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Derivatives (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of gain (loss) on derivatives
The following table summarizes components of the Company's loss on derivatives, net by type of derivative instrument for the periods presented:
Three months ended June 30,Six months ended June 30,
(in thousands)2022202120222021
Commodity$(66,347)$(216,869)$(396,071)$(370,902)
Interest rate(30)14 (26)
Contingent consideration419 (43)4,314 (379)
Loss on derivatives, net$(65,927)$(216,942)$(391,743)$(371,307)
Schedule of open positions and derivatives in place
The following table summarizes open commodity derivative positions as of June 30, 2022, for commodity derivatives that were entered into through June 30, 2022, for the settlement periods presented:
 Remaining Year 2022Year 2023
Oil: 
WTI NYMEX - Swaps:
Volume (Bbl)184,000 — 
Weighted-average price ($/Bbl)$64.40 $— 
WTI NYMEX - Collars:
Volume (Bbl)2,815,200 4,362,000 
Weighted-average floor price ($/Bbl)$72.65 $67.93 
Weighted-average ceiling price ($/Bbl)$86.54 $82.89 
Brent ICE - Swaps:
Volume (Bbl)2,079,200 — 
Weighted-average price ($/Bbl)$48.34 $— 
Brent ICE - Collars: 
Volume (Bbl)782,000 — 
Weighted-average floor price ($/Bbl)$56.65 $— 
Weighted-average ceiling price ($/Bbl)$65.44 $— 
NGL:
Purity Ethane - Swaps:
Volume (Bbl)772,800 — 
Weighted-average price ($/Bbl)$11.42 $— 
Non-TET Propane - Swaps:
Volume (Bbl)588,800 — 
Weighted-average price ($/Bbl)$35.91 $— 
Non-TET Normal Butane - Swaps:
Volume (Bbl)184,000 — 
Weighted-average price ($/Bbl)$41.58 $— 
Non-TET Isobutane - Swaps:
Volume (Bbl)55,200 — 
Weighted-average price ($/Bbl)$42.00 $— 
Non-TET Natural Gasoline - Swaps:
Volume (Bbl)184,000 — 
Weighted-average price ($/Bbl)$60.65 $— 
Natural gas:
Henry Hub NYMEX - Swaps: 
Volume (MMBtu)1,840,000 — 
Weighted-average price ($/MMBtu)$2.73 $— 
Henry Hub NYMEX - Collars: 
Volume (MMBtu)14,720,000 18,250,000 
Weighted-average floor price ($/MMBtu)$3.09 $3.90 
Weighted-average ceiling price ($/MMBtu)$3.84 $8.31 
Waha Inside FERC to Henry Hub NYMEX - Basis Swaps: 
Volume (MMBtu)14,628,000 18,250,000 
Weighted-average differential ($/MMBtu)$(0.36)$(1.58)