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Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Location and Fair Value Amounts of all Commodity Derivative Instruments in Balance Sheet
The following table summarizes the classification and fair value amounts of all commodity derivative instruments in the balance sheet as of September 30, 2024, as well as the gross recognized derivative assets, liabilities, and amounts offset in the balance sheet:
(in thousands)GROSS RECOGNIZED FAIR VALUE ASSETS/ LIABILITIESGROSS AMOUNTS OFFSETNET RECOGNIZED FAIR VALUE ASSETS/ LIABILITIES
Commodity derivative assets:
Current derivative assets$12,201 $— $12,201 
Noncurrent derivative assets1,639 — 1,639 
Total$13,840 $— $13,840 
(in thousands)GROSS RECOGNIZED FAIR VALUE ASSETS/ LIABILITIESGROSS AMOUNTS OFFSETNET RECOGNIZED FAIR VALUE ASSETS/ LIABILITIES
Commodity derivative assets:
Current derivative assets$10,038 $— $10,038 
Noncurrent derivative assets1,109 — 1,109 
Total$11,147 $— $11,147 
Schedule of Crude Oil Swaps
As of September 30, 2024, the Company had the following oil swaps:
INDEXSETTLEMENT PERIODVOLUME HEDGED (Bbls)WEIGHTED AVERAGE ROUNDED FIXED PRICE
WTI-NYMEXQ4 2024490,00078 
WTI-NYMEXQ1 2025397,50074 
WTI-NYMEXQ2 2025382,50075 
WTI-NYMEXQ3 2025202,50075 
WTI-NYMEXQ4 2025202,50075