XML 122 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1
Senior Secured Credit Facility (Details)
$ in Millions
3 Months Ended
Feb. 12, 2024
May 05, 2023
agreement
Apr. 11, 2016
USD ($)
Sep. 30, 2024
Mar. 31, 2024
Jan. 06, 2025
USD ($)
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]              
Minimum current ratio     1        
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum              
Debt Instrument [Line Items]              
Debt instrument, variable interest rate     0.50%        
Senior Secured Reserve-Based Credit Facility | Crude Oil and Natural Gas Liquids (NGL) | Revolving credit facility | Subsequent Event              
Debt Instrument [Line Items]              
Percentage of production hedged           50.00%  
Debt instrument, covenant, percent of borrowings base utilized           50.00%  
Line of Credit | Senior Secured Reserve-Based Credit Facility | Revolving credit facility              
Debt Instrument [Line Items]              
Maximum borrowing capacity     $ 50.0        
Available borrowing capacity             $ 10.5
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        
Long-term line of credit             $ 39.5
Weighted average interest rate             7.80%
Commitment fee percentage     0.25%        
Maximum total leverage ratio (not more than)     3        
Current borrowing base             $ 50.0
Covenant compliance       As of December 31, 2024, the Company is in compliance with all covenants under the Senior Secured Credit Facility.      
Hedge period 12 months       12 months    
Line of Credit | Senior Secured Reserve-Based Credit Facility | Revolving credit facility | Maximum              
Debt Instrument [Line Items]              
Percentage of borrowing base to Margined Collateral Value 25.00%            
Line of Credit | Senior Secured Reserve-Based Credit Facility | Revolving credit facility | Subsequent Event              
Debt Instrument [Line Items]              
Optional contingent payment of principal instead of pulling on additional hedges           $ 7.0  
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%          
Line of Credit | Senior Secured Reserve-Based Credit Facility | Crude oil | Revolving credit facility | Minimum              
Debt Instrument [Line Items]              
Percentage of production hedged 40.00%       40.00%    
Line of Credit | Senior Secured Reserve-Based Credit Facility | Crude Oil and Natural Gas Liquids (NGL) | Revolving credit facility | Minimum              
Debt Instrument [Line Items]              
Percentage of production hedged 25.00%       25.00%    
Line of Credit | Senior Secured Reserve-Based Credit Facility | Crude Oil and Natural Gas Liquids (NGL) | Revolving credit facility | Subsequent Event | Minimum              
Debt Instrument [Line Items]              
Percentage of production hedged           50.00%