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Note 5 - Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Derivative Instruments, Gain (Loss) [Table Text Block]
   

Three Months Ended March 31,

 
   

2023

   

2022

 
                 

Noncash derivative gain (loss), net

  $ 5,314    

$

(41,633 )

Cash payments on settled derivatives, net

    (2,194

)

    (24,761

)

Derivative gain (loss), net

  $ 3,120    

$

(66,394 )
Schedule of Price Risk Derivatives [Table Text Block]
   

Remainder of 2023

 
   

Second

Quarter

   

Third

Quarter

   

Fourth

Quarter

   

Total

 

Crude Oil Price Swaps WTI:

                               

Volume (MBbls)

    546.0       276.0             822.0  

Price per Bbl

  $ 67.81     $ 72.30     $     $ 69.32  

Deferred Premium Put Options WTI:

                               

Volume (MBbls)

    364.0       644.0       920.0       1,928.0  

Price per Bbl (Put Price)

  $ 61.05     $ 60.46     $ 55.97     $ 58.43  

Price per Bbl (Net of Premium)

  $ 56.05     $ 55.46     $ 50.97     $ 53.43  
   

2024

 
   

First

Quarter

   

Second

Quarter

   

Third

Quarter

   

Fourth

Quarter

   

Total

 

Deferred Premium Put Options WTI:

                                       

Volume (MBbls)

    455.0       455.0       460.0             1,370.0  

Price per Bbl (Put Price)

  $ 51.50     $ 51.50     $ 51.50     $     $ 51.50  

Price per Bbl (Net of Premium)

  $ 46.50     $ 46.50     $ 46.50     $     $ 46.50  
Schedule of Derivative Assets and Liabilities By Counterparty [Table Text Block]
   

As of March 31,

2023

 

Fifth Third Bank, National Association

  $ (4,272

)

Bank of America, National Association

    (4,359

)

Citizens Bank, National Association

    (3,431

)

    $ (12,062

)