Note 6 - Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Crude Oil: Open Swap Contracts, Priced off WTI (NYMEX)
Period	Notional Quantity (Bbls/day) (1)		Notional Quantity (Bbls) (1)		Weighted Strike Price
Jan 2021 - Dec 2021		4,000		1,460,000	$	42.06
Jan 2022 - Feb 2022		3,000		177,000	$	42.98

Crude Oil: Open Call Contracts - Bought, Priced off WTI (NYMEX)
Period	Notional Quantity (Bbls/day) (1)		Notional Quantity (Bbls) (1)		Strike Price
Oct 2020 - Dec 2020		10,000		920,000	$	67.50

Crude Oil: Open Collar Contracts - Priced off WTI (NYMEX)
Period	Notional Quantity (Bbls/day) (1)		Notional Quantity (Bbls) (1)		Put Option Weighted Strike Price (Bought)		Call Option Weighted Strike Price (Sold)
Oct 2020 - Dec 2020		10,000		920,000	$	45.00	$	63.51
Jan.2021 - Feb 2022		2,056		750,422	$	35.00	$	50.00

Natural Gas: Open Swap Contracts, Bought, Priced off Henry Hub (NYMEX)
Period	Notional Quantity (MMBtu/day) (2)		Notional Quantity (MMBtu) (2)		Strike Price
Nov 2020 - Dec 2020		10,000		610,000	$	2.03
Nov 2020 - Dec 2020		15,000		915,000	$	2.21
Jan 2021 - Dec 2021		10,000		3,650,000	$	2.62
Jan 2022 - Jan 2022		20,000		620,000	$	2.79
Feb 2022 - Feb 2022		30,000		840,000	$	2.79

Natural Gas: Open Call Contracts, Bought, Priced off Henry Hub (NYMEX)
Period	Notional Quantity (MMBtu/day) (2)		Notional Quantity (MMBtu) (2)		Strike Price
Nov 2020 - Dec. 2022		40,000		31,640,000	$	3.00

Natural Gas: Open Collar Contracts, Priced off Henry Hub (NYMEX)
Period	Notional Quantity (MMBtu/day) (2)		Notional Quantity (MMBtu) (2)		Put Option Weighted Strike Price (Bought)		Call Option Weighted Strike Price (Sold)
Nov 2020 - Dec 2020		10,000		610,000	$	1.75	$	2.58
Nov 2020 - Dec 2022		40,000		31,640,000	$	1.83	$	3.00
Jan 2021 - Dec 2021		30,000		10,950,000	$	2.18	$	3.00
Jan 2022 - Feb 2022		30,000		1,770,000	$	2.20	$	4.50

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]

	September 30,		December 31,
	2020		2019
Prepaid expenses and other assets	$	12,354	$	7,266
Other assets (long-term)		3,692		2,653
Accrued liabilities		7,921		1,785
Other liabilities (long-term)		6,222		—

	Three Months Ended September 30,					Nine Months Ended September 30,
	2020		2019			2020			2019
Derivative loss (gain)	$	11,161	$	(5,853	)	$	(35,337	)	$	41,228

Schedule of Cash Receipts and Payments on Commodity Derivative Contract Settlements [Table Text Block]

	Nine Months Ended September 30,
	2020		2019
Cash receipts on derivative settlements, net	$	42,028	$	17,583