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Subsequent Events (Tables)
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Schedule of Derivative Contracts
As of March 31, 2026, the Company's open derivative contracts consisted of oil, natural gas, and NGL commodity derivative contracts as follows:

PeriodIndexDaily Volume
Weighted Average Price
Oil (Bbl)
Fixed Price Swaps
April 2026 - December 2026NYMEX WTI799$74.37
January 2027 - December 2027NYMEX WTI200$65.00
Producer Costless Collars
April 2026 - December 2026NYMEX WTI975
$57.56 Put / $79.93 Call
Natural Gas (MMBtu)
Fixed Price Swaps
April 2026 - December 2026NYMEX Henry Hub16,430$4.17
Producer Costless Collars
April 2026 - December 2026NYMEX Henry Hub4,500
$3.35 Put / $5.35 Call
NGL (Bbl)
Fixed Price Swaps
April 2026 - December 2026Mont Belvieu OPIS420$55.41

As of December 31, 2025, the Company's open derivative contracts consisted of oil and natural gas commodity derivative contracts under which we will receive a fixed price for the contract and pay a floating market price to the counterparty over a specified period for a contracted volume. These commodity derivative contracts consisted of the following:

PeriodIndexDaily Volume
Weighted Average Price
Oil (Bbl)
Fixed Price SwapsJanuary 2026 - June 2026NYMEX WTI300$68.67
Natural Gas (MMBtu)
Fixed Price Swaps January 2026 - December 2026NYMEX Henry Hub 11,797$4.16
Producer Costless Collars January 2026 - December 2026 NYMEX Henry Hub4,500
$3.35 Put / $5.35 Call
Subsequent to March 31, 2026, the Company entered into the following oil derivative producer costless collar contracts:

PeriodIndexDaily Volume (Bbl)Put (Per Bbl)Call (Per Bbl)
June - December 2026NYMEX WTI280$80.00 $100.00 

Subsequent to March 31, 2026, the Company entered into the following NGL derivative swap contracts:

PeriodIndexDaily Volume (Bbl)Weighted Average Price Per Bbl
June - December 2026Mont Belvieu OPIS70$47.88