FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of the valuation of the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis

The following tables summarize the valuation of the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis in accordance with the classifications provided above as of March 31, 2022 and December 31, 2021 (in thousands).

	Fair Value Measurements at  March 31, 2022 using
Description	Level 1		Level 2		Level 3		Total
Assets (Liabilities)
Oil derivatives and basis swaps	$	—	$	(59,726)	$	—	$	(59,726)
Natural gas derivatives	—		(30,181)		—		(30,181)
Contingent consideration related to business combination	—		—		(16,029)		(16,029)
Total	$	—	$	(89,907)	$	(16,029)	$	(105,936)

	Fair Value Measurements at December 31, 2021 using
Description	Level 1		Level 2		Level 3		Total
Assets (Liabilities)
Oil derivatives and basis swaps	$	—	$	(14,727)	$	—	$	(14,727)
Natural gas derivatives	—		(151)		—		(151)
Contingent consideration related to business combination	—		—		(8,203)		(8,203)
Total	$	—	$	(14,878)	$	(8,203)	$	(23,081)