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Derivatives (Tables)

3 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]


	Three Months Ended September 30,
	2020		2019
Realized (gain) loss	$	1,151,576	$	—
Unrealized (gain) loss	(816,610)		—
Net (gain) loss on derivative contracts	$	334,966	$	—

Schedule of Derivative Instruments

The following sets forth a summary of the Company’s open crude oil derivative positions as of September 30, 2020.

Period

Type of Contract

Volumes in Barrels

Price / Price Range

Weighted Average Floor Price per Bbl.

Weighted Average Ceiling Price per Bbl.

October 2020 to December 2020

Fixed-Price Swap

128,800

$32

$—

- 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.

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+ Details