The following table presents, for each applicable level within the fair value hierarchy, the Company’s net derivative assets and liabilities, including both current and noncurrent portions, measured at fair value on a recurring basis.


	June 30, 2026
	Level 1		Level 2		Level 3		Fair Value
(in thousands)
Assets
Fixed price swaps	$	—	$	50,915	$	—	$	50,915
Basis swaps	—		1,256		—		1,256
Collars	—		4,213		—		4,213
Liabilities
Fixed price swaps	—		(4,937)		—		(4,937)
Basis swaps	—		(10,183)		—		(10,183)
Collars	—		(1,183)		—		(1,183)

Total	$	—	$	40,082	$	—	$	40,082


	December 31, 2025
	Level 1		Level 2		Level 3		Fair Value
(in thousands)
Assets
Fixed price swaps	$	—	$	33,079	$	—	$	33,079
Basis swaps	—		349		—		349

Liabilities
Fixed price swaps	—		—		—		—
Basis swaps	—		(10,172)		—		(10,172)


Total	$	—	$	23,256	$	—	$	23,256