in thousands):

	Year Ended December 31,
	2023		2022		2021
(Gain) loss on derivative contracts	$	(1,447)	$	(5,975)	$	2,251
Realized settlement gains (losses) on derivative contracts	$	5,876	$	1,525	$	(2,230)

Schedule of Offsetting Assets

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 asset positions as of December 31, 2022 (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

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):

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