Price-Risk Management Price-Risk Management (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024:

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
2024 Contracts
2Q24	1,209,550	$	77.40
3Q24	1,239,620	$	76.42
4Q24	1,222,100	$	75.97
2025 Contracts
1Q25	846,000	$	72.32
2Q25	855,400	$	72.20
3Q25	864,800	$	72.11
4Q25	772,800	$	71.82
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
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
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
2Q24	486,000	$	1.49
3Q24	552,000	$	1.49
4Q24	552,000	$	1.49
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
2Q24	486,000	$	0.71
3Q24	552,000	$	0.72
4Q24	552,000	$	0.72
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 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
2024 Contracts
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
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
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
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
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