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DERIVATIVES (Tables)
12 Months Ended
Dec. 31, 2025
DERIVATIVES  
Schedule of changes in fair value of derivative instruments

Year Ended December 31, 

2025

2024

2023

(In thousands)

Beginning fair value of derivative instruments

$

1,836

$

14,047

$

(12,324)

Gain (loss) on commodity derivative instruments, net

12,091

(1,345)

20,888

Net cash received on settlements of derivative instruments

(4,864)

(10,866)

5,483

Ending fair value of derivative instruments

$

9,063

$

1,836

$

14,047

Schedule of derivative contracts

December 31, 

December 31, 

Classification

Balance Sheet Location

2025

2024

(In thousands)

Assets:

Current assets

Derivative assets

$

6,504

$

2,404

Long-term assets

Derivative assets

2,587

566

Liabilities:

Current liabilities

Derivative liabilities

(255)

Long-term liabilities

Derivative liabilities

(28)

(879)

$

9,063

$

1,836

Schedule of commodity derivative contracts

Oil Price Swaps

Notional

Weighted Average

Range (per Bbl)

Volumes (Bbl)

Fixed Price (per Bbl)

Low

High

January 2026 - December 2026

595,680

$

67.75

$

63.33

$

70.78

January 2027 - December 2027

614,295

$

61.31

$

58.06

$

63.75

Natural Gas Price Swaps

Notional

Weighted Average

Range (per MMBtu)

Volumes (MMBtu)

Fixed Price (per MMBtu)

Low

High

January 2026 - December 2026

5,256,000

$

3.69

$

3.33

$

4.07

January 2027 - December 2027

5,361,120

$

3.93

$

3.47

$

4.46