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 September 30, 2023, we had no open commodity derivative contracts or obligations to enter into commodity derivative contracts.
+Added: At March 31, 2024, 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 and nine-month periods ended September 30, 2023 and 2022 (in thousands):
−Removed: Three Months Ended September 30, Nine Months Ended September 30,
−Removed: 2023 2022 2023 2022
−Removed: Gain on derivative contracts $ — $ (4,258) $ (1,447) $ (3,194)
−Removed: Realized settlement gains (losses) on derivative contracts $ — $ 218 $ 5,876 $ (867)
+Added: The following table summarizes derivative activity for the three-month periods ended March 31, 2024 and 2023 (in thousands):
+Added: Three Months Ended March 31,
+Added: (Gain) loss on derivative contracts $ — $ (1,447)
+Added: Settlement gains (losses) on derivative contracts $ — $ 5,876
See “Note 3 — Derivatives” to the accompanying unaudited condensed consolidated financial statements included in this Quarterly Report for additional information regarding our commodity derivatives.
13 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.