Derivative And Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Derivative And Financial Instruments

Summary Of Derivative Contracts In Place

Fixed Price Basis Swaps – West Texas Intermediate (WTI)

	Three Months Ended (volume in Bbls)
	March 31,			June 30,			September 30,			December 31,			Total
		Average			Average			Average			Average			Average
	Volume	Price		Volume	Price		Volume	Price		Volume	Price		Volume	Price
2019	—	$	—	—	$	—	—	$	—	54,824	$	60.52	54,824	$	60.52
2020	52,776	$	53.50	50,960	$	53.50	49,224	$	53.50	47,624	$	53.50	200,584	$	53.50
													255,408

Fixed Price Swaps – NYMEX (Henry Hub)

	Three Months Ended (volume in MMBtu)
	March 31,			June 30,			September 30,			December 31,			Total
		Average			Average			Average			Average			Average
	Volume	Price		Volume	Price		Volume	Price		Volume	Price		Volume	Price
2019	—	$	—	—	$	—	—	$	—	108,552	$	2.85	108,552	$	2.85
2020	105,104	$	2.85	102,008	$	2.85	99,136	$	2.85	96,200	$	2.85	402,448	$	2.85
													511,000

Schedule Of Effect Of Derivative Instruments On Consolidated Statements Of Operations

	Nine Months Ended		Year Ended
	September 30, 2019		December 31, 2018
Beginning fair value of commodity derivatives	$	3,914	$	1,231
Net gains (losses) on crude oil derivatives		(2,482)		1,400
Net gains (losses) on natural gas derivatives		210		(84)
Net settlements paid (received) on derivative contracts:
Oil		(610)		1,330
Natural gas		(56)		37
Ending fair value of commodity derivatives	$	976	$	3,914

The effect of derivative instruments on our condensed consolidated statements of operations was as follows (in thousands):

	Location of Gain (Loss)	Three Months Ended September 30,				Nine Months Ended September 30,
Derivative Type	in Income	2019		2018		2019		2018
Commodity – Mark-to-Market	Oil sales	$	1,195	$	(2,454)	$	(2,482)	$	(8,110)
Commodity – Mark-to-Market	Natural gas sales		57		23		210		27
		$	1,252	$	(2,431)	$	(2,272)	$	(8,083)