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Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
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 Unaudited Consolidated Balance Sheets as of the dates indicated.
As of March 31, 2020
Balance SheetGross 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)$126,207  $—  $126,207  
Derivative assets (noncurrent)37,254  (1,275) 
(1)
35,979  
Total derivative assets$163,461  $(1,275) $162,186  
Gross Amounts of
Recognized Liabilities		Gross Amounts
Offset in the Balance
Sheet		Net Amounts of
Liabilities Presented in
the Balance Sheet
 (in thousands)
Accounts payable and accrued liabilities$—  $—  $—  
Other noncurrent liabilities(1,275) 1,275  
(1)
—  
Total derivative liabilities$(1,275) $1,275  $—  
  
As of December 31, 2019
Balance SheetGross 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 (noncurrent)413  (413) 
(1)
—  
Total derivative assets$8,890  $(4,974) $3,916  
Gross Amounts of
Recognized Liabilities		Gross Amounts
Offset in the Balance
Sheet		Net Amounts of
Liabilities Presented in
the Balance Sheet
 (in thousands)
Accounts payable and accrued liabilities$(8,972) $4,561  
(1)
$(4,411) 
Other noncurrent liabilities(1,084) 413  
(1)
(671) 
Total derivative liabilities$(10,056) $4,974    $(5,082) 
 
(1)Asset and liability balances with the same counterparty are presented as a net asset or liability on the Unaudited Consolidated Balance Sheets.
Financial Instruments for Hedging Volumes
As of March 31, 2020, the Company had swap and swaption contracts in place to hedge the following volumes for the periods indicated:

April – December 2020For the year 2021For the year 2022
Derivative
Volumes		Weighted Average PriceDerivative VolumesWeighted Average PriceDerivative VolumesWeighted Average Price
Swaps
Oil (Bbls)4,034,000  $57.48  3,007,500  $54.71  —  $—  
Swaptions
Oil (Bbls)—  $—  —  $—  1,092,000  $55.08