| Schedule of Location and Fair Value Amounts of all Commodity Derivative Instruments in Balance Sheet |
June 30, 2026 as well as the gross recognized derivative assets, liabilities, and amounts offset in the consolidated balance sheet: | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | GROSS RECOGNIZED FAIR VALUE ASSETS/ LIABILITIES | | GROSS AMOUNTS OFFSET | | NET RECOGNIZED FAIR VALUE ASSETS/ LIABILITIES | Commodity derivative assets: | | | | | | Current derivative assets | $ | 5,783 | | | $ | (4,015) | | | $ | 1,768 | | Noncurrent derivative assets | 9,364 | | | (414) | | | 8,950 | | Total | $ | 15,147 | | | $ | (4,429) | | | $ | 10,718 | | Commodity derivative liabilities: | | | | | | Current derivative liabilities | $ | 8,308 | | | $ | (4,015) | | | $ | 4,293 | | Noncurrent derivative liabilities | 414 | | | (414) | | | — | | Total | $ | 8,722 | | | $ | (4,429) | | | $ | 4,293 | | | | | | | |
The following table summarizes the location and fair value amounts of all commodity derivative instruments in the consolidated balance sheet as of December 31, 2025, as well as the gross recognized derivative assets, liabilities, and amounts offset in the consolidated balance sheet: | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | GROSS RECOGNIZED FAIR VALUE ASSETS/ LIABILITIES | | GROSS AMOUNTS OFFSET | | NET RECOGNIZED FAIR VALUE ASSETS/ LIABILITIES | Commodity derivative assets: | | | | | | Current derivative assets | $ | 14,252 | | | $ | — | | | $ | 14,252 | | Noncurrent derivative assets | 184 | | | — | | | 184 | | Total | $ | 14,436 | | | $ | — | | | $ | 14,436 | | Commodity derivative liabilities: | | | | | | Current derivative liabilities | $ | — | | | $ | — | | | $ | — | | Noncurrent derivative liabilities | 46 | | | — | | | 46 | | Total | $ | 46 | | | $ | — | | | $ | 46 | | | | | | | |
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| Schedule of Crude Oil Swaps |
As of June 30, 2026, the Company had the following crude oil swaps: | | | | | | | | | | | | | | | | | | | | | | | | | | | | INDEX | | SETTLEMENT PERIOD | | VOLUME HEDGED (Bbls) | | WEIGHTED AVERAGE FIXED PRICE | WTI-NYMEX | | Q3 2026 | | 490,679 | | $65.01 | WTI-NYMEX | | Q4 2026 | | 457,155 | | $64.97 | WTI-NYMEX | | Q1 2027 | | 270,000 | | $69.25 | WTI-NYMEX | | Q2 2027 | | 480,000 | | $68.05 | WTI-NYMEX | | Q3 2027 | | 495,000 | | $68.38 | WTI-NYMEX | | Q4 2027 | | 465,000 | | $67.88 | WTI-NYMEX | | Q1 2028 | | 360,000 | | $70.60 | WTI-NYMEX | | Q2 2028 | | 360,000 | | $70.60 | WTI-NYMEX | | Q3 2028 | | 360,000 | | $70.60 | WTI-NYMEX | | Q4 2028 | | 270,000 | | $70.80 | | | | | | | |
As of June 30, 2026, the Company had the following crude oil collars: | | | | | | | | | | | | | | | | | | | | | | | | | | | | INDEX | | SETTLEMENT PERIOD | | VOLUME HEDGED (Bbls) | | WEIGHTED AVERAGE FLOOR/CEILING PRICE | WTI-NYMEX | | Q3 2026 | | 213,000 | | $61.62 / $72.58 | WTI-NYMEX | | Q4 2026 | | 168,000 | | $58.04 / $67.51 | WTI-NYMEX | | Q1 2027 | | 300,000 | | $55.75 / $66.44 | WTI-NYMEX | | Q2 2027 | | 45,000 | | $60.00 / $64.25 | | | | | | | |
As of June 30, 2026, the Company had the following natural gas collars: | | | | | | | | | | | | | | | | | | | | | | | | | | | | INDEX | | SETTLEMENT PERIOD | | VOLUME HEDGED (MMBtu) | | WEIGHTED AVERAGE FLOOR/CEILING PRICE | Henry Hub-NYMEX | | Q3 2026 | | 1,510,800 | | $3.73 / $4.90 | Henry Hub-NYMEX | | Q4 2026 | | 1,452,700 | | $3.73 / $4.90 | Henry Hub-NYMEX | | Q1 2027 | | 795,000 | | $4.00 / $5.68 | | | | | | | |
As of June 30, 2026, the Company had the following natural gas basis swaps: | | | | | | | | | | | | | | | | | | | | | | | | | | | | INDEX | | SETTLEMENT PERIOD | | VOLUME HEDGED (MMBtu) | | WEIGHTED AVERAGE FIXED PRICE | Chicago City Gate to Henry Hub | | Q3 2026 | | 1,510,800 | | $(0.100) | Chicago City Gate to Henry Hub | | Q4 2026 | | 1,452,700 | | $(0.100) | Chicago City Gate to Henry Hub | | Q1 2027 | | 795,000 | | $0.300 | | | | | | | |
As of June 30, 2026, the Company had the following natural gas liquids swaps (presented annually due to lesser significance): | | | | | | | | | | | | | | | | | | | | | | | | | | | | INDEX | | SETTLEMENT PERIOD | | VOLUME HEDGED (Gallons) | | WEIGHTED AVERAGE FIXED PRICE | Mont Belvieu Ethane | | 2026 | | 1,023,000 | | $0.26 | Conway Propane | | 2026 | | 2,692,000 | | $0.71 | Conway Propane | | 2027 | | 3,360,000 | | $0.67 | Mont Belvieu Iso-Butane | | 2026 | | 222,000 | | $0.92 | Mont Belvieu Iso-Butane | | 2027 | | 180,000 | | $0.84 | Mont Belvieu Normal Butane | | 2026 | | 675,000 | | $0.89 | Mont Belvieu Normal Butane | | 2027 | | 600,000 | | $0.81 | Mont Belvieu Natural Gasoline | | 2026 | | 837,000 | | $1.35 | Mont Belvieu Natural Gasoline | | 2027 | | 720,000 | | $1.29 | | | | | | | |
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