FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Financial Instruments Measured at Fair Value on Recurring Basis

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 as of June 30, 2025 and December 31, 2024:


	Fair Value Measurements at
	June 30, 2025 Using
(In thousands)	Quoted Prices In Active Markets for Identical Assets (Liabilities) (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Commodity Derivatives – Current Assets	$	—	$	108,997	$	—
Commodity Derivatives – Noncurrent Assets	—		1,311		—
Commodity Derivatives – Current Liabilities	—		(4,124)		—
Commodity Derivatives – Noncurrent Liabilities	—		(86,023)		—
Interest Rate Derivatives – Current Assets	—		284		—
Interest Rate Derivatives – Noncurrent Liabilities			(164)		—
Total	$	—	$	20,281	$	—


	Fair Value Measurements at
	December 31, 2024 Using
(In thousands)	Quoted Prices In Active Markets for Identical Assets (Liabilities) (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Commodity Derivatives – Current Assets	$	—	$	46,365	$	—
Commodity Derivatives – Noncurrent Assets	—		9,729		—
Commodity Derivatives – Current Liabilities	—		(19,915)		—
Commodity Derivatives – Noncurrent Liabilities	—		(93,606)		—

Interest Rate Derivatives – Current Assets	—		160		—

Interest Rate Derivatives – Noncurrent Assets	—		103		—


Total	$	—	$	(57,164)	$	—