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Summary of Signigicant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Subsequent Events
Subsequent Events. We have evaluated subsequent events requiring potential accrual or disclosure in our condensed consolidated financial statements.

Through February 25, 2022, the Company entered into additional derivative contracts. The following tables summarize the weighted-average prices as well as future production volumes for our future derivative contracts entered into after December 31, 2021:
Oil Derivative Swaps
(New York Mercantile Exchange (“NYMEX”) WTI Settlements)		Total Volumes (Bbls)Weighted Average Price
Swap Contracts
2022 Contracts
4Q2223,000 $80.82 
2023 Contracts
1Q2345,000 $78.60 
2Q2345,500 $76.90 
3Q2346,000 $75.45 
4Q2394,300 $73.52 
Natural Gas Derivative Contracts
(NYMEX Henry Hub Settlements)		Total Volumes
(MMBtu)		Weighted Average PriceWeighted-Average Collar Floor Price Weighted-Average Collar Call Price
Swap Contracts
2Q22600,000 $4.50 
3Q22310,000 $4.57 
Collar Contracts
2022 Contracts
1Q22310,000 $5.00 $7.40 
3Q22920,000 $4.40 $5.02 
4Q22920,000 $4.40 $5.43 
2023 Contracts
1Q23900,000 $4.40 $5.84 
4Q234,462,000 $3.25 $3.92 
2024 Contracts
1Q24910,000 $3.25 $5.19 
NGL Swaps (Mont Belvieu)Total Volumes
(Bbls)		Weighted-Average Price
2022 Contracts
1Q2215,500 $35.40 
2Q2245,500 $35.40 
3Q2246,000 $35.40 
4Q2246,000 $35.40 
Oil Basis Derivative Swaps
(Argus Cushing (WTI) and Magellan East Houston)		Total Volumes (Bbls)Weighted Average Price
Calendar Monthly Roll Differential Swaps
2022 Contracts
2Q2245,500 $2.63 
Property and Equipment The following is a detailed breakout of our “Property and Equipment” balances (in thousands):
December 31,
2021		December 31,
2020
Property and Equipment  
Proved oil and gas properties$1,588,978 $1,310,008 
Unproved oil and gas properties17,090 28,090 
Furniture, fixtures, and other equipment5,885 5,275 
Less – Accumulated depreciation, depletion, amortization & impairment(869,985)(801,279)
Property and Equipment, Net$741,968 $542,094 
Disaggregation of Revenue
The following table provides information regarding our oil and gas sales, by product, reported on the Consolidated Statements of Operations for years ended December 31, 2021 and 2020 (in thousands):
Year Ended December 31, 2021Year Ended December 31, 2020
Oil, natural gas and NGLs sales:
Oil$98,607 $57,651 
Natural gas267,687 105,234 
NGLs40,906 14,500 
Total$407,200 $177,386 
Accounts Payable and Accrued Liabilities
Accounts Payable and Accrued Liabilities. The “Accounts payable and accrued liabilities” balances on the accompanying consolidated balance sheets are summarized below (in thousands):
 December 31,
2021		December 31,
2020
Trade accounts payable$9,688 $15,930 
Accrued operating expenses4,192 2,491 
Accrued compensation costs7,029 3,771 
Asset retirement obligations – current portion524 441 
Accrued non-income based taxes3,314 1,819 
Accrued corporate and legal fees1,972 150 
Other payables(1)
8,315 2,389 
Total accounts payable and accrued liabilities$35,034 $26,991 
(1) Included in Other Payables is $6.4 million and $0.8 million in payables for settled derivatives for the years ended December 31, 2021 and 2020, respectively.
Oil and Gas receipts greater than 10%
For the years ended December 31, 2021 and 2020, parties that accounted for 10% or more of our total oil and gas receipts were as follows:
Purchasers greater than 10%Year Ended December 31, 2021Year Ended December 31, 2020
Kinder Morgan26 %19 %
Plains Marketing10 %17 %
Twin Eagle15 %17 %
Trafigura US16 %13 %
Shell Trading12 %*