Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, by level within the fair value hierarchy:

	June 30, 2023
	Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Commodity derivative assets	$	—	$	17,221	$	—	$	17,221
Interest rate assets	$	—	$	1,294	$	—	$	1,294
Financial liabilities:
Commodity derivative liabilities	$	—	$	(13,169)	$	—	$	(13,169)
	December 31, 2022
	Level 1		Level 2		Level 3		Total
	(In thousands)
Financial assets:
Commodity derivative assets	$	—	$	73	$	—	$	73
Financial liabilities:
Commodity derivative liabilities	$	—	$	(16,537)	$	—	$	(16,537)

The following table summarizes the fair value and carrying amount of the Company's financial instruments.

	June 30, 2023				December 31, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Revolving Credit Facility (Level 2)	$	215,000	$	215,000	$	56,000	$	56,000
Senior Notes (Level 2)	$	179,256	$	195,000	$	—	$	—