The following tables set forth by level, within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis:


	Fair value at March 31, 2025
	Level 1		Level 2		Level 3		Total

	(In thousands)
Assets:
Commodity derivative contracts (see Note 6)	$	—	$	14,194	$	—	$	14,194
Contingent consideration (see Note 6)	—		23,460		—		23,460
Investment in unconsolidated affiliate (see Note 9)	134,942		—		—		134,942
Total assets	$	134,942	$	37,654	$	—	$	172,596
Liabilities:
Commodity derivative contracts (see Note 6)	$	—	$	19,579	$	—	$	19,579
Total liabilities	$	—	$	19,579	$	—	$	19,579


	Fair value at December 31, 2024
	Level 1		Level 2		Level 3		Total

	(In thousands)
Assets:
Commodity derivative contracts (see Note 6)	$	—	$	18,793	$	—	$	18,793
Contingent consideration (see Note 6)	—		22,780		—		22,780
Investment in unconsolidated affiliate (see Note 9)	142,201		—		—		142,201
Total assets	$	142,201	$	41,573	$	—	$	183,774
Liabilities:
Commodity derivative contracts (see Note 6)	$	—	$	2,246	$	—	$	2,246
Total liabilities	$	—	$	2,246	$	—	$	2,246