XML 36 R25.htm IDEA: XBRL DOCUMENT v3.25.2
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Activity by Volume
The following table sets forth the Company’s outstanding commodity derivative contracts as of June 30, 2025.
Third QuarterFourth QuarterTotal 20252026
Collar (oil)
Volume (Bbl)802,210698,0001,500,2102,104,980
Weighted-average floor price ($/Bbl)$61.95 $60.00 $61.04 $60.00 
Weighted-average ceiling price ($/Bbl)$78.51 $77.13 $77.87 $70.44 
Collar (natural gas)
Volume (Mcf)2,441,7573,820,6156,262,37210,506,446
Weighted-average floor price ($/Mcf)$3.00 $3.43 $3.26 $3.48 
Weighted-average ceiling price ($/Mcf)$3.75 $4.23 $4.04 $4.25 
Swaps (natural gas)
Volume (Mcf)2,762,450831,3503,593,8004,351,400
Weighted-average price ($/Mcf)$3.67 $3.67 $3.67 $3.68 
Schedule of Commodity Derivatives Reported in Earnings
The following table summarizes the amounts reported as gain (loss) on derivatives - commodity derivatives in the condensed consolidated statements of operations for the three and six months ended June 30, 2025 and 2024:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Net cash receipts from (payments on) commodity derivatives
Oil derivatives$708 $(376)$642 $(279)
Natural gas derivatives263 4,327 216 6,938 
   Total net cash receipts from (payments on) commodity derivatives$971 $3,951 $858 $6,659 
Unrealized gain (loss) on commodity derivatives
Oil derivatives$9,519 $1,094 $10,873 $(6,281)
Natural gas derivatives13,435 (5,830)(2,663)(4,324)
   Total unrealized gain (loss) on commodity derivatives$22,954 $(4,736)$8,210 $(10,605)
Total gain (loss) on derivatives - commodity derivatives$23,925 $(785)$9,068 $(3,946)
Schedule of Net Cash Receipts (Payments on) Commodity Derivatives
The following table summarizes the amounts reported as gain (loss) on derivatives - commodity derivatives in the condensed consolidated statements of operations for the three and six months ended June 30, 2025 and 2024:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Net cash receipts from (payments on) commodity derivatives
Oil derivatives$708 $(376)$642 $(279)
Natural gas derivatives263 4,327 216 6,938 
   Total net cash receipts from (payments on) commodity derivatives$971 $3,951 $858 $6,659 
Unrealized gain (loss) on commodity derivatives
Oil derivatives$9,519 $1,094 $10,873 $(6,281)
Natural gas derivatives13,435 (5,830)(2,663)(4,324)
   Total unrealized gain (loss) on commodity derivatives$22,954 $(4,736)$8,210 $(10,605)
Total gain (loss) on derivatives - commodity derivatives$23,925 $(785)$9,068 $(3,946)