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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Valuation of Financial Instruments by Pricing Levels

The following tables summarize the valuation of derivative instruments by pricing levels that were accounted for at fair value on a recurring basis as of March 31, 2024 and December 31, 2023.

 

 

Fair value measurements at March 31, 2024 using:

 

 

 

 

In thousands

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Derivative assets (liabilities):

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil fixed price swaps

 

$

 

 

$

(54,805

)

 

$

 

 

$

(54,805

)

Crude oil NYMEX roll swaps

 

 

 

 

 

(3,366

)

 

 

 

 

 

(3,366

)

Natural gas WAHA swaps

 

 

 

 

 

21,194

 

 

 

 

 

 

21,194

 

Natural gas fixed price swaps

 

 

 

 

 

336,515

 

 

 

 

 

 

336,515

 

Total

 

$

 

 

$

299,538

 

 

$

 

 

$

299,538

 

 

 

Fair value measurements at December 31, 2023 using:

 

 

 

 

In thousands

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Derivative assets (liabilities):

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil fixed price swaps

 

$

 

 

$

146,243

 

 

$

 

 

$

146,243

 

Crude oil NYMEX roll swaps

 

 

 

 

 

6,888

 

 

 

 

 

 

6,888

 

Natural gas WAHA swaps

 

 

 

 

 

21,523

 

 

 

 

 

 

21,523

 

Natural gas fixed price swaps

 

 

 

 

 

321,350

 

 

 

 

 

 

321,350

 

Natural gas collars

 

 

 

 

 

11,923

 

 

 

 

 

 

11,923

 

Total

 

$

 

 

$

507,927

 

 

$

 

 

$

507,927