Price-Risk Management Price-Risk Management (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments [Table Text Block]

The following tables summarize the weighted average prices as well as future production volumes for our future derivative contracts in place as of March 31, 2019:

Oil Derivative Swaps (NYMEX WTI Settlements)	Total Volumes (Bbls)	Weighted Average Price
2019 Contracts
2Q19	157,450	$	57.30
3Q19	176,500	$	57.98
4Q19	172,500	$	58.07
2020 Contracts
1Q20	149,300	$	57.32
2Q20	100,350	$	56.38
3Q20	97,200	$	56.49
4Q20	72,000	$	52.29
2021 Contracts
1Q21	56,175	$	55.23

Natural Gas Derivative Contracts (NYMEX Henry Hub Settlements)	Total Volumes (MMBtu)	Weighted Average Price		Weighted Average Collar Floor		Weighted Average Collar Call Price
2019 Contracts
2Q19	12,130,000	$	2.80
3Q19	12,680,000	$	2.81
4Q19	11,486,000	$	2.89
2020 Contracts
1Q20	6,280,000	$	2.87
2Q20	3,688,000	$	2.76
3Q20	3,585,000	$	2.76
4Q20	3,362,000	$	2.77
Collar Contracts
2019 Contracts
2Q19	300,000			$	2.90	$	3.15
2021 Contracts
1Q21	4,354,800			$	2.50	$	3.52

NGL Contracts	Total Volumes (Bbls)	Weighted Average Price
2019 Contracts
2Q19	180,000	$	27.93
3Q19	180,000	$	27.93
4Q19	180,000	$	27.93

Natural Gas Basis Derivative Swap (East Texas Houston Ship Channel vs NYMEX Settlements)	Total Volumes (MMBtu)	Weighted Average Price
2019 Contracts
2Q19	14,477,500	$	0.05
3Q19	14,625,000	$	0.04
4Q19	14,625,000	$	(0.02	)
2020 Contracts
1Q20	11,739,000	$	(0.03	)
2Q20	11,739,000	$	(0.04	)
3Q20	11,868,000	$	(0.03	)
4Q20	11,868,000	$	(0.04	)
2021 Contracts
1Q21	7,200,000	$	(0.003	)
2Q21	7,280,000	$	(0.003	)
3Q21	7,360,000	$	(0.003	)
4Q21	7,360,000	$	(0.003	)

Oil Basis Contracts (Argus Cushing (WTI) and LLS Settlements)	Total Volumes (Bbls)	Weighted Average Price
2019 Contracts
2Q19	45,000	$	4.65
3Q19	45,000	$	4.65
4Q19	45,000	$	4.65