Price-Risk Management Price-Risk Management (Tables)

12 Months Ended

Dec. 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 December 31, 2023.

Oil Derivative Swaps (New York Mercantile Exchange (“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
2024 Contracts
1Q24	1,092,000	$	77.39
2Q24	1,118,550	$	77.18
3Q24	1,147,620	$	76.29
4Q24	1,130,100	$	75.96
2025 Contracts
1Q25	756,000	$	72.18
2Q25	764,400	$	72.05
3Q25	772,800	$	71.95
4Q25	680,800	$	71.60
2026 Contracts
1Q26	472,500	$	68.94
2Q26	455,000	$	68.98
3Q26	432,400	$	69.03
4Q26	386,150	$	69.09
Collar Contracts
2024 Contracts
1Q24	319,700					$	58.95	$	71.74
2Q24	215,000					$	61.08	$	73.57
3Q24	184,000					$	63.50	$	75.53
4Q24	184,000					$	63.00	$	75.35
2025 Contracts
1Q25	238,500					$	64.00	$	74.62
2Q25	227,500					$	60.80	$	72.22
2026 Contracts
1Q26	90,000					$	64.00	$	71.50
2Q26	91,000					$	64.00	$	71.50
3Q26	92,000					$	64.00	$	71.50
3-Way Collar Contracts
2024 Contracts
1Q24	8,247			$	45.00	$	57.50	$	67.85
2Q24	7,757			$	45.00	$	57.50	$	67.85

Oil Basis Swaps (Argus Cushing (WTI) and Magellan East Houston)	Total Volumes (MMBtu)	Weighted-Average Price
2024 Contracts
1Q24	364,000	$	1.47
2Q24	364,000	$	1.47
3Q24	368,000	$	1.47
4Q24	368,000	$	1.47
2025 Contracts
1Q25	360,000	$	1.75
2Q25	364,000	$	1.75
3Q25	368,000	$	1.75
4Q25	368,000	$	1.75
Calendar Monthly Roll Differential Swaps
2024 Contracts
1Q24	364,000	$	0.69
2Q24	364,000	$	0.69
3Q24	368,000	$	0.69
4Q24	368,000	$	0.69
2025 Contracts
1Q25	360,000	$	0.43
2Q25	364,000	$	0.43
3Q25	368,000	$	0.43
4Q25	368,000	$	0.43

Natural Gas Derivative Swaps (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
2024 Contracts
1Q24	9,506,000	$	4.03
2Q24	15,390,000	$	3.60
3Q24	16,100,000	$	3.71
4Q24	16,100,000	$	4.04
2025 Contracts
1Q25	13,950,000	$	4.25
2Q25	14,105,000	$	3.72
3Q25	16,560,000	$	3.86
4Q25	10,590,000	$	4.15
2026 Contracts
1Q26	10,580,000	$	4.49
2Q26	10,465,000	$	3.56
3Q26	10,580,000	$	3.74
4Q26	10,120,000	$	4.14
Collar Contracts
2024 Contracts
1Q24	9,661,000					$	3.94	$	5.83
2Q24	4,643,000					$	3.64	$	4.28
3Q24	3,878,000					$	3.77	$	4.76
4Q24	3,865,000					$	4.01	$	5.34
2025 Contracts
1Q25	5,130,000					$	4.00	$	5.32
2Q25	4,914,000					$	3.25	$	3.98
3Q25	920,000					$	3.50	$	3.99
4Q25	920,000					$	3.75	$	4.65
3-Way Collar Contracts
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
2024 Contracts
1Q24	16,380,000	$	(0.03)
2Q24	16,380,000	$	(0.29)
3Q24	16,560,000	$	(0.25)
4Q24	16,560,000	$	(0.28)
2025 Contracts
1Q25	7,200,000	$	(0.09)
2Q25	7,280,000	$	(0.26)
3Q25	7,360,000	$	(0.23)
4Q25	7,360,000	$	(0.26)

NGL Swaps (Mont Belvieu)	Total Volumes (Bbls)	Weighted-Average Price
2024 Contracts
1Q24	491,400	$	25.92
2Q24	491,400	$	25.92
3Q24	496,800	$	25.92
4Q24	496,800	$	25.92
2025 Contracts
1Q25	360,000	$	23.88
2Q25	364,000	$	23.88
3Q25	368,000	$	23.88
4Q25	368,000	$	23.88