v3.25.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis The following table presents the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis by level within the fair value hierarchy:
June 30, 2025
Level 1Level 2Level 3Total
(In thousands)
Financial assets:
Commodity derivative assets$— $22,848 $— $22,848 
Interest rate assets$— $510 $— $510 
Financial liabilities:
Commodity derivative liabilities$— $(13,027)$— $(13,027)
Interest rate liabilities$— $(292)$— $(292)
December 31, 2024
Level 1Level 2Level 3Total
(In thousands)
Financial assets:
Commodity derivative assets$— $15,301 $— $15,301 
Interest rate assets$— $1,177 $— $1,177 
Financial liabilities:
Commodity derivative liabilities$— $(13,043)$— $(13,043)
Liabilities Not Measured on a Recurring Basis
The following table summarizes the fair value and carrying amount of the Company's financial instruments:
June 30, 2025December 31, 2024
Carrying AmountFair ValueCarrying AmountFair Value
(In thousands)
Credit Facility (Level 2)
$129,000 $129,000 $115,000 $115,000 
Senior Notes (Level 2)(1)
$146,191 $156,671 $154,494 $172,864 
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(1)The carrying value for the Senior Notes is shown net of unamortized discount and unamortized deferred financing costs.