XML 51 R40.htm IDEA: XBRL DOCUMENT v3.19.2
Subsequent Events (Tables)
 6 Months Ended
Jun. 30, 2019
Subsequent Event [Line Items]  
Schedule of derivative instruments
As of June 30, 2019, the Company had the following outstanding derivative contracts. When aggregating multiple contracts, the weighted average contract price is disclosed.
 
2019
 
2020
 
Volume (Bbls/MMBtu)
 
Fixed Price Swap (per Bbl/MMBtu)
 
Volume (Bbls/MMBtu)
 
Fixed Price Swap (per Bbl/MMBtu)
Oil Swaps - WTI Cushing
5,512,000

 
$
61.15

 
2,555,000

 
$
59.37

Oil Swaps - WTI Magellan East Houston
1,472,000

 
$
65.88

 
2,190,000

 
$
62.80

Oil Swaps - BRENT
1,288,000

 
$
67.79

 
730,000

 
$
66.00

Oil Basis Swaps - WTI Cushing
8,280,000

 
$
(5.52
)
 
15,120,000

 
$
(1.21
)
Natural Gas Swaps - Henry Hub
12,880,000

 
$
3.06

 
—

 
$
—

Natural Gas Basis Swaps - Waha Hub
12,880,000

 
$
(1.56
)
 
18,250,000

 
$
(1.67
)
Natural Gas Liquid Swaps - Mont Belvieu
1,380,000

 
$
27.30

 
—

 
$
—


 
2019
 
2020
Oil Three-Way Collars
WTI Cushing
 
Brent
 
WTI Magellan East Houston
 
WTI Cushing
Brent
 
WTI Magellan East Houston
Volume (Bbls)
2,880,000
 
1,288,000
 
920,000
 
3,650,000
6,588,000
 
5,110,000
Short put price (per Bbl)
$
35.94

 
$
52.14

 
$
50.00

 
$
45.00

$
50.56

 
$
50.00

Floor price (per Bbl)
$
45.94

 
$
62.14

 
$
60.00

 
$
55.00

$
60.56

 
$
60.00

Ceiling price (per Bbl)
$
61.65

 
$
78.70

 
$
66.10

 
$
67.06

$
74.08

 
$
68.81

Put Spreads
 
 
 
 
 
 
 
 
 
 
Volume (Bbls)
 
 
 
 
 
 
1,715,500
1,222,750
 
 
Put - Sell price (per Bbl)
 
 
 
 
 
 
$
45.00

$
50.00

 
 
Put - Buy price (per Bbl)
 
 
 
 
 
 
$
55.00

$
60.00

 
 


The following tables present the derivative contracts entered into by the Company subsequent to June 30, 2019. When aggregating multiple contracts, the weighted average contract price is disclosed.
 
Volume (Bbls/MMBtu)
 
Fixed Price Swap (per Bbl/MMBtu)
January 2020 - December 2020
 
 
 
Oil Swaps - WTI
366,000
 
$
57.15

Oil Swaps - BRENT
732,000
 
$
63.00


Gas Swap Double-Up - Waha Hub
January 2020 - December 2020
Volume (Mcf)
10,980,000

Swap price (per Mcf)
$
1.70

Option price
$
1.70

 
January 2020 - December 2020
Oil Three-Way Collars
WTI
Volume (Bbls)
366,000

Short put price (per Bbl)
$
45.00

Floor price (per Bbl)
$
55.00

Ceiling price (per Bbl)
$
62.35