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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the Company's outstanding debt:
June 30, 2023December 31, 2022
(In thousands)
Credit Facility$215,000 $56,000 
Senior Notes
Principal$195,000 $— 
Less: Unamortized discount(1)
11,362 — 
Less: Unamortized deferred financing costs(2)
4,382 — 
Total Senior Notes$179,256 $— 
Less: Current portion of long-term debt(3)
20,000 — 
Total long-term debt$374,256 $56,000 
_____________________
(1)Unamortized discount on long-term debt is amortized over the life of the respective debt.
(2)As of June 30, 2023, unamortized deferred financing costs are attributable to and amortized over the life of the Senior Notes.
(3)As of June 30, 2023, current portion of long-term debt reflects $20 million due on the Senior Notes over the next twelve months.
Schedule of Credit Facility The following table summarizes the Credit Facility balances:
June 30, 2023December 31, 2022
(In thousands)
Outstanding borrowings$215,000 $56,000 
Available under the borrowing base$110,000 $169,000 
Schedule of Components of Interest Expense
The following table summarizes the Company's interest expense:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(In thousands)
Interest expense$9,771 $583 $11,065 $1,107 
Capitalized interest(835)(190)(1,450)(330)
Amortization of deferred financing costs450 182 643 373 
Amortization of discount on Senior Notes638 — 638 — 
Unused commitment fees on Credit Facility137 122 281 225 
Total interest expense, net$10,161 $697 $11,177 $1,375