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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024.
CommodityCalculation PeriodNotional Quantity (MMBtu)Fixed Price
($/MMBtu)		Fair Value of
Asset
(Liability)
(thousands)
Natural Gas Basis Differential4/01/2024 - 12/31/202519,200,000 $(0.59)$4,745 
Total open basis differential swap contracts$4,745 
Summary of gross asset balances of derivative instruments
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 interim unaudited condensed consolidated balance sheets as of March 31, 2024 and December 31, 2023 (in thousands).
Derivative InstrumentsGross
amounts
recognized		Gross amounts
netted in the condensed
consolidated
balance sheets		Net amounts presented in the condensed
consolidated
balance sheets
March 31, 2024
Current assets$3,739 $(712)$3,027 
Other assets$1,798 (80)1,718 
Total$5,537 $(792)$4,745 
December 31, 2023
Current assets$2,573 $(461)$2,112 
Other assets1,743 (1,185)558 
Total$4,316 $(1,646)$2,670 
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 interim unaudited condensed consolidated statements of income for the periods presented (in thousands).
 Three Months Ended
March 31,
Type of InstrumentLocation in Condensed Consolidated 
Statement of Income		20242023
Derivative Instrument
Natural GasRevenues: Realized gain on derivatives$275 $3,669 
Realized gain on derivatives$275 $3,669 
Natural GasRevenues: Unrealized gain (loss) on derivatives2,075 (7,067)
Unrealized gain (loss) on derivatives2,075 (7,067)
Total$2,350 $(3,398)