7 unchanged sentences
We have used, and may use, a variety of commodity-based derivative contracts, including fixed price swaps, basis swaps and collars.
−Removed: At March 31, 2023, we had no open commodity derivative contracts or obligations to enter into commodity derivative contracts.
+Added: At June 30, 2023, we had no open commodity derivative contracts or obligations to enter into commodity derivative contracts.
Because we historically have not designated any of our derivative contracts as hedges for accounting purposes, changes in the fair value of our derivative contracts were recognized as gains and losses in current period earnings.
1 unchanged sentence
Changes in fair value were principally measured based on a comparison of future prices to the contract price at the end of the period.
−Removed: The following table summarizes derivative activity for the three-month periods ended March 31, 2023 and 2022 (in thousands):
−Removed: Three Months Ended March 31,
+Added: The following table summarizes derivative activity for the three and six-month periods ended June 30, 2023 and 2022 (in thousands):
+Added: Three Months Ended June 30, Six Months Ended June 30,
+Added: 2023 2022 2023 2022
(Gain) loss on derivative contracts $ — $ — $ (1,447) $ 1,064
15 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.