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Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Gas Derivative Contracts Volume and Prices

The Company had the following outstanding natural gas price derivative financial instruments at December 31, 2022:

						Future Production Period Ending December 31, 2023
Natural Gas Collar Contracts:
Volume (MMBtu)						174,925,000
Price per MMBtu:
Average Ceiling						$	9.96
Average Floor						$	2.99

Schedule of Derivative Instruments

The aggregate fair value of the Company's derivative financial instruments are presented on a gross basis in the accompanying consolidated balance sheets. The classification of derivative financial instruments between assets and liabilities, consists of the following:

												As of December 31,
Type						Consolidated Balance Sheet Location						2022						2021
												(in thousands)
Asset Derivative Financial Instruments:
Natural gas price derivatives						Derivative Financial Instruments  – current						$	23,884					$	4,528
Oil price derivatives						Derivative Financial Instruments  – current						—						730
												$	23,884					$	5,258
Liability Derivative Financial Instruments:
Natural gas price derivatives						Derivative Financial Instruments  – current						$	4,420					$	181,215
Oil price derivatives						Derivative Financial Instruments  – current						—						730
												$	4,420					$	181,945
Natural gas price derivatives						Derivative Financial Instruments  – long-term						$	—					$	4,042

Schedule of Gains and Losses from Derivative Financial Instruments

Gains and losses related to cash settlements and changes in the fair value recognized on the Company's derivative contracts recognized in the consolidated statement of operations were as follows:

						Year Ended December 31,
Gain/(Loss) Recognized in Earnings on Derivatives						2022						2021						2020
						(In thousands)
Natural gas price derivatives						$	(662,522)					$	(555,636)					$	353
Oil price derivatives						—						(7,247)						12,059
Interest rate derivatives						—						2,235						(2,461)
						$	(662,522)					$	(560,648)					$	9,951

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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