Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table summarizes Brigham Minerals' gain (loss) on derivative instruments, net on its condensed consolidated and combined statement of operations for the three and six months endedJune 30, 2019 and 2018 (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
(In thousands)	2019		2018			2019			2018
Realized gain (loss)	$	40	$	(247	)	$	238		$	(365	)
Unrealized gain (loss)	33		(308		)	(850		)	(549		)
Combined - realized/unrealized gain (loss)	$	73	$	(555	)	$	(612	)	$	(914	)

The fair values, notional quantities and weighted-average swap prices of these contracts as of June 30, 2019, are summarized in the table below.

Description & Production Period	Volume	Weighted Average Swap Price		Fair Value Asset/(Liability)
	(Bbl)	($/Bbl)		(In thousands)
Crude Oil Swaps:
July 2019 — September 2019	15,000	$	63.61	$	77
October 2019 — December 2019	15,000	$	63.61	$	85
Total	30,000	$	63.61	$	162

Offsetting Liabilities

The following table summarizes the location and fair value of its derivative instruments as of June 30, 2019 and December 31, 2018 (in thousands):

Derivative Instruments	Balance Sheet Classification	Gross Amount Recognized		Less Group Amount of Offset		Net Amount Recognized
As of June 30, 2019
Derivative assets:
Commodity swaps	Current derivative assets	$	162	$	—	$	162
As of December 31, 2018
Derivative assets:
Commodity swaps	Current derivative assets	$	1,057	$	—	$	1,057