Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative [Line Items]

Summary of Outstanding Contracts with Respect to Natural Gas

At December 31, 2022 the Company had outstanding derivative contracts as set forth in the tables below.

Natural gas derivatives				Weighted Average Hedge Price ($/MMBtu)
Period and Type of Contract	Average Volumes Hedged			Basis Swaps			Swaps		Sold Put		Floor		Ceiling
January 2023 - December 2023
Basis Swaps - NGPL TXOK		75,000	MMBtus/day	$	(0.17	)
January 2023 - March 2023
Collars - Henry Hub		360,000	MMBtus/day								$	3.91	$	5.45
Three-way collars - Henry Hub		50,000	MMBtus/day						$	3.00	$	4.32	$	5.00
Swaps - Henry Hub		210,000	MMBtus/day				$	4.26
Swaps - WAHA		55,000	MMBtus/day				$	2.81
April 2023 - September 2023
Swaps - Henry Hub		405,000	MMBtus/day				$	3.28
Swaps - WAHA		55,000	MMBtus/day				$	2.81
October 2023 - December 2023
Collars - Henry Hub		200,000	MMBtus/day								$	3.12	$	4.09
Swaps - Henry Hub		210,000	MMBtus/day				$	3.51
Swaps - WAHA		55,000	MMBtus/day				$	2.81
January 2024 - December 2024
Collars - Henry Hub		50,000	MMBtus/day								$	3.12	$	4.09
Swaps - Henry Hub		325,000	MMBtus/day				$	3.31
Swaps - WAHA		25,000	MMBtus/day				$	3.43
January 2025 - December 2025
Swaps - Henry Hub		60,000	MMBtus/day				$	3.75
January 2026 - December 2026
Swaps - Henry Hub		50,000	MMBtus/day				$	4.42

Crude oil derivatives				Weighted Average Hedge Price ($/Bbl)
Period and Type of Contract	Average Volumes Hedged			Roll Swaps		Fixed Swaps
January 2023 - December 2023
Roll Swaps - NYMEX		12,000	Bbls/day	$	1.07
Fixed Swaps - WTI		8,000	Bbls/day			$	83.19

Realized and Unrealized Gains and Losses on Derivative Instruments

	Year ended December 31,
In thousands	2022			2021			2020
Cash received (paid) on derivatives:
Crude oil fixed price swaps	$	—		$	(44,463	)	$	(31,179	)
Crude oil collars		—			(9,365	)		—
Crude oil NYMEX roll swaps		(9,234	)		(163	)		—
Natural gas basis swaps		9,674			—			—
Natural gas WAHA swaps		(16,350	)		—			—
Natural gas fixed price swaps		(353,326	)		(84,141	)		1,071
Natural gas collars		(66,596	)		(11,546	)		1,958
Natural gas three-way collars		(22,287	)		—			—
Cash received (paid) on derivatives, net		(458,119	)		(149,678	)		(28,150	)
Non-cash gain (loss) on derivatives:
Crude oil collars		—			227			(227	)
Crude oil fixed price swaps		11,696			—			—
Crude oil NYMEX roll swaps		1,879			957			—
Natural gas basis swaps		9,088			(177	)		—
Natural gas WAHA swaps		19,386			—			—
Natural gas fixed price swaps		(219,388	)		25,565			2,043
Natural gas collars		(34,303	)		(7,690	)		11,676
Natural gas three-way collars		(1,334	)		1,932			—
Non-cash gain (loss) on derivatives, net		(212,976	)		20,814			13,492
Loss on derivative instruments, net	$	(671,095	)	$	(128,864	)	$	(14,658	)

Gross Amounts of Recognized Derivative Assets and Liabilities

The following table presents the gross amounts of recognized derivative assets and liabilities, the amounts offset under netting arrangements with counterparties, and the resulting net amounts presented in the consolidated balance sheets at December 31, 2022, all at fair value.

	December 31,
In thousands	2022			2021
Commodity derivative assets:
Gross amounts of recognized assets	$	50,559		$	42,903
Gross amounts offset on balance sheet		(7,731	)		(7,381	)
Net amounts of assets on balance sheet		42,828			35,522
Commodity derivative liabilities:
Gross amounts of recognized liabilities		(229,230	)		(8,598	)
Gross amounts offset on balance sheet		7,731			7,381
Net amounts of liabilities on balance sheet	$	(221,499	)	$	(1,217	)

Derivatives Not Designated as Hedging Instruments

The following table reconciles the net amounts disclosed above to the individual financial statement line items in the consolidated balance sheets.

	December 31,
In thousands	2022			2021
Derivative assets	$	39,280		$	22,334
Derivative assets, noncurrent		3,548			13,188
Net amounts of assets on balance sheet		42,828			35,522
Derivative liabilities		(88,136	)		(899	)
Derivative liabilities, noncurrent		(133,363	)		(318	)
Net amounts of liabilities on balance sheet		(221,499	)		(1,217	)
Total derivative assets (liabilities), net	$	(178,671	)	$	34,305