Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value Amounts of Derivative Instruments

The following table summarizes the location, as well as the gross and net fair value amounts, of all derivative instruments presented on the Consolidated Balance Sheets as of the dates indicated.



	As of December 31, 2019
Balance Sheet	Gross Amounts of Recognized Assets			Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets Presented in the Balance Sheet
				(in thousands)
Derivative assets current	$	8,477		$	(4,561	)	⁽¹⁾	$	3,916
Derivative assets non-current	413			(413		)	⁽¹⁾	—
Total derivative assets	$	8,890		$	(4,974	)		$	3,916

	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Balance Sheet				Net Amounts of Liabilities Presented in the Balance Sheet
				(in thousands)
Derivative liabilities	$	(8,972	)	$	4,561		⁽¹⁾	$	(4,411	)
Other noncurrent liabilities	(1,084		)	413			⁽¹⁾	(671		)
Total derivative liabilities	$	(10,056	)	$	4,974			$	(5,082	)

	As of December 31, 2018
Balance Sheet	Gross Amounts of Recognized Assets			Gross Amounts Offset in the Balance Sheet				Net Amounts of Assets Presented in the Balance Sheet
				(in thousands)
Derivative assets current	$	82,205		$	(1,039	)	⁽¹⁾	$	81,166
Derivative assets non-current	27,289			—				27,289
Total derivative assets	$	109,494		$	(1,039	)		$	108,455

	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Balance Sheet				Net Amounts of Liabilities Presented in the Balance Sheet
				(in thousands)
Derivative liabilities	$	(1,039	)	$	1,039		⁽¹⁾	$	—
Other noncurrent liabilities	—			—				—
Total derivative liabilities	$	(1,039	)	$	1,039			$	—

(1)

Asset and liability balances with the same counterparty are presented as a net asset or liability on the Consolidated Balance Sheets.

Schedule of Financial Instruments for Hedging Volumes

As of December 31, 2019, the Company had swap contracts in place to hedge the following volumes for the periods indicated:



	For the Year 2020			For the Year 2021
	Derivative Volumes	Weighted Average Price		Derivative Volumes	Weighted Average Price
Oil (Bbls)	5,857,500	$	58.32	911,000	$	53.42