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Derivatives (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Gain (Loss)

The following table summarizes derivative activity for the three-month periods ended March 31, 2023 and 2022 (in thousands):

									Three Months Ended March 31,
															2023						2022
(Gain) loss on derivative contracts															$	(1,447)					$	1,064
Realized settlement gains (losses) on derivative contracts															$	5,876					$	(1,085)

Schedule of Offsetting Assets

The following table summarizes (i) the Company's commodity derivative contracts on a gross basis, (ii) the effects of netting assets and liabilities for which the right of offset exists based on master netting arrangements and (iii) the Company’s net derivative asset position as of December 31, 2022 (in thousands):

						Gross Amounts						Gross Amounts Offset						Amounts Net of Offset						Financial Collateral						Net Amount
Assets
Derivative contracts - current						$	4,429					$	—					$	4,429					$	—					$	4,429
Total						$	4,429					$	—					$	4,429					$	—					$	4,429

Schedule of Fair Value of Derivatives

The following table presents the fair value of the Company’s derivative contracts on a net basis with the same counterparty (in thousands):

Type of Contract						Balance Sheet Classification						December 31, 2022
Natural Gas						Current assets - Derivative Contracts						$	4,429
Total net derivative contracts												$	4,429

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Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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