Price-Risk Management Price-Risk Management (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2023:

Oil Derivative Contracts (NYMEX WTI Settlements)	Total Volumes (Bbls)	Weighted-Average Price		Weighted-Average Collar Sub Floor Price		Weighted-Average Collar Floor Price		Weighted-Average Collar Call Price
Swap Contracts
2023 Contracts
2Q23	494,575	$	80.75
3Q23	533,980	$	77.36
4Q23	569,300	$	78.26
2024 Contracts
1Q24	227,500	$	80.78
2Q24	254,050	$	80.24
3Q24	272,700	$	76.91
4Q24	256,100	$	75.98
Collar Contracts
2023 Contracts
2Q23	167,949					$	53.91	$	64.89
3Q23	72,847					$	59.27	$	66.26
4Q23	72,242					$	58.54	$	65.13
2024 Contracts
1Q24	137,700					$	51.61	$	65.86
2Q24	33,000					$	45.00	$	60.72
2025 Contracts
1Q25	45,000					$	62.00	$	69.40
3-Way Collar Contracts
2023 Contracts
2Q23	13,260			$	44.19	$	55.04	$	64.53
3Q23	9,570			$	43.08	$	53.41	$	63.33
4Q23	8,970			$	43.08	$	53.38	$	63.35
2024 Contracts
1Q24	8,247			$	45.00	$	57.50	$	67.85
2Q24	7,757			$	45.00	$	57.50	$	67.85

Natural Gas Derivative Contracts (NYMEX Henry Hub Settlements)	Total Volumes (MMBtu)	Weighted-Average Price		Weighted-Average Collar Sub Floor Price		Weighted-Average Collar Floor Price		Weighted-Average Collar Call Price
Swap Contracts
2023 Contracts
2Q23	3,816,000	$	4.55
3Q23	4,816,000	$	4.57
4Q23	3,887,000	$	4.71
2024 Contracts
1Q24	2,711,000	$	5.15
2Q24	7,800,000	$	3.95
3Q24	7,820,000	$	4.03
4Q24	7,820,000	$	4.35
2025 Contracts
1Q25	900,000	$	5.01
2Q25	910,000	$	4.12
3Q25	920,000	$	4.27
4Q25	920,000	$	4.70
Collar Contracts
2023 Contracts
2Q23	12,141,250					$	3.28	$	4.05
3Q23	11,896,400					$	3.43	$	4.23
4Q23	12,445,000					$	3.87	$	4.80
2024 Contracts
1Q24	7,841,000					$	4.10	$	6.19
2Q24	2,823,000					$	4.05	$	4.91
3Q24	2,958,000					$	4.00	$	5.10
4Q24	2,945,000					$	4.24	$	5.63
2025 Contracts
1Q25	1,800,000					$	4.00	$	5.41
3-Way Collar Contracts
2023 Contracts
2Q23	310,400			$	2.04	$	2.54	$	3.01
3Q23	233,100			$	2.00	$	2.50	$	2.95
4Q23	219,200			$	2.00	$	2.50	$	2.94
2024 Contracts
1Q24	198,000			$	2.00	$	2.50	$	3.37
2Q24	188,000			$	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
2023 Contracts
2Q23	14,560,000	$	(0.24)
3Q23	14,720,000	$	(0.21)
4Q23	13,800,000	$	(0.23)
2024 Contracts
1Q24	9,100,000	$	(0.01)
2Q24	9,100,000	$	(0.32)
3Q24	9,200,000	$	(0.28)
4Q24	9,200,000	$	(0.31)
Houston Ship Channel Fixed Price Contracts
2023 Contracts
2Q23	60,000	$	2.64

NGL Swaps (Mont Belvieu)	Total Volumes (Bbls)	Weighted-Average Price
2023 Contracts
2Q23	341,250	$	33.12
3Q23	345,000	$	32.87
4Q23	345,000	$	32.87
2024 Contracts
1Q24	127,400	$	29.39
2Q24	127,400	$	29.39
3Q24	128,800	$	29.39
4Q24	128,800	$	29.39