Derivatives (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivatives terminated

The following table details the commodity derivatives that were terminated:

	Aggregate volumes (Bbl)	Floor price ($/Bbl)		Ceiling price ($/Bbl)		Contract period
WTI NYMEX - Collars	912,500	$	45.00	$	71.00	January 2021 - December 2021

Schedule of open positions and derivatives in place

The following table summarizes open commodity derivative positions as of March 31, 2020, for commodity derivatives that were entered into through March 31, 2020, for the settlement periods presented:

	Remaining year 2020			Year 2021
Oil:
WTI NYMEX - Swaps:
Volume (Bbl)	5,390,000			—
Weighted-average price ($/Bbl)	$	59.50		$	—
Brent ICE:
Swaps:
Volume (Bbl)	1,787,500			1,825,000
Weighted-average price ($/Bbl)	$	63.07		$	60.13
Collars:
Volume (Bbl)	—			584,000
Weighted-average floor price ($/Bbl)	$	—		$	45.00
Weighted-average ceiling price ($/Bbl)	$	—		$	59.50
Total Brent ICE:
Total volume (Bbl)	1,787,500			2,409,000
Weighted-average floor price ($/Bbl)	$	63.07		$	56.46
Weighted-average ceiling price ($/Bbl)	$	63.07		$	59.98
Total oil volume (Bbl)	7,177,500			2,409,000
Brent ICE to WTI NYMEX - Basis Swaps
Volume (Bbl)	2,695,000			—
Weighted-average differential ($/Bbl)	$	5.09		$	—
NGL - Mont Belvieu OPIS:
Purity Ethane - Swaps:
Volume (Bbl)	275,000			912,500
Weighted-average price ($/Bbl)	$	13.60		$	12.01
Non-TET Propane - Swaps:
Volume (Bbl)	935,000			730,000
Weighted-average price ($/Bbl)	$	26.58		$	25.52
Non-TET Normal Butane - Swaps:
Volume (Bbl)	330,000			255,500
Weighted-average price ($/Bbl)	$	28.69		$	27.72
Non-TET Isobutane - Swaps:
Volume (Bbl)	82,500			67,525
Weighted-average price ($/Bbl)	$	29.99		$	28.79
Non-TET Natural Gasoline - Swaps:
Volume (Bbl)	302,500			237,250
Weighted-average price ($/Bbl)	$	45.15		$	44.31
Total NGL volume (Bbl)	1,925,000			2,202,775
Natural gas:
Henry Hub NYMEX - Swaps:
Volume (MMBtu)	17,875,000			27,922,500
Weighted-average price ($/MMBtu)	$	2.72		$	2.53
Waha Inside FERC to Henry Hub NYMEX - Basis Swaps:
Volume (MMBtu)	31,625,000			23,360,000
Weighted-average differential ($/MMBtu)	$	(0.82	)	$	(0.47	)