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Long-Term Debt (Tables) | 6 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | The following table summarizes the Company's outstanding debt:
| June 30, 2023 |  | December 31, 2022
| (In thousands)
Credit Facility | $ | 215,000 |  |  | $ | 56,000 |
Senior Notes |  |  |
Principal | $ | 195,000 |  |  | $ | — |
Less: Unamortized discount(1) | 11,362 |  |  | — |
Less: Unamortized deferred financing costs(2) | 4,382 |  |  | — |
Total Senior Notes | $ | 179,256 |  |  | $ | — |
Less: Current portion of long-term debt(3) | 20,000 |  |  | — |
Total long-term debt | $ | 374,256 |  |  | $ | 56,000 |
_____________________ (1)Unamortized discount on long-term debt is amortized over the life of the respective debt. (2)As of June 30, 2023, unamortized deferred financing costs are attributable to and amortized over the life of the Senior Notes. (3)As of June 30, 2023, current portion of long-term debt reflects $20 million due on the Senior Notes over the next twelve months.
Schedule of Credit Facility | The following table summarizes the Credit Facility balances:
| June 30, 2023 |  | December 31, 2022
| (In thousands)
Outstanding borrowings | $ | 215,000 |  |  | $ | 56,000 |
Available under the borrowing base | $ | 110,000 |  |  | $ | 169,000 |
Schedule of Components of Interest Expense | The following table summarizes the Company's interest expense:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands)
Interest expense | $ | 9,771 |  |  | $ | 583 |  |  | $ | 11,065 |  |  | $ | 1,107 |
Capitalized interest | (835) |  |  | (190) |  |  | (1,450) |  |  | (330) |
Amortization of deferred financing costs | 450 |  |  | 182 |  |  | 643 |  |  | 373 |
Amortization of discount on Senior Notes | 638 |  |  | — |  |  | 638 |  |  | — |
Unused commitment fees on Credit Facility | 137 |  |  | 122 |  |  | 281 |  |  | 225 |
Total interest expense, net | $ | 10,161 |  |  | $ | 697 |  |  | $ | 11,177 |  |  | $ | 1,375 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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