Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fixed Price Swap Positions

The following table presents the fair value of open swap contracts (which are not considered to be hedging instruments for accounting disclosure purposes) as of March 31, 2023 and December 31, 2022:

	March 31, 2023 (Unaudited)				December 31, 2022
Instrument	Asset(1)		Liability(2)		Asset(1)		Liability(2)
Swap Contracts—Crude Oil	$	161	$	—	$	—	$	(572)
Swap Contracts—Natural Gas	218		—		—		(126)
Total	$	379	$	—	$	—	$	(698)

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(1)    Reflected on the Company's consolidated balance sheets as: Unrealized appreciation on swap contracts.

(2)    Reflected on the Company's consolidated balance sheets as: Unrealized depreciation on swap contracts.

Schedule of Realized and Unrealized Gain (Loss) on Derivative Instruments

The effect of swap contracts (which are not considered to be hedging instruments for accounting disclosure purposes) on the Company's statements of operations for the three months ended March 31, 2023 and 2022 was as follows:

	Net Realized Gains (Losses)(1)				Net Change in Unrealized Appreciation (Depreciation)(2)
	Three Months Ended March 31,				Three Months Ended March 31,
Instrument	2023		2022		2023		2022
Swap Contracts—Crude Oil	$	(100)	$	(392)	$	733	$	(2,976)
Swap Contracts—Natural Gas	112		(24)		344		(506)
Total	$	12	$	(416)	$	1,077	$	(3,482)

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(1)    Reflected on the Company's consolidated statements of operations as: Net realized gain (loss) on swap contracts.

(2)    Reflected on the Company's consolidated statements of operations as: Net change in unrealized appreciation (depreciation) on swap contracts.

Schedule of Offsetting Liabilities

The following tables present the Company’s derivative assets and liabilities by counterparty, net of amounts available for offset under a master netting agreement as of March 31, 2023 and December 31, 2022:

	As of March 31, 2023 (Unaudited)
Counterparty	Derivative Assets		Derivative Liabilities	Net Value of Derivatives		Non-Cash Collateral (Received) Pledged(1)	Cash Collateral (Received) Pledged(1)	Net Amount of Derivative Assets (Liabilities)(2)
BP Energy Co.	$	379	—	$	379	—	—	$	379

	As of December 31, 2022
Counterparty	Derivative Assets	Derivative Liabilities		Net Value of Derivatives		Non-Cash Collateral (Received) Pledged(1)	Cash Collateral (Received) Pledged(1)	Net Amount of Derivative Assets (Liabilities)(2)
BP Energy Co.	—	$	(698)	$	(698)	—	—	$	(698)

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(1)    In some instances, the actual amount of the collateral received and/or pledged may be more than the amount shown due to overcollateralization.

(2)    Net amount of derivative assets and liabilities represents the net amount due from the counterparty to the Company and the net amount due from the Company to the counterparty, respectively, in the event of default.

Schedule of Offsetting Assets

The following tables present the Company’s derivative assets and liabilities by counterparty, net of amounts available for offset under a master netting agreement as of March 31, 2023 and December 31, 2022:

	As of March 31, 2023 (Unaudited)
Counterparty	Derivative Assets		Derivative Liabilities	Net Value of Derivatives		Non-Cash Collateral (Received) Pledged(1)	Cash Collateral (Received) Pledged(1)	Net Amount of Derivative Assets (Liabilities)(2)
BP Energy Co.	$	379	—	$	379	—	—	$	379

	As of December 31, 2022
Counterparty	Derivative Assets	Derivative Liabilities		Net Value of Derivatives		Non-Cash Collateral (Received) Pledged(1)	Cash Collateral (Received) Pledged(1)	Net Amount of Derivative Assets (Liabilities)(2)
BP Energy Co.	—	$	(698)	$	(698)	—	—	$	(698)

______________

(1)    In some instances, the actual amount of the collateral received and/or pledged may be more than the amount shown due to overcollateralization.

(2)    Net amount of derivative assets and liabilities represents the net amount due from the counterparty to the Company and the net amount due from the Company to the counterparty, respectively, in the event of default.

Schedule of Derivative Instruments

Below is a summary of the Company's open fixed price swap positions as of March 31, 2023. The hedged volumes reflected below represent an aggregation of multiple derivative contracts that have varying durations and may not be realized on a ratable basis over a calendar year.

Swap Contracts—Crude Oil

Year	Settlement Index	Bbls	Weighted Average Price ($/Bbls)
2023	ICE Brent	123,680	$80.00

Swap Contracts—Natural Gas

Year	Settlement Index	MMBtu	Weighted Average Price ($/MMBtu)
2023	NYMEX Henry Hub	227,542	$3.80