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COMMODITY DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value and Classification of Derivative Instruments
The tables below summarize the fair values and classifications of the Partnership’s derivative instruments, as well as the gross recognized derivative assets, liabilities, and amounts offset in the consolidated balance sheets as of each date:
September 30, 2024
ClassificationBalance Sheet LocationGross
Fair Value		Effect of Counterparty NettingNet Carrying Value on Balance Sheet
  (in thousands)
Assets:
    
Current asset
Commodity derivative assets$19,178 $(1,031)$18,147 
Long-term asset
Deferred charges and other long-term assets3,458 (2,904)554 
 Total assets
 $22,636 $(3,935)$18,701 
Liabilities:
    
Current liability
Commodity derivative liabilities$1,031 $(1,031)$— 
Long-term liability
Commodity derivative liabilities5,912 (2,904)3,008 
Total liabilities
 $6,943 $(3,935)$3,008 
December 31, 2023
ClassificationBalance Sheet LocationGross
Fair Value		Effect of Counterparty NettingNet Carrying Value on Balance Sheet
  (in thousands)
Assets:
    
Current asset
Commodity derivative assets$41,485 $(3,212)$38,273 
Long-term asset
Deferred charges and other long-term assets498 (126)372 
 Total assets
 $41,983 $(3,338)$38,645 
Liabilities:
    
Current liability
Commodity derivative liabilities$4,441 $(3,212)$1,229 
Long-term liability
Commodity derivative liabilities207 (126)81 
Total liabilities
 $4,648 $(3,338)$1,310 
Schedule of Changes in Fair Value of Company's Commodity Derivative Instruments
Changes in the fair values of the Partnership’s derivative instruments (both assets and liabilities) are presented on a net basis in the accompanying consolidated statements of operations and consolidated statements of cash flows and consist of the following for the periods presented:
 Three Months Ended September 30,Nine Months Ended September 30,
Derivatives not designated as hedging instruments2024202320242023
(in thousands)
Beginning fair value of commodity derivative instruments$(5,118)$51,046 $37,335 $28,941 
Gain (loss) on oil derivative instruments25,444 (36,013)988 (21,232)
Gain (loss) on natural gas derivative instruments6,231 9,091 13,850 57,884 
Net cash paid (received) on settlements of oil derivative instruments3,852 (2,659)9,257 (4,431)
Net cash paid (received) on settlements of natural gas derivative instruments(14,716)(21,530)(45,737)(61,227)
Net change in fair value of commodity derivative instruments20,811 (51,111)(21,642)(29,006)
Ending fair value of commodity derivative instruments$15,693 $(65)$15,693 $(65)
Schedule of Open Derivative Contracts
The Partnership had the following open derivative contracts for oil as of September 30, 2024:
 Weighted Average Price (Per Bbl)Range (Per Bbl)
Period and Type of ContractVolume (Bbl)LowHigh
Oil Swap Contracts:    
2024    
Third Quarter190,000 $71.45 $67.00 $81.00 
Fourth Quarter570,000 71.45 67.00 81.00 
2025
First Quarter555,000 $71.22 $70.02 $73.15 
Second Quarter555,000 71.22 70.02 73.15 
Third Quarter555,000 71.22 70.02 73.15 
Fourth Quarter555,000 71.22 70.02 73.15 
2026
First Quarter120,000 $65.85 $65.52 $66.23 
Second Quarter120,000 65.85 65.52 66.23 
Third Quarter120,000 65.85 65.52 66.23 
Fourth Quarter120,000 65.85 65.52 66.23 
The Partnership had the following open derivative contracts for natural gas as of September 30, 2024:
 Weighted Average Price (Per MMBtu)Range (Per MMBtu)
Period and Type of ContractVolume (MMBtu)LowHigh
Natural Gas Swap Contracts:    
2024    
Fourth Quarter10,580,000 $3.55 $3.00 $3.76 
2025
First Quarter10,800,000 $3.36 $3.02 $3.65 
Second Quarter10,920,000 3.36 3.02 3.65 
Third Quarter11,040,000 3.45 3.34 3.65 
Fourth Quarter11,040,000 3.45 3.34 3.65 
2026
First Quarter7,200,000 $3.52 $3.50 $3.57 
Second Quarter7,280,000 3.52 3.50 3.57 
Third Quarter7,360,000 3.52 3.50 3.57 
Fourth Quarter7,360,000 3.52 3.50 3.57 
The Partnership entered into the following derivative contracts for oil subsequent to September 30, 2024:
 Weighted Average Price (Per Bbl)Range (Per Bbl)
Period and Type of ContractVolume (Bbl)LowHigh
Oil Swap Contracts:    
2026
First Quarter60,000 $67.18 $67.00 $67.35 
Second Quarter60,000 67.18 67.00 67.35 
Third Quarter60,000 67.18 67.00 67.35 
Fourth Quarter60,000 67.18 67.00 67.35