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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of contracts for oil and natural gas
The following is a summary of the Company’s open costless collar contracts at December 31, 2025.
CommodityCalculation PeriodNotional Quantity (Bbl or MMBtu)Weighted Average Price Floor
($/Bbl or
$/MMBtu)		Weighted Average Price Ceiling
($/Bbl or
$/MMBtu)		Fair Value of Asset (Liability) (thousands)
Oil01/01/2026 - 12/31/20266,752,500 $50.00 $65.00 $717 
Natural Gas01/01/2026 - 12/31/202654,750,000 $3.50 $6.70 17,396 
Total open costless collar contracts$18,113 

The following is a summary of the Company’s open basis differential swap contracts at December 31, 2025.
Notional Quantity (MMBtu)Fixed Price
($/MMBtu)		Fair Value of Asset (Liability) (thousands)
  Commodity       Calculation Period     
Natural Gas Basis Differential01/01/2026 - 12/31/202654,750,000 $(2.52)$15,939 
Total open basis differential swap contracts$15,939 
Summary of offsetting assets
The following table presents the gross asset and liability fair values of the Company’s commodity price derivative financial instruments and the location of these balances in the consolidated balance sheets as of December 31, 2025 and December 31, 2024 (in thousands).
Derivative InstrumentsGross amounts recognizedGross amounts netted in the consolidated balance sheetsNet amounts presented in the consolidated balance sheets
December 31, 2025
Current assets$57,450 $(23,398)$34,052 
Current liabilities(23,398)23,398 — 
Total$34,052 $— $34,052 
December 31, 2024
Current assets$19,899 $(3,931)$15,968 
Current liabilities(3,931)3,931 — 
Total$15,968 $— $15,968 
Summary of offsetting liabilities
The following table presents the gross asset and liability fair values of the Company’s commodity price derivative financial instruments and the location of these balances in the consolidated balance sheets as of December 31, 2025 and December 31, 2024 (in thousands).
Derivative InstrumentsGross amounts recognizedGross amounts netted in the consolidated balance sheetsNet amounts presented in the consolidated balance sheets
December 31, 2025
Current assets$57,450 $(23,398)$34,052 
Current liabilities(23,398)23,398 — 
Total$34,052 $— $34,052 
December 31, 2024
Current assets$19,899 $(3,931)$15,968 
Current liabilities(3,931)3,931 — 
Total$15,968 $— $15,968 
Summary of location and aggregate fair value of all derivative financial instruments recorded in the consolidated statements of operations
The following table summarizes the location and aggregate gain (loss) of all derivative financial instruments recorded in the consolidated statements of income for the periods presented (in thousands).
Year Ended December 31,
Type of InstrumentLocation in Statements of Income202520242023
Derivative Instrument
Natural GasRevenues: Realized gain (loss) on derivatives$21,679 $12,724 $(9,575)
Realized gain (loss) on derivatives21,679 12,724 (9,575)
OilRevenues: Unrealized (loss) gain on derivatives(2,958)3,676 — 
Natural GasRevenues: Unrealized gain (loss) on derivatives21,042 9,623 (1,261)
Unrealized gain (loss) on derivatives18,084 13,299 (1,261)
Total$39,763 $26,023 $(10,836)