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Subsequent Events (Tables)
 12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The following table summarizes the open financial derivative positions as of December 31, 2022, related to oil and natural gas production:
Weighted Average Price
Calendar Quarter / YearNotional VolumeFixedPutCall
($ per unit)
Oil Swaps (Bbl)
Q1 2023225,000 $53.65 $— $— 
Q2 2023195,000 $53.89 $— $— 
Q3 2023126,000 $53.79 $— $— 
Q4 2023114,000 $54.59 $— $— 
Oil Collars (Bbl)
Q1 202330,000 $— $60.00 $109.60 
Q2 202330,000 $— $60.00 $109.60 
Q3 2023— $— $— $— 
Q4 2023— $— $— $— 
20243,000 $— $50.00 $88.00 
The
following table summarizes the Company's open derivative positions as of March 3, 2023, related to oil and natural gas production:
Weighted Average Price
Period(1)
Notional VolumeFixedPutCall
($ per unit)
Oil Swaps (Bbl)
Q1 2023225,000 $53.65 $— $— 
Q2 2023315,000 $62.78 $— $— 
Q3 2023216,000 $63.04 $— $— 
Q4 2023189,000 $62.51 $— $— 
2024240,000 $71.60 $— $— 
Oil Collars (Bbl)
Q1 2023210,000 $— $70.95 $89.96 
Q2 2023300,000 $— $71.50 $88.98 
Q3 2023330,000 $— $68.64 $88.85 
Q4 2023330,000 $— $68.64 $88.85 
20241,293,000 $— $61.02 $86.39 
2025315,000 $— $60.00 $77.98 
Natural Gas Swaps (MMBtu)
Q1 2023— $— $— $— 
Q2 2023450,000 $2.60 $— $— 
Q3 2023450,000 $2.60 $— $— 
Q4 2023400,000 $3.23 $— $— 
20241,500,000 $3.43 $— $— 
2025375,000 $4.05 $— $— 
Natural Gas Collars (MMBtu)
Q1 2023— $— $— $— 
Q2 2023300,000 $— $2.55 $3.20 
Q3 2023300,000 $— $2.55 $3.20 
Q4 2023300,000 $— $3.12 $4.07 
20241,065,000 $— $3.19 $4.14 
2025255,000 $— $3.65 $4.95 
Oil Basis (Bbl)
Q1 2023240,000 $1.28 $— $— 
Q2 2023360,000 $1.28 $— $— 
Q3 2023360,000 $1.28 $— $— 
Q4 2023360,000 $1.28 $— $— 
2024960,000 $0.87 $— $— 
___________________
(1)Q1 2023 derivative positions shown include January and February 2023 contracts, some of which have settled as of March 3, 2023.