TRADE AND OTHER RECEIVABLES

12 Months Ended

Dec. 31, 2023

Trade And Other Receivables1 [Abstract]

TRADE AND OTHER RECEIVABLES

NOTE 14 - TRADE AND OTHER RECEIVABLES

(AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AND PER UNIT DATA)

Trade receivables include amounts due from customers, entities that purchase the Group’s natural gas, NGLs and oil

production, and also include amounts due from joint interest owners, entities that own a working interest in the properties

operated by the Group. The majority of trade receivables are current, and the Group believes these receivables are collectible.

The following table summarizes the Group’s trade receivables. The fair value approximates the carrying value as of the

periods presented:

	December 31, 2023	December 31, 2022
Commodity receivables(a)	$172,045	$285,700
Other receivables(b)	34,691	20,022
Total trade receivables	$206,736	$305,722
Allowance for credit losses(c)	(16,529)	(8,941)
Total trade receivables, net	$190,207	$296,781

(a)Includes trade receivables and accrued revenues. The decrease in commodity receivables primarily reflects the decrease in commodity

pricing over the course of 2023.

(b)Other receivables consist primarily of joint interest receivables in 2023 and 2022.

(c)The allowance for credit losses is primarily related to amounts due from joint interest owners. Year-over-year increases is primarily due to

the declining commodity pricing environment during the year.