Derivative instruments (Tables)

9 Months Ended

Sep. 30, 2022

Derivative instruments

Schedule of volume-based derivative activity subject to price risk

			Contract Prices
Period	Type of Contract	(Volume/Month)	Range	Weighted Average
Oct 2022 – Dec 2023	Producer 3-way (crude oil)	34,413 – 612	$113.10 – $40.00		$75.16
Oct 2022 – Dec 2022	Collar (crude oil)	33,886 – 5,448	$112.75 – $85.00		$97.24
Nov 2022 – Mar 2023	Producer 3-way (natural gas)	128,912 – 3,813	$8.44 – $3.00		$5.13
Nov 2022 – Jun 2023	Collar (natural gas)	90,941 – 11,036	$9.05 – $2.90		$5.48

Schedule of derivative liabilities categorized by primary underlying risk

	September 30, 2022				September 30, 2022
	Derivative assets				Derivative liabilities
(in thousands)	Current portion		Noncurrent portion		Current portion		Noncurrent portion
Primary underlying risk
Commodity price
Crude oil	$	4,581	$	812	$	(1,865)	$	—
Natural gas		(205)		—		(2,076)		—
Total	$	4,376	$	812	$	(3,941)	$	—

	December 31, 2021				December 31, 2021
	Derivative assets					Derivative liabilities
(in thousands)	Current portion		Noncurrent portion		Current portion		Noncurrent portion
Primary underlying risk
Commodity price
Crude oil	$	—	$	—	$	(3,465)	$	(411)
Natural gas		—		—		(488)		11
Total	$	—	$	—	$	(3,953)	$	(400)

Schedule of income as gain/(loss) on derivative contracts

	Three months ended September 30, 2022
(in thousands)	Realized loss		Change in unrealized  gain/(loss)		Total
Primary underlying risk
Commodity price
Crude oil	$	(4,971)	$	16,571	$	11,600
Natural gas		(4,360)		(1,158)		(5,518)
Total	$	(9,331)	$	15,413	$	6,082

	Nine months ended September 30, 2022
(in thousands)	Realized loss		Change in unrealized  gain/(loss)		Total
Primary underlying risk
Commodity price
Crude oil	$	(15,388)	$	7,404	$	(7,984)
Natural gas		(9,359)		(1,804)		(11,163)
Total	$	(24,747)	$	5,600	$	(19,147)

	Three months ended September 30, 2021
(in thousands)	Realized loss		Change in unrealized  gain/(loss)		Total
Primary underlying risk
Commodity price
Crude oil	$	(2,324)	$	721	$	(1,603)
Natural gas		(1,635)		(3,320)		(4,955)
Total	$	(3,959)	$	(2,599)	$	(6,558)

	Nine months ended September 30, 2021
(in thousands)	Realized loss		Change in unrealized loss		Total
Primary underlying risk
Commodity price
Crude oil	$	(2,583)	$	(6,775)	$	(9,358)
Natural gas		(4,522)		(4,235)		(8,757)
Total	$	(7,105)	$	(11,010)	$	(18,115)