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Subsequent events (Tables)
 3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Schedule of Derivatives Entered into Subsequent to the Reporting Period
The following table details the interest rate derivative that was entered into:
 
 
Notional amount (in thousands)
 
Fixed rate
 
Contract period
LIBOR - Swap
 
$
100,000

 
0.345
%
 
April 16, 2020 - April 18, 2022

The following table summarizes open oil and natural gas derivative positions as of March 31, 2020, for oil and natural gas derivatives that were entered into through May 6, 2020, for the settlement periods presented:
 
 
Remaining year 2020
 
Year 2021
 
Year 2022
Oil:
 
 
 
 

 
 
WTI NYMEX - Swaps:
 
 

 
 

 
 
Volume (Bbl)
 
5,390,000

 
—

 
—

Weighted-average price ($/Bbl)
 
$
59.50

 
$
—

 
$
—

Brent ICE:
 
 

 
 

 
 
Puts(1):
 
 

 
 

 
 
Volume (Bbl)
 
—

 
2,463,750

 
—

Weighted-average floor price ($/Bbl)
 
$
—

 
$
55.00

 
$
—

Swaps:
 
 
 
 
 
 
Volume (Bbl)
 
1,787,500

 
2,555,000

 
—

Weighted-average price ($/Bbl)
 
$
63.07

 
$
53.19

 
$
—

Collars:
 
 

 
 

 
 
Volume (Bbl)
 
—

 
584,000

 
—

Weighted-average floor price ($/Bbl)
 
$
—

 
$
45.00

 
$
—

Weighted-average ceiling price ($/Bbl)
 
$
—

 
$
59.50

 
$
—

Total Brent ICE:
 
 
 
 
 
 
Total volume with floor (Bbl)
 
1,787,500

 
5,602,750

 
—

Weighted-average floor price ($/Bbl)
 
$
63.07

 
$
53.13

 
$
—

Total volume with ceiling (Bbl)
 
1,787,500

 
3,139,000

 
—

Weighted-average ceiling price ($/Bbl)
 
$
63.07

 
$
54.37

 
$
—

Total oil volume with floor (Bbl)
 
7,177,500

 
5,602,750

 
—

Total oil volume with ceiling (Bbl)
 
7,177,500

 
3,139,000

 
—

Basis Swaps:
 
 
 
 
 
 
Brent ICE to WTI NYMEX - Basis Swaps
 
 
 
 
 
 
Volume (Bbl)
 
2,695,000

 
—

 
—

Weighted-average differential ($/Bbl)
 
$
5.09

 
$
—

 
$
—

Natural gas:
 
 

 
 

 
 
Henry Hub NYMEX - Swaps:
 
 

 
 

 
 
Volume (MMBtu)
 
17,875,000

 
42,522,500

 
—

Weighted-average price ($/MMBtu)
 
$
2.72

 
$
2.59

 
$
—

Waha Inside FERC to Henry Hub NYMEX - Basis Swaps:
 
 

 
 

 
 
Volume (MMBtu)
 
31,625,000

 
41,610,000

 
7,300,000

Weighted-average differential ($/MMBtu)
 
$
(0.82
)
 
$
(0.55
)
 
$
(0.53
)
_____________________________________________________________________________
(1)
Associated with these open positions were $50.6 million of premiums paid, which were settled at their respective contracts' inception.