DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Non-designated Hedges Outstanding [Table Text Block]

The following non-designated hedges were outstanding as of December 31, 2022:

Remaining Term	Commodity	Contracted Volume	Weighted Average  Fixed Price for Swaps	Contracted Market
Jan'23 - Feb'23	Natural gas - swap	27,627 MMBtu/day	$9.14	IF - NYMEX (HH)
Jan'23 - Dec'23	Natural gas - swap	22,000 MMBtu/day	$2.46	IF - NYMEX (HH)
Jan'23 - Mar'23	Natural gas - basis swap	25,000 MMBtu/day	$(0.17)	NGLP TEXOK
Jan'23 - Feb'23	Crude oil - swap	1,339 Bbl/day	$95.40	WTI - NYMEX
Jan'23 - Dec'23	Crude oil - swap	1,300 Bbl/day	$43.60	WTI - NYMEX

Fair Value Of Derivative Instruments And Locations In Balance Sheets [Table Text Block]

The following tables present the recognized liabilities on our consolidated balance sheets as of the dates identified:

		Balances as of December 31, 2022
	Balance Sheet Classification	Presented Gross		Effects of Netting		Presented Net
		(In thousands)
Assets:
Current Commodity Derivatives	Current derivative assets	$	8,547	$	(8,547)	$	—
Long-term Commodity Derivatives	Non-current derivative assets	—		—		—
Total derivative assets		$	8,547	$	(8,547)	$	—
Liabilities:
Current Commodity Derivatives	Current derivative liabilities	$	32,113	$	(8,547)	$	23,566
Long-term Commodity Derivatives	Non-current derivative liabilities	—		—		—
Warrant Liability	Warrant liability	—		—		—
Total derivative liabilities		$	32,113	$	(8,547)	$	23,566

		Balances as of December 31, 2021
	Balance Sheet Classification	Presented Gross		Effects of Netting		Presented Net
		(In thousands)
Liabilities:
Current Commodity Derivatives	Current derivative liabilities	$	40,876	$	—	$	40,876
Long-term Commodity Derivatives	Non-current derivative liabilities	17,855		—		17,855
Warrant Liability	Warrant liability	19,822		—		19,822
Total derivative liabilities		$	78,553	$	—	$	78,553

Effect Of Derivative Instruments Recognized In Statement Of Operations, Not Designated As Hedging Instruments [Table Text Block]

The following table presents the activity related to derivative instruments in the consolidated statements of operations during the periods indicated:

	Year Ended December 31,
	2022		2021
	(In thousands)
Loss on derivatives	$	(63,610)	$	(97,615)
Cash settlements paid on commodity derivatives	(98,775)		(44,591)
Loss on derivatives less cash settlements paid on commodity derivatives	$	35,165	$	(53,024)
Loss on change in fair value of warrants	$	(29,323)	$	(18,937)