Price-Risk Management Price-Risk Management (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30, 2021:

Oil Derivative Contracts (New York Mercantile Exchange (“NYMEX”) WTI Settlements)	Total Volumes (Bbls)	Weighted-Average Price		Weighted-Average Collar Floor Price		Weighted-Average Collar Call Price
Swap Contracts
2021 Contracts
3Q21	179,759	$	51.19
4Q21	191,412	$	53.60
2022 Contracts
1Q22	178,455	$	45.77
2Q22	91,000	$	54.00
3Q22	200,100	$	47.05
4Q22	138,000	$	53.20
2023 Contracts
1Q23	81,900	$	55.70
Collar Contracts
2021 Contracts
3Q21	90,620			$	34.34	$	39.87
4Q21	84,640			$	34.70	$	41.01
2022 Contracts
1Q22	40,500			$	40.00	$	45.55
2Q22	115,850			$	39.25	$	46.20
2023 Contracts
2Q23	36,400			$	56.00	$	63.20

Natural Gas Derivative Contracts (NYMEX Henry Hub Settlements)	Total Volumes (MMBtu)	Weighted-Average Price		Weighted-Average Collar Floor Price		Weighted-Average Collar Call Price
Swap Contracts
2021 Contracts
3Q21	330,000	$	2.62
4Q21	290,000	$	2.69
2022 Contracts
3Q22	2,100	$	2.50
Collar Contracts
2021 Contracts
3Q21	8,185,175			$	2.36	$	2.82
4Q21	8,991,000			$	2.61	$	2.98
2022 Contracts
1Q22	8,465,000			$	2.72	$	3.36
2Q22	5,246,500			$	2.15	$	2.60
3Q22	4,899,000			$	2.39	$	2.72
4Q22	4,545,076			$	2.41	$	2.88
2023 Contracts
1Q23	4,297,000			$	2.62	$	3.11

Natural Gas Basis Derivative Swaps (East Texas Houston Ship Channel vs. NYMEX Settlements)	Total Volumes (MMBtu)	Weighted-Average Price
2021 Contracts
3Q21	10,120,000	$	(0.022)
4Q21	11,040,000	$	(0.013)
2022 Contracts
1Q22	6,300,000	$	0.052
2Q22	2,730,000	$	(0.063)
3Q22	2,760,000	$	(0.063)
4Q22	2,760,000	$	(0.063)

Oil Basis Swaps (Argus Cushing (WTI) and Magellan East Houston)	Total Volumes (Bbls)	Weighted-Average Price
2021 Contracts
3Q21	262,200	$	1.27
4Q21	241,500	$	1.28
Calendar Monthly Roll Differential Swaps
2021 Contracts
3Q21	253,000	$	(0.34)
4Q21	241,500	$	(0.33)
2022 Contracts
1Q22	216,000	$	0.09
2Q22	218,400	$	0.09
3Q22	220,800	$	0.09
4Q22	220,800	$	0.09

NGL Swaps (Mont Belvieu)	Total Volumes (Bbls)	Weighted-Average Price
2021 Contracts
3Q21	192,324	$	24.26
4Q21	192,324	$	24.26
2022 Contracts
1Q22	45,000	$	23.52