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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:

    

Fair Value Measurements at December 31, 2022

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