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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Recurring Fair Value Measurements
The following tables present our recurring fair value measurements by level as of the dates indicated:

Balances as of March 31, 2023
 Level 1Level 2Level 3Total
 (In thousands)
Financial liabilities:
Commodity derivative liabilities$— $12,571 $— $12,571 
$— $12,571 $— $12,571 

Balances as of December 31, 2022
 Level 1Level 2Level 3Total
 (In thousands)
Financial liabilities:
Commodity derivative liabilities$— $23,566 $— $23,566 
$— $23,566 $— $23,566 
Reconciliations Of Level 3 Fair Value Measurements
The following table presents the activity of our recurring Level 3 fair value measurements during the periods presented:

Three Months Ended March 31,
20232022
 (In thousands)
Beginning of period$— $19,822 
Loss on change in warrant liability— 36,612 
End of period$— $56,434