v3.26.1
DERIVATIVES (Tables)
6 Months Ended
Jun. 30, 2026
DERIVATIVES  
Schedule of changes in fair value of derivative instruments

Three Months Ended June 30, 

Six Months Ended June 30, 

2026

2025

2026

2025

(In thousands)

Beginning fair value of derivative instruments

$

(9,756)

$

(5,154)

$

9,063

$

1,836

Gain (loss) on commodity derivative instruments, net

6,112

9,339

(12,566)

3,286

Net cash paid (received) on settlements of derivative instruments

3,210

(814)

3,069

(1,751)

Ending fair value of derivative instruments

$

(434)

$

3,371

$

(434)

$

3,371

Schedule of derivative contracts

June 30, 

December 31, 

Classification

Balance Sheet Location

2026

2025

(In thousands)

Assets:

Current assets

Derivative assets

$

292

$

6,504

Long-term assets

Derivative assets

984

2,587

Liabilities:

Current liabilities

Derivative liabilities

(961)

Long-term liabilities

Derivative liabilities

(749)

(28)

$

(434)

$

9,063

Schedule of commodity derivative contracts

Oil Price Swaps

Notional

Weighted Average

Range (per Bbl)

Volumes (Bbl)

Fixed Price (per Bbl)

Low

High

July 2026 - December 2026

300,288

$

64.97

$

63.33

$

66.60

January 2027 - December 2027

614,295

$

61.31

$

58.06

$

63.75

January 2028 - June 2028

307,671

$

67.74

$

65.30

$

70.35

Natural Gas Price Swaps

Notional

Weighted Average

Range (per MMBtu)

Volumes (MMBtu)

Fixed Price (per MMBtu)

Low

High

July 2026 - December 2026

2,649,600

$

3.68

$

3.42

$

3.94

January 2027 - December 2027

5,361,120

$

3.93

$

3.47

$

4.46

January 2028 - June 2028

2,696,694

$

3.74

$

3.15

$

4.35