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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Hierarchy of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis:

			Fair value at December 31, 2022
			Level 1						Level 2						Level 3						Total
			(In thousands)
Assets:
Commodity derivative contracts (see Note 9)(1)			$	—					$	780					$	—					$	780
Contingent consideration (see Note 9)			—						60,920						—						60,920
Investment in unconsolidated affiliate (see Note 14)			130,575						—						—						130,575
Total assets			$	130,575					$	61,700					$	—					$	192,275
Liabilities:
Commodity derivative contracts (see Note 9)(2)			$	—					$	329,676					$	14,694					$	344,370
Total liabilities			$	—					$	329,676					$	14,694					$	344,370

			Fair value at December 31, 2021
			Level 1						Level 2						Level 3						Total
			(In thousands)
Assets:
Commodity derivative contracts (see Note 9)			$	—					$	55					$	—					$	55
Contingent consideration (see Note 9)			—						44,810						—						44,810
Total assets			$	—					$	44,865					$	—					$	44,865
Liabilities:
Commodity derivative contracts (see Note 9)(3)			$	—					$	204,729					$	—					$	204,729
Total liabilities			$	—					$	204,729					$	—					$	—

__________________     

(1)Cash deposit received in January 2023.

(2)Includes $24.5 million of commodity derivative liabilities paid in January 2023.

(3)Includes $27.5 million of commodity derivative liabilities paid in January 2022.

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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