Fair Value Measures and Disclosures (Policies) |
6 Months Ended |
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Jun. 30, 2026 | |
| Fair Value Disclosures [Abstract] | |
| Fair Value of Financial Instruments, Policy [Policy Text Block] | Derivatives We use Level 2 inputs to measure the fair value of oil, gas, and NGL commodity derivative instruments. Fair values are based upon interpolated data. We derive internal valuation estimates taking into consideration forward commodity price curves, counterparties’ credit ratings, our credit rating, and the time value of money. These valuations are then compared to the respective counterparties’ mark-to-market statements. The considered factors result in an estimated exit price that management believes provides a reasonable and consistent methodology for valuing derivative instruments. The commodity derivative instruments we utilize are not considered by management to be complex, structured, or illiquid. The oil, gas, and NGL commodity derivative markets are highly active. Refer to Note 8 - Derivative Financial Instruments for more information regarding our derivative instruments.
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