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Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Open Crude Oil and Natural Gas Derivative Contracts
The Company had the following open crude oil and natural gas derivative contracts as of June 30, 2021:
 Price Swaps
PeriodCommodityVolume
(Bbls / MMBtu)		Weighted Average Price
($/Bbl / $/MMBtu)
Q3 - Q4 2021Crude Oil1,693,400 $49.10 
Q1 - Q4 2022Crude Oil1,732,250 $53.64 
Q3 - Q4 2021Crude Oil Basis Swap (1)1,509,400 $0.80 
Q3 - Q4 2021Crude Oil Roll Swap (2)474,650 $(0.26)
Q1 - Q4 2022Crude Oil Basis Swap (1)2,007,500 $0.68 
Q3 - Q4 2021Natural Gas4,904,000 $2.87 
Q1 - Q4 2022Natural Gas4,295,000 $2.92 
Q3 - Q4 2021Natural Gas Basis Swap (3)5,026,000 $(0.30)
Q1 - Q4 2022Natural Gas Basis Swap (3)7,725,000 $(0.24)
(1)The basis differential price is between WTI Midland Crude and the WTI NYMEX.
(2)The swap is between WTI Roll and the WTI NYMEX.
(3)The basis differential price is between W. Texas (WAHA) and the Henry Hub NYMEX.
 Costless Collars
PeriodCommodityVolume
(Bbls / MMBtu)		Sold Ceiling
($/Bbl / $/MMBtu)		Bought Floor
($/Bbl / $/MMBtu)
Q1 - Q4 2022Crude Oil Costless Collar365,000 $68.75 $55.00 
Q3 - Q4 2021Natural Gas Costless Collar122,000 $4.10 $3.50 
Q1 2022Natural Gas Costless Collar1,080,000 $3.75 $3.17 
Schedule of Interest Rate Swaps
The Company had the following interest rate swaps as of June 30, 2021:
Effective DatesNotional AmountFixed Rate
May 5, 2020 to May 5, 2022$125,000,0000.286 %
May 5, 2022 to May 5, 2023$100,000,0000.286 %
May 5, 2023 to May 7, 2024$75,000,0000.286 %
Schedule of Location and Fair Value Amounts of All Derivative Instruments
The following table summarizes the location and fair value amounts of all derivative instruments in the Condensed Consolidated Balance Sheets as well as the gross recognized derivative assets, liabilities, and amounts offset in the Condensed Consolidated Balance Sheets (in thousands): 
  June 30, 2021December 31, 2020
Derivatives not
designated as hedging
contracts under ASC
Topic 815		Balance Sheet LocationGross
Recognized
Assets /
Liabilities		Gross
Amounts
Offset		Net
Recognized
Assets /
Liabilities		Gross
Recognized
Assets /
Liabilities		Gross
Amounts
Offset		Net
Recognized
Assets /
Liabilities
Commodity contractsDerivative asset - current$2,127 $(2,055)$72 $11,071 $(3,562)$7,509 
Commodity contractsDerivative liability - current$59,820 $(2,055)$57,765 $4,492 $(3,562)$930 
Interest rate swapsDerivative liability - current$192 $— $192 $205 $— $205 
Commodity contractsDerivative asset - noncurrent$856 $(617)$239 $396 $— $396 
Commodity contractsDerivative liability - noncurrent$6,018 $(617)$5,401 $— $— $— 
Interest rate swapsDerivative asset - noncurrent$455 — 455 $— $— $— 
Interest rate swapsDerivative liability - noncurrent$— $— $— $173 $— $173 
Summary of Realized and Unrealized Gains and Losses on Derivative Instruments
The following table summarizes the location and amounts of the Company’s realized and unrealized gains and losses on derivatives instruments in the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Cash Flows (in thousands): 
Derivatives not designated as hedging contracts under ASC Topic 815Three Months Ended
June 30,		Six Months Ended
June 30,
Statement of Cash Flows LocationStatement of Operations Location2021202020212020
Unrealized (loss) gainNot separately presentedNot separately presented$(36,653)$(50,036)$(59,011)$40,009 
Realized (loss) gainOperating portion of net cash (paid) received in settlement of derivative contractsNot separately presented(14,522)29,357 (25,427)39,096 
Total (loss) gain on derivative contracts, net(Loss) gain on derivative contracts, net$(51,175)$(20,679)$(84,438)$79,105