COMMODITY DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

December 31, 2022
Contract Type	Contract Period	Weighted Average Trade Price (Barrels)		Remaining Volume (Barrels)	Fair Value
				(in thousands)	(in thousands)
Swap	Nov. 2022 - Feb. 2023	$	4.19	5	(42)
Swap	Nov. 2022 - Feb. 2023	$	5.51	3	(27)
Future	Sept. 2022 - Dec. 2022	$	32.14	25	76
Future	Sept. 2022 - Dec. 2022	$	23.57	35	(92)
Future	Nov. 2022 - Feb. 2023	$	33.71	10	(23)
Futures	Sept. 2022 - Dec. 2022	$	23.75	10	30
Futures	Dec. 2022 - Mar. 2023	$	36.08	35	(74)
Futures	Dec. 2022 - Apr. 2023	$	35.97	1,000	(1,100)
Futures	Dec. 2022 - May. 2023	$	35.81	1,000	(1,070)
Futures	Dec. 2022 - Jun. 2023	$	35.60	1,000	2,080

December 31, 2021
Contract Type	Contract Period	Weighted Average Trade Price (Barrels)		Remaining Volume (Barrels)	Fair Value
				(in thousands)	(in thousands)
Options	Dec. 2021-Mar. 2022	$	3.18	18	$	136
Futures	Dec. 2021-Mar. 2022	$	31.59	20	$	71
Futures	Dec. 2021-Mar. 2022	$	32.48	50	$	(111)

Fair Value of Derivative Instruments Within Balance Sheet

The carrying values of the Company's derivatives positions and their locations on the consolidated balance sheets as of December 31, 2022 and 2021 are presented in the table below (in thousands):

Balance Sheet Classification	Contract Type	2022		2021
	Crude oil future	$	2,186	$	—
	Crude oil options	$	—	$	136
	Crude oil swaps	$	(69)	$	—
	Crude oil futures	$	(2,359)	$	(40)
Derivative commodity asset (liability)		$	(242)	$	96