v3.26.1
DERIVATIVES (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
$ / bbl
MMBbls
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
$ / bbl
MMBbls
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Changes in fair value of derivative instruments          
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  
Assets:          
Current assets | $ 292   292   $ 6,504
Long-term assets | $ 984   984   2,587
Liabilities:          
Current liabilities | $ (961)   (961)    
Long-term liabilities | $ (749)   (749)   (28)
Derivative assets (liabilities) | $ $ (434) $ 3,371 $ (434) $ 3,371 $ 9,063
Oil Price Swaps - July 2026 - December 2026          
Liabilities:          
Notional Volumes | MMBbls 300,288   300,288    
Weighted Average Fixed Price 64.97   64.97    
Oil Price Swaps - January 2027 - December 2027          
Liabilities:          
Notional Volumes | MMBbls 614,295   614,295    
Weighted Average Fixed Price 61.31   61.31    
Oil Price Swaps - January 2028 - June 2028          
Liabilities:          
Notional Volumes | MMBbls 307,671   307,671    
Weighted Average Fixed Price 67.74   67.74    
Natural Gas Price Swaps - July 2026 - December 2026          
Liabilities:          
Notional Volumes | MMBbls 2,649,600   2,649,600    
Weighted Average Fixed Price 3.68   3.68    
Natural Gas Price Swaps - January 2027 - December 2027          
Liabilities:          
Notional Volumes | MMBbls 5,361,120   5,361,120    
Weighted Average Fixed Price 3.93   3.93    
Natural Gas Price Swaps - January 2028 - June 2028          
Liabilities:          
Notional Volumes | MMBbls 2,696,694   2,696,694    
Weighted Average Fixed Price 3.74   3.74    
Minimum | Oil Price Swaps - July 2026 - December 2026          
Liabilities:          
Weighted Average Fixed Price 63.33   63.33    
Minimum | Oil Price Swaps - January 2027 - December 2027          
Liabilities:          
Weighted Average Fixed Price 58.06   58.06    
Minimum | Oil Price Swaps - January 2028 - June 2028          
Liabilities:          
Weighted Average Fixed Price 65.3   65.3    
Minimum | Natural Gas Price Swaps - July 2026 - December 2026          
Liabilities:          
Weighted Average Fixed Price 3.42   3.42    
Minimum | Natural Gas Price Swaps - January 2027 - December 2027          
Liabilities:          
Weighted Average Fixed Price 3.47   3.47    
Minimum | Natural Gas Price Swaps - January 2028 - June 2028          
Liabilities:          
Weighted Average Fixed Price 3.15   3.15    
Maximum | Oil Price Swaps - July 2026 - December 2026          
Liabilities:          
Weighted Average Fixed Price 66.6   66.6    
Maximum | Oil Price Swaps - January 2027 - December 2027          
Liabilities:          
Weighted Average Fixed Price 63.75   63.75    
Maximum | Oil Price Swaps - January 2028 - June 2028          
Liabilities:          
Weighted Average Fixed Price 70.35   70.35    
Maximum | Natural Gas Price Swaps - July 2026 - December 2026          
Liabilities:          
Weighted Average Fixed Price 3.94   3.94    
Maximum | Natural Gas Price Swaps - January 2027 - December 2027          
Liabilities:          
Weighted Average Fixed Price 4.46   4.46    
Maximum | Natural Gas Price Swaps - January 2028 - June 2028          
Liabilities:          
Weighted Average Fixed Price 4.35   4.35