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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the Company's outstanding debt:
December 31,
20242023
(In thousands)
Credit Facility$115,000 $185,000 
Senior Notes
Principal$165,000 $185,000 
Less: Unamortized discount(1)
7,547 10,117 
Less: Unamortized deferred financing costs(1)
2,959 3,924 
Total Senior Notes$154,494 $170,959 
Total debt
$269,494 $355,959 
Less: Current portion of long-term debt(2)
20,000 20,000 
Total long-term debt$249,494 $335,959 
_____________________
(1)Unamortized discount and unamortized deferred financing costs are attributable to and amortized over the term of the Senior Notes.
(2)As of December 31, 2024, and 2023, the current portion of long-term debt reflects $20 million due on the Senior Notes over the next twelve months.
Schedule of Maturities of Long-Term Debt
Debt maturities as of December 31, 2024, excluding unamortized deferred financing costs, are as follows:
Year Ending December 31,
(In thousands)
2025$20,000 
202620,000 
2027 (1)
135,000 
2028105,000 
2029— 
Thereafter
— 
Total
$280,000 
_____________________
(1)The credit facility amount outstanding of $115 million as of December 31, 2024, has a stated maturity date of December 2028 which is subject to an earlier maturity date of October 2027 if any Senior Notes are still outstanding as of October 2027. For purposes of this table, the Company used the earlier date of October 2027; however, if the Senior Notes are no longer outstanding before this date, the stated maturity would become December 2028.
Schedule of Credit Facility The following table summarizes the Credit Facility balances:
December 31,
20242023
(In thousands)
Outstanding borrowings$115,000 $185,000 
Available under the borrowing base$285,000 $190,000 
Schedule of Components of Interest Expense
The following table summarizes the Company's interest expense:
Year Ended December 31,
20242023
(In thousands)
Interest expense
$31,411 $30,464 
Interest income
(866)(233)
Capitalized interest(2,350)(3,187)
Amortization of deferred financing costs
2,730 2,278 
Amortization of discount on Senior Notes
2,569 1,883 
Unused commitment fees on Credit Facility
844 611 
Total interest expense, net$34,338 $31,816