v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Valuation of Financial Instruments by Pricing Levels

The following tables summarize the valuation of derivative instruments by pricing levels 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

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Derivative assets (liabilities):

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil fixed price swaps

 

$

 

 

$

119,507

 

 

$

 

 

$

119,507

 

Crude oil collars

 

 

 

 

 

41,782

 

 

 

 

 

 

41,782

 

Crude oil NYMEX roll swaps

 

 

 

 

 

(391

)

 

 

 

 

 

(391

)

Natural gas fixed price swaps

 

 

 

 

 

(18,256

)

 

 

 

 

 

(18,256

)

Natural gas collars

 

 

 

 

 

45,035

 

 

 

 

 

 

45,035

 

Total

 

$

 

 

$

187,677

 

 

$

 

 

$

187,677

 

 

 

Fair value measurements at December 31, 2024 using:

 

 

 

 

In thousands

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil fixed price swaps

 

$

 

 

$

12,533

 

 

$

 

 

$

12,533

 

Natural gas fixed price swaps

 

 

 

 

 

144,977

 

 

 

 

 

 

144,977

 

Total

 

$

 

 

$

157,510

 

 

$

 

 

$

157,510