Commodity Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Investments, All Other Investments [Abstract]

The following table summarizes the net realized and unrealized losses reported in earnings related to the commodity derivative instruments for the three- and six-months ended June 30, 2022 and 2021

The following table summarizes the net realized and unrealized losses reported in earnings related to the commodity derivative instruments for the three- and six-months ended June 30, 2022 and 2021:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Loss on Derivatives:
Oil derivatives	$	(23,893	)	$	(182,034	)	$	(136,214	)	$	(539,949	)

The following represents the Company’s net cash payments on derivatives for the three- and six-months ended June 30, 2022 and 2021

The following represents the Company’s net cash payments on derivatives for the three- and six-months ended June 30, 2022 and 2021:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Oil derivatives	$	(77,631	)	$	(230,279	)	$	(160,891	)	$	(358,224	)

The following table sets forth the Company’s outstanding derivative contracts at June 30, 2022

The following table sets forth the Company’s outstanding derivative contracts at June 30, 2022:

			3rd Quarter	4th Quarter
2022
WTI Index Put Options:
Quarterly volume (MBbls)			26.32	25.72
Floor price (Bbl)			$48.74	$51.74
	1st Quarter	2nd  Quarter	3rd Quarter	4th Quarter
2023
WTI Index Put Options:
Quarterly volume (MBbls)	35.40	15.34	10.86	6.00
Floor price (Bbl)	$56.36	$55.00	$55.00	$60.00