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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

The financial instrument measured at fair value on a recurring basis is summarized below:

			Fair Value Measurements at March 31, 2025																		Fair Value Measurements at December 31, 2024
Description			Level 1						Level 2						Level 3						Level 1						Level 2						Level 3
Commodity Derivatives			$	—					$	(975,981)		*			$	—					$	—					$	(536,046)		**			$	—

*Includes $42,305 of commodity derivatives that have been settled but not paid at March 31, 2025.

**Includes $2,309 of commodity derivatives that have been settled but not received and $23,212 that have been settled but not paid at December 31, 2024.

Schedule of Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

The carrying amounts and fair values of financial instruments for which the fair value option was not elected are as follows:

			March 31, 2025												December 31, 2024
			Carrying Amount						Fair Value						Carrying Amount						Fair Value
Cash and Cash Equivalents			$	2,615					$	2,615					$	17,198					$	17,198
Restricted Cash			$	10,272					$	10,272					$	37,875					$	37,875
Long-Term Debt (Excluding Debt Issuance Costs)			$	2,691,150					$	3,146,137					$	2,175,386					$	2,785,556

Cash and cash equivalents and restricted cash represent highly-liquid instruments and constitute Level 1 fair value measurements. Certain of the Company’s debt is actively traded on a public market and, as a result, constitute Level 1 fair value measurements. The portion of the Company’s debt obligations that is not actively traded is valued through reference to the applicable underlying benchmark rate and, as a result, constitute Level 2 fair value measurements.

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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- References

No definition available.

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