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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of contracts for oil and natural gas The following is a summary of the Company’s open basis differential swap contracts at December 31, 2023.
Notional Quantity (MMBtu)Fixed Price
($/MMBtu)		Fair Value of Asset (Liability) (thousands)
  Commodity       Calculation Period     
Natural Gas Basis Differential01/01/2024 - 12/31/202521,930,000 $(0.59)2,670 
Total open basis differential swap contracts$2,670 
Summary of offsetting assets
The following table presents the gross asset and liability fair values of the Company’s commodity price derivative financial instruments and the location of these balances in the consolidated balance sheets as of December 31, 2023 and December 31, 2022 (in thousands).
Derivative InstrumentsGross amounts recognizedGross amounts netted in the consolidated balance sheetsNet amounts presented in the consolidated balance sheets
December 31, 2023
Current assets$2,573 $(461)$2,112 
Other assets1,743 (1,185)558 
Total$4,316 $(1,646)$2,670 
December 31, 2022
Current assets$3,930 $— $3,930 
Total$3,930 $— $3,930 
Summary of offsetting liabilities
The following table presents the gross asset and liability fair values of the Company’s commodity price derivative financial instruments and the location of these balances in the consolidated balance sheets as of December 31, 2023 and December 31, 2022 (in thousands).
Derivative InstrumentsGross amounts recognizedGross amounts netted in the consolidated balance sheetsNet amounts presented in the consolidated balance sheets
December 31, 2023
Current assets$2,573 $(461)$2,112 
Other assets1,743 (1,185)558 
Total$4,316 $(1,646)$2,670 
December 31, 2022
Current assets$3,930 $— $3,930 
Total$3,930 $— $3,930 
Summary of location and aggregate fair value of all derivative financial instruments recorded in the consolidated statements of operations
The following table summarizes the location and aggregate gain (loss) of all derivative financial instruments recorded in the consolidated statements of income for the periods presented (in thousands).
Year Ended December 31,
Type of InstrumentLocation in Statements of Income202320222021
Derivative Instrument
OilRevenues: Realized loss on derivatives$— $(75,806)$(194,058)
Natural GasRevenues: Realized loss on derivatives(9,575)(81,677)(26,047)
Realized loss on derivatives(9,575)(157,483)(220,105)
OilRevenues: Unrealized gain on derivatives— 14,727 26,857 
Natural GasRevenues: Unrealized (loss) gain on derivatives(1,261)4,082 (5,846)
Unrealized (loss) gain on derivatives(1,261)18,809 21,011 
Total$(10,836)$(138,674)$(199,094)