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v3.25.1

SUBSEQUENT EVENTS (Tables) | 3 Months Ended
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Mar. 31, 2025
Subsequent Events [Abstract] |
Schedule of Open Fixed Price Swap Positions and Natural Gas Basis Swap Positions | The Company has entered into natural gas, crude oil and NGL fixed price swap contracts based off the NYMEX Henry Hub, NYMEX WTI and Mont Belvieu C3 indices. Below is a summary of the Company’s open fixed price swap positions as of March 31, 2025:
| Index |  | Daily Volume |  | Weighted Average Price
Natural Gas |  |  | (MMBtu/d) |  | ($/MMBtu)
Remaining 2025 | NYMEX Henry Hub |  | 270,000 |  |  | $ | 3.82 |
2026 | NYMEX Henry Hub |  | 200,000 |  |  | $ | 3.64 |
Oil |  |  | (Bbl/d) |  | ($/Bbl)
Remaining 2025 | NYMEX WTI |  | 3,000 |  |  | $ | 73.29 |
NGL |  |  | (Bbl/d) |  | ($/Bbl)
Remaining 2025 | Mont Belvieu C3 |  | 2,669 |  |  | $ | 29.94 |
2026 | Mont Belvieu C3 |  | 1,496 |  |  | $ | 30.33 |
The Company has entered into natural gas costless collars based off the NYMEX Henry Hub index. Below is a summary of the Company's costless collar positions as of March 31, 2025:
| Index |  | Daily Volume |  | Weighted Average Floor Price |  | Weighted Average Ceiling Price
Natural Gas |  |  | (MMBtu/d) |  | ($/MMBtu) |  | ($/MMBtu)
Remaining 2025 | NYMEX Henry Hub |  | 220,000 |  |  | $ | 3.37 |  |  | $ | 4.23 |
2026 | NYMEX Henry Hub |  | 150,000 |  |  | $ | 3.58 |  |  | $ | 4.48 |
March 31, 2025:
| Index |  | Daily Volume |  | Weighted Average Price
Natural Gas |  |  | (MMBtu/d) |  | ($/MMBtu)
Remaining 2025 | NYMEX Henry Hub |  | 191,127 |  |  | $ | 5.81 |
Subsequent to March 31, 2025, as of April 30, 2025, the Company entered into the following derivative contracts:
Period |  | Type of Derivative Instrument |  | Index |  | Daily Volume |  | Weighted Average Price
Natural Gas |  |  |  |  |  | (MMBtu/d) |  | ($/MMBtu)
2025 |  | Costless Collars |  | NYMEX Henry Hub |  | 17,818 |  |  | $4.00 / $4.66
2026 |  | Costless Collars |  | NYMEX Henry Hub |  | 20,000 |  |  | $4.00 / $4.52

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