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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule 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 June 30, 2023
Level 1Level 2Level 3Total
(In thousands)
Assets:
Commodity derivative contracts (see Note 7)
$— $2,110 $3,597 $5,707 
Contingent consideration (see Note 7)
— 61,792 — 61,792 
Investment in unconsolidated affiliate (see Note 12)
115,763 — — 115,763 
Total assets$115,763 $63,902 $3,597 $183,262 
Liabilities:
Commodity derivative contracts (see Note 7)
$— $81,315 $11 $81,326 
Total liabilities$— $81,315 $11 $81,326 
 Fair value at December 31, 2022
 Level 1Level 2Level 3Total
 (In thousands)
Assets:
Commodity derivative contracts (see Note 7)
$— $780 $— $780 
Contingent consideration (see Note 7)
— 60,920 — 60,920 
Investment in unconsolidated affiliate (see Note 12)
130,575 — — 130,575 
Total assets$130,575 $61,700 $— $192,275 
Liabilities:
Commodity derivative contracts (see Note 7)
$— $329,676 $14,694 $344,370 
Total liabilities$— $329,676 $14,694 $344,370