Price-Risk Management Price-Risk Management (Tables)

9 Months Ended

Sep. 30, 2020

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, 2020:

Oil Derivative Swaps (New York Mercantile Exchange (“NYMEX”) WTI Settlements)	Total Volumes (Bbls)	Weighted-Average Price		Weighted-Average Collar Floor Price		Weighted-Average Collar Call Price
2020 Contracts
4Q20	353,626	$	47.72
2021 Contracts
1Q21	215,538	$	51.93
2Q21	195,646	$	51.93
3Q21	179,759	$	51.19
4Q21	163,812	$	52.39
2022 Contracts
1Q22	88,455	$	36.79
Collar Contracts
2020 Contracts
4Q20	115,000			$	31.00	$	36.15
2021 Contracts
1Q21	155,475			$	34.15	$	39.24
2Q21	116,980			$	34.33	$	40.30
3Q21	90,620			$	34.34	$	39.87
4Q21	84,640			$	34.70	$	41.01
2022 Contracts
2Q22	86,450			$	39.00	$	46.50

Natural Gas Derivative Contracts (NYMEX Henry Hub Settlements)	Total Volumes (MMBtu)	Weighted-Average Price		Weighted-Average Collar Floor Price		Weighted-Average Collar Call Price
2020 Contracts
4Q20	7,817,000	$	2.63
2021 Contracts
1Q21	2,398,078	$	2.74
2Q21	832,255	$	2.42
3Q21	330,000	$	2.62
4Q21	290,000	$	2.69
Collar Contracts
2020 Contracts
4Q20	920,000			$	2.57	$	2.93
2021 Contracts
1Q21	7,027,800			$	2.53	$	3.33
2Q21	4,546,000			$	2.18	$	2.69
3Q21	4,665,175			$	2.02	$	2.65
4Q21	4,391,000			$	2.25	$	2.71
2022 Contracts
1Q22	4,415,000			$	2.50	$	3.35
2Q22	4,200,000			$	2.23	$	2.70

Natural Gas Basis Derivative Swap (East Texas Houston Ship Channel vs. NYMEX Settlements)	Total Volumes (MMBtu)	Weighted-Average Price
2020 Contracts
4Q20	11,868,000	$	(0.04)
2021 Contracts
1Q21	9,900,000	$	(0.02)
2Q21	10,010,000	$	(0.02)
3Q21	10,120,000	$	(0.02)
4Q21	10,120,000	$	(0.02)

Oil Basis Contracts (Argus Cushing (WTI) and Magellan East Houston)	Total Volumes (Bbls)	Weighted-Average Price
2020 Contracts
4Q20	465,275	$	1.20
2021 Contracts
1Q21	373,750	$	1.19
2Q21	329,150	$	1.22
3Q21	262,200	$	1.27
4Q21	241,500	$	1.28
Calendar Monthly Roll Differential Swaps
2020 Contracts
4Q20	469,900	$	(0.02)
2021 Contracts
1Q21	367,000	$	(0.40)
2Q21	313,900	$	(0.37)
3Q21	253,000	$	(0.34)
4Q21	241,500	$	(0.33)