Annual report [Section 13 and 15(d), not S-K Item 405]

FINANCIAL INSTRUMENTS (Tables)

v3.25.0.1
FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Contracted Volumes and Weighted Average Prices of Open Derivative Contracts

Average

Daily

Total

Weighted

Weighted

Weighted

Instrument

Volumes

    

Volumes

    

Strike Price

    

Put Price

    

Call Price

Period

    

Type

    

(Mmbtu)

(Mmbtu)

($/Mmbtu)

($/Mmbtu)

($/Mmbtu)

Jan 2025 - Mar 2025

calls

62,000

5,580,000

$

$

$

5.50

Jan 2025 - Mar 2025

swaps

63,333

5,700,000

$

2.72

$

$

Apr 2025 - Dec 2025

puts

62,182

17,100,000

$

$

2.27

$

Jan 2026 - Dec 2026

puts

55,890

20,400,000

$

$

2.35

$

Jan 2027 - Dec 2027

puts

52,603

19,200,000

$

$

2.37

$

Jan 2028 - Apr 2028

puts

49,587

6,000,000

$

$

2.50

$

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The fair value of the Company’s derivative financial instruments was recorded in the Consolidated Balance Sheets as follows (in thousands):

    

December 31, 

2024

2023

Prepaid expenses and other current assets

$

868

$

1,180

Other assets

 

4,150

 

10,068

Accrued liabilities

 

3,731

 

6,267

Other liabilities

2,756

The impact of commodity derivative contracts on the Consolidated Statements of Operations was as follows (in thousands):

Year Ended December 31, 

    

2024

    

2023

    

2022

Realized (gain) loss

$

(2,879)

$

4,087

$

125,089

Unrealized gain

(710)

(58,846)

(39,556)

Derivative (gain) loss, net

$

(3,589)

$

(54,759)

$

85,533

Schedule of Net Values and Estimated Fair Values of Debt Instruments

The following table presents the net values and estimated fair values of the Company’s debt (in thousands):

    

December 31, 2024

    

December 31, 2023

Net Value

    

Fair Value

    

Net Value

    

Fair Value

Term Loan

$

112,132

$

109,727

$

111,107

$

108,467

11.75% Notes

272,081

 

278,765

 

269,910

 

283,443

TVPX Loan

9,010

9,395

9,587

10,156

Total

$

393,223

$

397,887

$

390,604

$

402,066