| Schedule of Derivative Instruments in Statement of Financial Position, Fair Value |
The following table presents the fair value of derivative assets and liabilities related to the interest rate swap contracts: | | | | | | | | | | | | | | | | | June 30, | | December 31, | | | 2026 | | 2025 | | | | | | | | (In thousands) | Derivative assets - current | | $ | 3,448 | | | $ | 4 | | | Derivative assets - noncurrent | | 2,243 | | | — | | | Total derivative assets | | $ | 5,691 | | | $ | 4 | | | | | | | | Derivative liabilities - current | | $ | — | | | $ | 135 | | | | | | | | Total derivative liabilities | | $ | — | | | $ | 135 | |
The following table presents interest rate swap derivative activities for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | (In thousands) | Realized gain (loss) on interest rate swaps | | $ | 294 | | | $ | (2) | | | $ | 636 | | | $ | (344) | | Favorable fair value adjustment | | $ | 2,770 | | | $ | 740 | | | $ | 6,458 | | | $ | 1,067 | | | | | | | | | | |
The following table presents the fair value of derivative assets and liabilities related to commodity swaps: | | | | | | | | | | | | | | | | | June 30, | | December 31, | | | 2026 | | 2025 | | | | | | | | (In thousands) | Derivative assets - current | | $ | 16,344 | | | $ | 13,902 | | | Derivative assets - noncurrent | | 1,800 | | | 1,467 | | Total derivative assets | | $ | 18,144 | | | $ | 15,369 | | | | | | | | Derivative liabilities - current | | $ | 5,110 | | | $ | 5,371 | | Derivative liabilities - noncurrent | | 425 | | | — | | Total derivative liabilities | | $ | 5,535 | | | $ | 5,371 | |
The following table presents commodity swap derivatives activities for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | | | (In thousands) | Realized loss on commodity swaps | | $ | (27,414) | | | $ | (942) | | | $ | (27,898) | | | $ | (5,313) | | | | | | | Favorable (unfavorable) fair value adjustment | | $ | 22,184 | | | $ | 36,801 | | | $ | (25,287) | | | $ | 14,303 | | | | | |
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| Schedule of Detail Information of Commodity Swaps Outstanding |
The following table presents detailed information on commodity swaps outstanding as of June 30, 2026 (in thousands, except volumes): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Commodity | | | | | | Unit | | Notional Volume | | Net Fair Value | | Natural Gas | | | | | | MMBtus | | 6,515,000 | | | $ | 5,226 | | | NGL | | | | | | Gallons | | 143,131,800 | | | 3,731 | | | Crude | | | | | | Bbl | | 632,550 | | | (2,298) | | | | | | | | | | | | | | | | | | | | | | | | Natural Gas Basis Spread Swaps | | | | | | MMBtus | | 17,000,000 | | | 5,950 | | | | | | | | | | | | $ | 12,609 | |
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