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Commodity Price Risk Activities (Tables)
9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Commodity Derivative Contracts
The following table summarizes Lonestar's commodity derivative contracts as of September 30, 2019:
 
 
Contract
 
 
 
 
 
Volumes
 
Weighted
Commodity
 
Type
 
Period
 
Range (1)
 
(Bbls/Mcf per day)
 
Average Price
Oil - WTI
 
Swaps
 
Oct - Dec 2019
 
$48.04 - $69.57
 
7,212

 
$
54.54

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

 
5.05

Oil - WTI
 
Swaps
 
Jan - Dec 2020
 
48.90 - 65.56
 
7,480

 
56.95

Oil - WTI
 
Swaps
 
Jan - Dec 2021
 
51.05 - 56.50
 
3,000

 
54.68

Natural Gas - Henry Hub
 
Swaps
 
Oct - Dec 2019
 
2.76 - 2.98
 
15,000

 
2.87

Natural Gas - Henry Hub
 
Swaps
 
Jan - Dec 2020
 
2.59 - 2.59
 
15,000

 
2.59

(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.