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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2022
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.

On October 31, 2022, the Company closed a transaction to acquire Eagle Ford and Austin Chalk oil and gas assets in DeWitt and Gonzales counties. After consideration of closing adjustments, SilverBow paid $79.3 million for the assets. The acquisition is subject to further customary post-closing adjustments. As of September 30, 2022, the Company paid an $8.7 million deposit associated with this acquisition which is recorded in “Other long-term assets” in the accompanying condensed consolidated balance sheet. The company did not incur any significant third party transaction costs associated with this acquisition.
Through October 31, 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 September 30, 2022:
Natural Gas Derivative Contracts
(NYMEX Henry Hub Settlements)		Total Volumes
(MMBtu)		Weighted-Average Collar Floor PriceWeighted-Average Collar Call Price
Collar Contracts
2023 Contracts
1Q23900,000 $5.00 $7.55 
2Q23910,000 $4.00 $5.20 
3Q23920,000 $4.00 $5.52 
4Q23920,000 $4.50 $6.08 
2024 Contracts
1Q24910,000 $4.75 $6.25 
2Q24910,000 $3.75 $4.45 
3Q24920,000 $3.75 $4.70 
4Q24920,000 $4.00 $5.42 
Natural Gas Basis Derivative Swaps
(East Texas Houston Ship Channel vs. NYMEX Settlements)		Total Volumes
(MMBtu)		Weighted-Average Price
2023 Contracts
1Q233,600,000 $(0.03)
2Q233,640,000 $(0.24)
3Q233,680,000 $(0.21)
4Q233,680,000 $(0.28)
NGL Swaps (Mont Belvieu)Total Volumes
(Bbls)		Weighted-Average Price
2023 Contracts
1Q2345,000 $27.09 
2Q2345,500 $27.09 
3Q2346,000 $27.09 
4Q2346,000 $27.09 

There were no other material subsequent events requiring additional disclosure in these condensed consolidated financial statements.
Property and Equipment
The “Property and Equipment” balances on the accompanying condensed consolidated balance sheets are summarized for presentation purposes. The following is a detailed breakout of our “Property and Equipment” balances (in thousands):
September 30, 2022December 31, 2021
Property and Equipment  
Proved oil and gas properties$2,321,809 $1,588,978 
Unproved oil and gas properties17,478 17,090 
Furniture, fixtures and other equipment6,030 5,885 
Less – Accumulated depreciation, depletion, amortization & impairment(959,139)(869,985)
Property and Equipment, Net$1,386,178 $741,968 
Disaggregation of Revenue
The following table provides information regarding our oil and gas sales, by product, reported on the Condensed Consolidated Statements of Operations for the three months ended September 30, 2022 and 2021 and the nine months ended September 30, 2022 and 2021 (in thousands):
Three Months Ended September 30, 2022Three Months Ended September 30, 2021Nine Months Ended September 30, 2022Nine Months Ended September 30, 2021
Oil, natural gas and NGLs sales:
Oil$71,811 $25,230 $155,566 $58,587 
Natural gas150,958 62,530 351,626 172,234 
NGLs19,412 11,489 47,250 25,029 
Total$242,181 $99,249 $554,442 $255,850 
Accounts Payable and Accrued Liabilities The “Accounts payable and accrued liabilities” balances on the accompanying condensed consolidated balance sheets are summarized below (in thousands):
 September 30, 2022December 31, 2021
Trade accounts payable$21,154 $9,688 
Accrued operating expenses10,175 4,192 
Accrued compensation costs3,775 7,029 
Asset retirement obligations – current portion529 524 
Accrued non-income based taxes16,352 3,314 
Accrued corporate and legal fees560 1,972 
WTI contingency payouts - current portion2,948 — 
Payable for settled derivatives19,463 6,371 
Other payables5,151 1,944 
Total accounts payable and accrued liabilities$80,107 $35,034