COMMODITY DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

December 31, 2023
Contract Type	Contract Period	Weighted Average Trade Price (Barrels)		Remaining Volume (Barrels)	Fair Value
				(in thousands)	(in thousands)
Futures	Dec. 2023-Feb. 2024	$	108.18	1	$	20
Futures	Dec. 2023-Feb. 2024	$	110.33	4	$	(156)
Futures	Dec. 2023-May. 2024	$	77.94	7	$	(63)
Futures	Dec. 2023-May. 2024	$	49.94	60	$	632
Swap	Dec. 2023-Jan. 2024	$	88.39	164	$	(372)
Swap	Dec. 2023-Jan. 2024	$	25.55	100	$	(50)

December 31, 2022
Contract Type	Contract Period	Weighted Average Trade Price (Barrels)		Remaining Volume (Barrels)	Fair Value
				(in thousands)	(in thousands)
Swap	Nov. 2022 - Feb. 2023	$	4.19	5	$	(42)
Swap	Nov. 2022 - Feb. 2023	$	5.51	3	$	(27)
Future	Sept. 2022 - Dec. 2022	$	32.14	25	$	76
Future	Sept. 2022 - Dec. 2022	$	23.57	35	$	(92)
Future	Nov. 2022 - Feb. 2023	$	33.71	10	$	(23)
Futures	Sept. 2022 - Dec. 2022	$	23.75	10	$	30
Futures	Dec. 2022 - Mar. 2023	$	36.08	35	$	(74)
Futures	Dec. 2022 - Apr. 2023	$	35.97	1,000	$	(1,100)
Futures	Dec. 2022 - May. 2023	$	35.81	1,000	$	(1,070)
Futures	Dec. 2022 - Jun. 2023	$	35.60	1,000	$	2,080

Fair Value of Derivative Instruments Within Balance Sheet

The carrying values of the Company's derivatives positions and their locations on the consolidated balance sheets as of December 31, 2023 and 2022 are presented in the table below (in thousands):

Balance Sheet Classification	Contract Type	2023		2022
	Crude oil future	$	652	$	2,186
	Crude oil swaps	(422)		(69)
	Crude oil futures	(219)		(2,359)
Prepaid expenses and other current assets or Accrued expenses and other current liabilities		$	11	$	(242)