Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

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

The following tables set forth by level, within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis:

	Fair value at March 31, 2024
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Commodity derivative contracts (see Note 6)	$	—	$	44	$	2,647	$	2,691
Contingent consideration (see Note 6)	—		46,080		—		46,080
Investment in unconsolidated affiliate (see Note 10)	114,181		—		—		114,181
Total assets	$	114,181	$	46,124	$	2,647	$	162,952
Liabilities:
Commodity derivative contracts (see Note 6)	$	—	$	22,545	$	—	$	22,545
Total liabilities	$	—	$	22,545	$	—	$	22,545

	Fair value at December 31, 2023
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Commodity derivative contracts (see Note 6)	$	—	$	11,312	$	5,877	$	17,189
Contingent consideration (see Note 6)	—		42,706		—		42,706
Investment in unconsolidated affiliate (see Note 10)	100,172		—		—		100,172
Total assets	$	100,172	$	54,018	$	5,877	$	160,067
Liabilities:
Commodity derivative contracts (see Note 6)	$	—	$	14,926	$	—	$	14,926
Total liabilities	$	—	$	14,926	$	—	$	14,926