XML 44 R33.htm IDEA: XBRL DOCUMENT v3.23.3
Senior Secured Credit Facility (Details)
$ in Millions
3 Months Ended
May 05, 2023
USD ($)
agreement
Apr. 11, 2016
USD ($)
Sep. 30, 2023
USD ($)
Feb. 07, 2022
Debt Instrument [Line Items]        
Minimum current ratio   1.00    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum        
Debt Instrument [Line Items]        
Debt instrument, variable interest rate   0.50%    
Line of Credit | Senior Secured Reserve-Based Credit Facility | Revolving credit facility        
Debt Instrument [Line Items]        
Term of debt instrument   3 years    
Maximum borrowing capacity   $ 50.0    
Available borrowing capacity     $ 50.0  
Credit facility maturity date Apr. 09, 2026      
Credit facility, number of rights to interim unscheduled redeterminations | agreement 1      
Minimum consolidated tangible net worth   $ 40.0    
Commitment fee percentage   0.25%    
Maximum total leverage ratio (not more than)   3.00    
Current borrowing base     $ 50.0  
Margined collateral value $ 95.0      
Covenant compliance     As of September 30, 2023, the Company is in compliance with the financial covenants under the Senior Secured Credit Facility.  
Percentage of production hedged       25.00%
Hedge period     12 months  
Line of Credit | Senior Secured Reserve-Based Credit Facility | Prime Rate | Revolving credit facility        
Debt Instrument [Line Items]        
Basis spread on variable rate   1.00%    
Line of Credit | Senior Secured Reserve-Based Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Revolving credit facility        
Debt Instrument [Line Items]        
Basis spread on variable rate 2.80%      
Credit spread adjustment 0.05%