The following tables summarize the valuation of the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis in accordance with the classifications provided above as of March 31, 2026 and December 31, 2025 (in thousands).


	Fair Value Measurements at March 31, 2026 using
Description	Level 1		Level 2		Level 3		Total
Assets (Liabilities)
Oil costless collars	$	—	$	(312,022)	$	—	$	(312,022)
Natural gas costless collars	—		18,194		—		18,194
Natural gas swaps	—		19,981		—		19,981
Natural gas basis differential swaps	—		52,426		—		52,426

Total	$	—	$	(221,421)	$	—	$	(221,421)


	Fair Value Measurements at December 31, 2025 using
Description	Level 1		Level 2		Level 3		Total
Assets (Liabilities)
Oil costless collars	$	—	$	717	$	—	$	717
Natural gas costless collars	—		17,396		—		17,396
Natural gas basis differential swaps	—		15,939		—		15,939

Total	$	—	$	34,052	$	—	$	34,052