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Fair Value Measurements of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Measurements of Financial Instruments  
Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the derivative assets and liabilities that are measured at fair value on a recurring basis at December 31, 2022 and December 31, 2021 for each of the fair value hierarchy levels:

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Fair Value Measurements at December 31, 2022

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​

​

​

​

​

Significant

​

​

​

​

​

Quoted Prices in

​

Significant Other

​

Unobservable

​

​

​

​

​

Active Market

​

Observable Inputs

​

 Inputs

​

​

​

​

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Fair Value

​

​

(In thousands)

Assets:

 

​

  

 

​

  

 

​

  

 

​

  

Commodity derivatives

​

$

—

​

$

6,257

​

$

—

​

$

6,257

Interest rate derivatives

​

 

—

​

 

—

​

 

—

​

 

—

Total assets

​

$

—

​

$

6,257

​

$

—

​

$

6,257

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities:

​

 

  

​

 

  

​

 

  

​

 

  

Commodity derivatives

​

$

—

​

$

27,141

​

$

—

​

$

27,141

Interest rate derivatives

​

 

—

​

 

—

​

 

—

​

 

—

Total liabilities

​

$

—

​

$

27,141

​

$

—

​

$

27,141

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Fair Value Measurements at December 31, 2021 

​

​

​

​

​

​

Significant

​

​

​

​

​

Quoted Prices in

​

Significant Other

​

Unobservable 

​

​

​

​

​

Active Market

​

Observable Inputs

​

Inputs

​

​

​

​

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Fair Value

​

​

(In thousands)

Assets:

​

  

​

​

  

​

​

  

​

​

  

​

Commodity derivatives

​

$

—

​

$

7,967

​

$

—

​

$

7,967

Interest rate derivatives

​

 

—

​

 

—

​

 

—

​

 

—

Total assets

​

$

—

​

$

7,967

​

$

—

​

$

7,967

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities:

​

 

  

​

 

  

​

 

  

​

 

  

Commodity derivatives

​

$

—

​

$

70,152

​

$

—

​

$

70,152

Interest rate derivatives

​

 

—

​

 

623

​

 

—

​

 

623

Total liabilities

​

$

—

​

$

70,775

​

$

—

​

$

70,775

​