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DERIVATIVE AND HEDGING ACTIVITIES (Tables) | 12 Months Ended
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Dec. 31, 2023
DERIVATIVE AND HEDGING ACTIVITIES |
Summary of location and fair value of derivative contracts | The following table summarizes the location and fair value amounts of all derivative contracts in the consolidated balance sheets as of December 31, 2023 and 2022 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31, | ​ | ​ | ​ | Years Ended December 31,
Balance sheet location |  | 2023 |  | 2022 |  | Balance sheet location |  | 2023 |  | 2022
Current assets | ​ | $ | 8,992 | ​ | $ | 16,244 | ​ | Current liabilities | ​ | $ | (17,191) | ​ | $ | (29,286)
Other noncurrent assets | ​ | ​ | 4,877 | ​ | ​ | 5,379 | ​ | Other noncurrent liabilities | ​ | ​ | (16,058) | ​ | ​ | (33,649)
​ | ​ | $ | 13,869 | ​ | $ | 21,623 | ​ | ​ | ​ | $ | (33,249) | ​ | $ | (62,935)
Summary of the location and amounts of the Company's realized and unrealized gains and losses on derivative contracts | The following table summarizes the location and amounts of the Company’s realized and unrealized gains and losses on derivative contracts in the Company’s consolidated statements of operations (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Location of gain or (loss) | ​ | ​ | ​ | ​
​ | ​ | on derivative contracts on | ​ | Years Ended December 31,
Type |  | Statement of Operations |  | 2023 |  | 2022
Commodity contracts: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized gain (loss) | ​ | Other income (expenses) | ​ | $ | 21,934 | ​ | $ | 20,256
Realized gain (loss) | ​ | Other income (expenses) | ​ | ​ | (9,245) | ​ | ​ | (130,262)
Total net gain (loss) | ​ | ​ | ​ | $ | 12,689 | ​ | $ | (110,006)
Schedule of open derivative contracts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Instrument |  | ​ | 2024 |  | ​ | 2025 |  | ​ | 2026 | ​ | ​ | 2027
Crude oil: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fixed-price swap: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total volumes (Bbls) | ​ | ​ | 1,834,924 | ​ | ​ | 1,405,463 | ​ | ​ | 1,016,641 | ​ | ​ | 620,387
Weighted average price | ​ | $ | 63.62 | ​ | $ | 61.59 | ​ | $ | 63.50 | ​ | $ | 61.38
Basis swap: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total volumes (Bbls) | ​ | ​ | 1,834,321 | ​ | ​ | 1,430,806 | ​ | ​ | 1,023,669 | ​ | ​ | 682,265
Weighted average price | ​ | $ | 0.27 | ​ | $ | 0.24 | ​ | $ | 0.04 | ​ | $ | 0.44
WTI NYMEX roll: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total volumes (Bbls) | ​ | ​ | 1,814,073 | ​ | ​ | 1,430,806 | ​ | ​ | 1,023,669 | ​ | ​ | 682,265
Weighted average price | ​ | $ | 0.27 | ​ | $ | 0.13 | ​ | $ | (0.01) | ​ | $ | (0.02)
Natural gas: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fixed-price swap: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total volumes (MMBtu) | ​ | ​ | 4,452,855 | ​ | ​ | 4,284,179 | ​ | ​ | 2,357,998 | ​ | ​ | 1,587,636
Weighted average price | ​ | $ | 3.54 | ​ | $ | 3.40 | ​ | $ | 3.96 | ​ | $ | 3.68
Two-way collar: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total volumes (MMBtu) | ​ | ​ | 2,610,639 | ​ | ​ | 1,651,321 | ​ | ​ | 2,063,812 | ​ | ​ | 1,355,000
Weighted average price (call) | ​ | $ | 5.08 | ​ | $ | 5.12 | ​ | $ | 5.26 | ​ | $ | 5.57
Weighted average price (put) | ​ | $ | 3.67 | ​ | $ | 3.72 | ​ | $ | 3.70 | ​ | $ | 3.66
Basis swap: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total volumes (MMBtu) | ​ | ​ | 7,052,822 | ​ | ​ | 5,834,257 | ​ | ​ | 4,382,626 | ​ | ​ | 2,653,497
Weighted average price | ​ | $ | (0.87) | ​ | $ | (0.68) | ​ | $ | (0.77) | ​ | $ | (0.71)
Schedule of potential effects of master netting arrangements on the fair value of derivative contracts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Derivative Assets | ​ | Derivative Liabilities
​ | ​ | Years Ended December 31, | ​ | Years Ended December 31,
Offsetting of Derivative Assets and Liabilities |  | 2023 | ​ | 2022 |  | 2023 |  | 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gross Amounts - Consolidated Balance Sheet | ​ | $ | 13,869 | ​ | $ | 21,623 | ​ | $ | (33,249) | ​ | $ | (62,935)
Amounts Not Offset - Consolidated Balance Sheet | ​ | ​ | (13,218) | ​ | ​ | (20,997) | ​ | ​ | 13,218 | ​ | ​ | 20,997
Net amount | ​ | $ | 651 | ​ | $ | 626 | ​ | $ | (20,031) | ​ | $ | (41,938)

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- Definition Tabular disclosure of the location and amount of derivative instruments and non-derivative instruments not designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and non-derivative instruments designated and qualified as hedging instruments. + References No definition available. + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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