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DERIVATIVE INSTRUMENTS AND PRICE RISK MANAGEMENT (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Non-Cash Gains or Losses on Derivative Contracts
The following table presents settlements on commodity derivative instruments and unsettled gains and losses on open commodity derivative instruments for the periods presented which is recorded in the revenue section of our financial statements:

 Year ended December 31,
(In thousands)202220212020
Cash Received (Paid) on Settled Derivatives $(455,450)$(165,823)$188,264 
Non-Cash Mark-to-Market Gain (Loss) on Derivatives 40,187 (312,370)39,878 
Gain (Loss) on Commodity Derivatives, Net$(415,262)$(478,193)$228,141 
Schedule of Weighted Average Price of Open Commodity Derivative Contracts The following table summarizes open commodity derivative positions as of December 31, 2022, for commodity derivatives that were entered into through December 31, 2022, for the settlement period presented:
2023202420252026
Oil:
WTI NYMEX - Swaps:
Volume (Bbl)7,689,250 2,177,775 — — 
Weighted-Average Price ($/Bbl)$75.30 $75.98 $— $— 
WTI NYMEX - Swaptions(1):
Volume (Bbl)— 2,424,750 684,375 1,827,920 
Weighted-Average Price ($/Bbl)$— $67.61 $61.68 $62.29 
WTI NYMEX - Call Options(1):
Volume (Bbl)730,000 4,362,210 2,647,345 — 
Weighted-Average Price ($/Bbl)$63.48 $62.71 $71.54 $— 
WTI NYMEX - Collars:
Volume (Bbl)3,816,000 1,989,250 478,500 — 
Weighted-average floor price (Bbl)$74.45 $69.91 $70.00 $— 
Weighted-average ceiling price (Bbl)$89.43 $86.15 $78.62 $— 
Natural Gas:
Henry Hub NYMEX - Swaps:
Volume (MMBtu)18,921,000 9,040,000 — — 
Weighted-Average Price ($/MMBtu)$4.54 $4.19 $— $— 
Waha Swaps:
Volume (MMBtu)2,250,000 — — — 
Weighted-Average Price ($/MMBtu)$3.69 $— $— $— 
Waha Inside FERC to Henry Hub - Basis Swaps:
Volume (MMBtu)2,105,000 2,562,000 2,128,000 — 
Weighted-Average Differential ($/MMBtu)$(1.52)$(1.53)$(1.53)$— 
Henry Hub NYMEX - Call Options:
Volume (MMBtu)— 5,490,000 5,475,000 — 
Weighted-Average Price ($/MMBtu)$— $3.87 $3.87 
Henry Hub NYMEX - Collars:
Volume (MMBtu)18,187,500 1,820,000 
Weighted-average floor price ($/MMBtu)$4.16 $4.00 $— $— 
Weighted-average ceiling price ($/MMBtu)$6.76 $8.02 $— $— 
NE - TETCO M2 - Basis Swaps:
Volume (MMBtu)15,040,000 3,660,000 — — 
Weighted-Average Differential ($/MMBtu)$(1.04)$(1.24)$— $— 
______________
(1)Swaptions are crude oil derivative contracts that give counterparties the option to extend certain derivative contracts for additional periods. Call Options are crude oil derivative contracts sold by the Company that give counterparties the option to exercise certain derivative contracts. The volumes and prices reflected as Swaptions and Call Options in this table will only be effective if the options are exercised by the applicable counterparties.
Schedule of Derivatives
The following table sets forth the amounts, on a gross basis, and classification of the Company’s outstanding derivative financial instruments at December 31, 2022 and 2021, respectively.  Certain amounts may be presented on a net basis on the financial statements when such amounts are with the same counterparty and subject to a master netting arrangement:

(In thousands)December 31,
Estimated Fair Value
Type of CommodityBalance Sheet Location20222021
Derivative Assets:
Commodity Price Swap ContractsCurrent Assets$30,513 $4,272 
Commodity Basis Swap ContractsCurrent Assets5,620 1,916 
Interest Rate Swap ContractsCurrent Assets1,017 89 
Commodity Price Swaptions ContractsCurrent Assets— 3,020 
Commodity Price Collar ContractsCurrent Assets40,652 1,963 
Commodity Price Swap ContractsNoncurrent Assets11,490 3,619 
Commodity Basis Swap ContractsNoncurrent Assets547 309 
Commodity Price Collar ContractsNoncurrent Assets29,538 407 
Interest Rate Swap ContractsNoncurrent Assets— 123 
Total Derivative Assets$119,377 $15,719 
Derivative Liabilities:
Commodity Price Swap ContractsCurrent Liabilities$(53,386)$(138,389)
Commodity Basis Swap ContractsCurrent Liabilities(4,407)(1,309)
Commodity Price Swaptions ContractsCurrent Liabilities— (3,020)
Interest Rate Swap ContractsCurrent Liabilities— (189)
Commodity Price Collar ContractsCurrent Liabilities(29,218)(119)
Commodity Price Call Option ContractsCurrent Liabilities(13,916)— 
Commodity Price Swap ContractsNoncurrent Liabilities(8,343)(8,465)
Commodity Basis Swap ContractsNoncurrent Liabilities(3,071)(823)
Commodity Price Collar ContractsNoncurrent Liabilities(33,210)(275)
Commodity Price Call Option ContractsNoncurrent Liabilities(132,794)(71,815)
Commodity Price Swaptions ContractsNoncurrent Liabilities (77,515)(68,980)
Total Derivative Liabilities$(355,860)$(293,383)
 Estimated Fair Value at December 31, 2022
(In thousands)Gross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset on the
Balance Sheet		Net Amounts of Assets (Liabilities) Presented on the Balance Sheet
Offsetting of Derivative Assets:
Current Assets$77,802 $(42,509)$35,293 
Non-Current Assets41,575 (29,028)12,547 
Total Derivative Assets$119,377 $(71,537)$47,840 
Offsetting of Derivative Liabilities: 
Current Liabilities$(100,927)$42,509 $(58,418)
Non-Current Liabilities(254,933)29,028 (225,905)
Total Derivative Liabilities$(355,860)$71,537 $(284,324)

 Estimated Fair Value at December 31, 2021
(In thousands)Gross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset on the
Balance Sheet		Net Amounts of Assets (Liabilities) Presented on the Balance Sheet
Offsetting of Derivative Assets:
Current Assets$11,261 $(8,742)$2,519 
Non-Current Assets4,458 (2,595)1,863 
Total Derivative Assets$15,719 $(11,337)$4,382 
Offsetting of Derivative Liabilities: 
Current Liabilities$(143,025)$8,742 $(134,283)
Non-Current Liabilities(150,357)2,595 (147,762)
Total Derivative Liabilities$(293,383)$11,337 $(282,045)