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Long-Term Debt (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | The following table summarizes the Company's outstanding debt:
| September 30, 2025 |  | December 31, 2024
| (In thousands)
Credit Facility | $ | 225,000 |  |  | $ | 115,000 |
Senior Notes |  |  |
Principal | $ | 150,000 |  |  | $ | 165,000 |
Less: Unamortized discount(1) | 5,704 |  |  | 7,547 |
Less: Unamortized deferred financing costs(1) | 2,254 |  |  | 2,959 |
Total Senior Notes | $ | 142,042 |  |  | $ | 154,494 |
Total debt | $ | 367,042 |  |  | $ | 269,494 |
Less: Current portion of long-term debt(2) | 20,000 |  |  | 20,000 |
Total long-term debt | $ | 347,042 |  |  | $ | 249,494 |
___________________ (1)Unamortized discount and unamortized deferred financing costs are attributable to and amortized over the term of the Senior Notes. (2)As of September 30, 2025, and December 31, 2024, the 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:
| September 30, 2025 |  | December 31, 2024
| (In thousands)
Outstanding borrowings | $ | 225,000 |  |  | $ | 115,000 |
Available under the borrowing base | $ | 175,000 |  |  | $ | 285,000 |
Schedule of Components of Interest Expense | The following table summarizes the Company's interest expense:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands)
Interest expense | $ | 8,669 |  |  | $ | 7,597 |  |  | $ | 20,922 |  |  | $ | 24,749 |
Interest income | (198) |  |  | (229) |  |  | (477) |  |  | (672) |
Capitalized interest | (260) |  |  | (140) |  |  | (1,315) |  |  | (1,938) |
Amortization of deferred financing costs | 582 |  |  | 690 |  |  | 1,726 |  |  | 2,041 |
Amortization of discount on Senior Notes | 615 |  |  | 653 |  |  | 1,844 |  |  | 1,934 |
Unused commitment fees on Credit Facility | 198 |  |  | 218 |  |  | 738 |  |  | 599 |
Total interest expense, net | $ | 9,606 |  |  | $ | 8,789 |  |  | $ | 23,438 |  |  | $ | 26,713 |

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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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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