Price-Risk Management Price-Risk Management (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2019:

Oil Derivative Swaps (New York Mercantile Exchange (“NYMEX”) West Texas Intermediate (“WTI”) Settlements)	Total Volumes (Bbls)	Weighted-Average Price
2019 Contracts
4Q19	280,567	$	59.57
2020 Contracts
1Q20	272,767	$	56.97
2Q20	289,119	$	56.88
3Q20	306,904	$	56.70
4Q20	299,121	$	54.74
2021 Contracts
1Q21	56,175	$	55.23
2Q21	52,325	$	57.00

Natural Gas Derivative Contracts (NYMEX Henry Hub Settlements)	Total Volumes (MMBtu)	Weighted-Average Price		Weighted-Average Collar Floor Price		Weighted-Average Collar Call Price
2019 Contracts
4Q19	11,486,000	$	2.89
2020 Contracts
1Q20	9,920,000	$	2.73
2Q20	7,328,000	$	2.63
3Q20	7,265,000	$	2.63
4Q20	7,042,000	$	2.63
Collar Contracts
2021 Contracts
1Q21	4,354,800			$	2.50	$	3.52
2Q21	3,791,000			$	2.20	$	2.75

NGL Contracts	Total Volumes (Bbls)	Weighted-Average Price
2019 Contracts
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
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 Louisiana Light Sweet Settlements/Magellan East Houston)	Total Volumes (Bbls)	Weighted-Average Price
2019 Contracts
4Q19	75,000	$	3.73
2020 Contracts (Calendar Monthly Roll Differential Swaps)
1Q20	136,500	$	0.51
2Q20	136,500	$	0.51
3Q20	138,000	$	0.51
4Q20	138,000	$	0.51