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Commodity Price Risk Activities (Tables)
12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Transactions Outstanding
The following table summarizes Lonestar's commodity derivative contracts as of December 31, 2018:
 
 
Contract
 
 
 
 
 
Volume Hedged
 
Weighted
Commodity
 
Type
 
Period
 
Range (1)
 
(Bbls/Mcf per day)
 
Average Price
Oil – WTI
 
Swaps
 
Jan - Dec 2019
 
$48.04 - $69.56
 
6,000

 
$
53.88

Oil – Argus WTI(2)
 
Basis Swaps
 
Jan - Dec 2019
 
5.00 - 5.55
 
6,000

 
5.05
Oil – WTI
 
Swaps
 
Jan - June 2020
 
48.90 - 65.56
 
2,592

 
55.70

Oil - WTI
 
Swaps
 
July - Dec 2020
 
55.06 - 65.56
 
2,765

 
58.15
Natural Gas - Henry Hub
 
Swaps
 
Jan - Mar 2019
 
3.24 - 4.41
 
15,000

 
3.78
Natural Gas - Henry Hub
 
Swaps
 
Oct - Dec 2019
 
2.78 - 2.98
 
15,000

 
2.87
(1) Ranges presented for fixed-price swaps and basis swaps represent the lowest and highest fixed prices of all open contracts for the period presented.
(2) Basis swap contracts establish a fixed amount for the differential between Argus WTI and Argus LLS prices on a trade-month basis for the period indicated.