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Price-Risk Management Price-Risk Management (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022:
Oil Derivative Contracts
(NYMEX WTI Settlements)
Total Volumes
(Bbls)
Weighted-Average PriceWeighted-Average Collar Sub Floor PriceWeighted-Average Collar Floor Price Weighted-Average Collar Call Price
Swap Contracts
2022 Contracts
3Q22528,696 $66.32 
4Q22559,876 $74.00 
2023 Contracts
1Q23442,175 $79.40 
2Q23403,575 $78.93 
3Q23441,980 $75.47 
4Q23477,300 $77.07 
2024 Contracts
1Q24182,000 $81.35 
2Q24113,750 $81.80 
3Q24115,000 $79.96 
4Q24115,000 $78.36 
Collar Contracts
2022 Contracts
3Q22160,727 $68.29 $87.73 
4Q22155,304 $64.83 $80.08 
2023 Contracts
1Q23171,707 $47.37 $66.00 
2Q23167,949 $53.91 $64.89 
3Q2372,847 $59.27 $66.26 
4Q2372,242 $58.54 $65.13 
2024 Contracts
1Q24137,700 $51.61 $65.86 
2Q2433,000 $45.00 $60.72 
3-Way Collar Contracts
2022 Contracts
3Q2215,139 $42.48 $53.27 $62.49 
4Q2213,280 $42.21 $52.94 $62.14 
2023 Contracts
1Q2314,470 $44.24 $55.14 $64.55 
2Q2313,260 $44.19 $55.04 $64.53 
3Q239,570 $43.08 $53.41 $63.33 
4Q238,970 $43.08 $53.38 $63.35 
2024 Contracts
1Q248,247 $45.00 $57.50 $67.85 
2Q247,757 $45.00 $57.50 $67.85 
Natural Gas Derivative Contracts
(NYMEX Henry Hub Settlements)
Total Volumes
(MMBtu)
Weighted-Average PriceWeighted-Average Collar Sub Floor PriceWeighted-Average Collar Floor Price Weighted-Average Collar Call Price
Swap Contracts
2022 Contracts
3Q226,066,226 $3.72 
4Q224,267,284 $3.99 
2023 Contracts
1Q23981,000 $6.74 
2Q231,996,000 $4.48 
3Q232,976,000 $4.51 
4Q233,887,000 $4.71 
2024 Contracts
1Q24746,000 $4.34 
2Q245,070,000 $3.86 
3Q245,060,000 $3.94 
4Q245,060,000 $4.21 
Collar Contracts
2022 Contracts
3Q228,315,300 $2.86 $3.29 
4Q229,132,376 $2.90 $3.47 
2023 Contracts
1Q2311,267,900 $3.43 $4.98 
2Q2310,321,250 $3.07 $3.73 
3Q2310,056,400 $3.24 $3.89 
4Q238,765,000 $3.47 $4.35 
2024 Contracts
1Q245,111,000 $3.67 $5.54 
2Q2493,000 $3.15 $3.65 
3Q24198,000 $2.90 $3.33 
4Q24185,000 $2.90 $3.33 
3-Way Collar Contracts
2023 Contracts
1Q23347,800 $2.06 $2.56 $3.03 
2Q23310,400 $2.04 $2.54 $3.01 
3Q23233,100 $2.00 $2.50 $2.95 
4Q23219,200 $2.00 $2.50 $2.94 
2024 Contracts
1Q24198,000 $2.00 $2.50 $3.37 
2Q24188,000 $2.00 $2.50 $3.37 
Natural Gas Basis Derivative Swaps
(East Texas Houston Ship Channel vs. NYMEX Settlements)
Total Volumes
(MMBtu)
Weighted-Average Price
2022 Contracts
3Q225,520,000 $(0.04)
4Q225,520,000 $(0.06)
2023 Contracts
1Q233,600,000 $0.22 
2Q233,640,000 $(0.19)
3Q233,680,000 $(0.17)
4Q233,680,000 $(0.14)
2024 Contracts
1Q243,640,000 $0.11 
2Q243,640,000 $(0.28)
3Q243,680,000 $(0.23)
4Q243,680,000 $(0.19)
Houston Ship Channel Fixed Price Contracts
2022 Contracts
3Q22141,000 $2.77 
4Q22132,000 $2.74 
2023 Contracts
1Q23180,000 $2.64 
2Q2360,000 $2.64 
Oil Basis Swaps
(Argus Cushing (WTI) and Magellan East Houston)
Total Volumes (Bbls)Weighted-Average Price
Calendar Monthly Roll Differential Swaps
2022 Contracts
3Q22358,800 $1.00 
4Q22266,800 $0.19 
NGL Swaps (Mont Belvieu)Total Volumes
(Bbls)
Weighted-Average Price
2022 Contracts
3Q22283,500 $34.06 
4Q22299,000 $34.49 
2023 Contracts
1Q23202,500 $34.63 
2Q23204,750 $34.63 
3Q23207,000 $34.22 
4Q23207,000 $34.22 
2024 Contracts
1Q24127,400 $29.39 
2Q24127,400 $29.39 
3Q24128,800 $29.39 
4Q24128,800 $29.39