Price-Risk Management Price-Risk Management (Tables)

9 Months Ended

Sep. 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 September 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
4Q21	272,662	$	57.50
2022 Contracts
1Q22	223,455	$	49.32
2Q22	136,500	$	56.66
3Q22	246,100	$	49.63
4Q22	184,000	$	54.84
2023 Contracts
1Q23	81,900	$	55.70
Collar Contracts
2021 Contracts
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	65,975			$	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
4Q21	1,530,000	$	3.60
2022 Contracts
1Q22	232,500	$	4.00
2Q22	3,795,000	$	2.99
3Q22	4,142,100	$	3.02
4Q22	2,760,000	$	3.14
Collar Contracts
2021 Contracts
4Q21	9,301,000			$	2.73	$	3.15
2022 Contracts
1Q22	9,055,000			$	2.87	$	3.55
2Q22	6,156,500			$	2.29	$	2.74
3Q22	6,739,000			$	2.60	$	2.98
4Q22	7,765,076			$	2.69	$	3.20
2023 Contracts
1Q23	8,347,000			$	2.89	$	3.52
2Q23	4,125,000			$	2.49	$	2.92
3Q23	1,380,000			$	2.60	$	3.13

Natural Gas Basis Derivative Swaps (East Texas Houston Ship Channel vs. NYMEX Settlements)	Total Volumes (MMBtu)	Weighted-Average Price
2021 Contracts
4Q21	11,040,000	$	(0.013)
2022 Contracts
1Q22	8,100,000	$	0.093
2Q22	3,640,000	$	(0.051)
3Q22	3,680,000	$	(0.043)
4Q22	3,680,000	$	(0.048)

Oil Basis Swaps (Argus Cushing (WTI) and Magellan East Houston)	Total Volumes (Bbls)	Weighted-Average Price
2021 Contracts
4Q21	241,500	$	1.28
Calendar Monthly Roll Differential Swaps
2021 Contracts
4Q21	241,500	$	(0.33)
2022 Contracts
1Q22	261,000	$	0.19
2Q22	263,900	$	0.19
3Q22	266,800	$	0.19
4Q22	266,800	$	0.19

NGL Swaps (Mont Belvieu)	Total Volumes (Bbls)	Weighted-Average Price
2021 Contracts
4Q21	192,324	$	24.26
2022 Contracts
1Q22	135,000	$	25.75
2Q22	91,000	$	26.87
3Q22	92,000	$	26.87
4Q22	92,000	$	26.87