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Prepaid and Other Current Assets
9 Months Ended
Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid and Other Current Assets Prepaid and Other Current Assets
Prepaid and other current assets at September 30, 2023 and December 31, 2022 consisted of the following (in thousands):
September 30, 2023December 31, 2022
Collateral posted with broker for derivative instruments (1)$22,834 $40,788 
Billings Acquisition deposit (2)— 30,000 
Prepaid insurance585 15,639 
Derivative assets18,138 — 
Other15,846 5,616 
Total$57,403 $92,043 
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(1)Our cash margin that is required as collateral deposits on our commodity derivatives cannot be offset against the fair value of open contracts except in the event of default. Please read Note 12—Derivatives for further information.
(2)Please read Note 5—Acquisitions for further information.