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SUBSEQUENT EVENTS SUBSEQUENT EVENTS (Tables)
 12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
Schedule of derivative instruments
As of December 31, 2019, the Company had the following outstanding derivative contracts. When aggregating multiple contracts, the weighted average contract price is disclosed:
 
2020
 
2021
 
Volume (Bbls/MMBtu)
 
Fixed Price Swap (per Bbl/MMBtu)
 
Volume (Bbls/MMBtu)
 
Fixed Price Swap (per Bbl/MMBtu)
Oil Swaps - WTI Cushing
4,754,000
 
$
57.78

 
0
 
$
—

Oil Swaps - WTI Magellan East Houston
2,196,000
 
$
62.80

 
0
 
$
—

Oil Swaps - BRENT
4,569,000
 
$
61.84

 
0
 
$
—

Oil Basis Swaps - WTI Cushing
13,860,000
 
$
(1.20
)
 
0
 
$
—

Oil Rolling Hedge - WTI Cushing
6,700,000
 
$
0.44

 
0
 
$
—

Natural Gas Swaps - Henry Hub
10,050,000
 
$
2.55

 
0
 
$
—

Natural Gas Swaps - Waha Hub
16,750,000
 
$
1.67

 
0
 
$
—

Natural Gas Basis Swaps - Waha Hub
23,450,000
 
$
(1.19
)
 
54,750,000
 
$
(0.70
)

 
2020
Oil Three-Way Collars
WTI Cushing
 
Brent
 
WTI Magellan East Houston
Volume (Bbls)
6,842,200
 
11,803,500
 
5,124,000
Short put price (per Bbl)
$
44.20

 
$
50.00

 
$
50.00

Floor price (per Bbl)
$
54.20

 
$
60.00

 
$
60.00

Ceiling price (per Bbl)
$
65.42

 
$
70.86

 
$
68.61


Gas Swap Double-Up - Waha Hub
2020
Volume (Mcf)
10,050,000
Swap price (per Mcf)
$
1.70

Option price
$
1.70


The following tables present the derivative contracts entered into by the Company subsequent to December 31, 2019. When aggregating multiple contracts, the weighted average contract price is disclosed.

 
2020
 
Volume (Bbls/MMBtu)
 
Fixed Price Swap (per Bbl/MMBtu)
Oil Swaps - WTI Cushing
732,000
 
$
60.50

Oil Swaps - BRENT
732,000
 
$
65.00

Natural Gas Swaps - Waha Hub
1,840,000
 
$
0.75

Natural Gas Basis Swaps - Waha Hub
13,750,000
 
$
(1.85
)
Diesel Price Swaps
11,000,000
 
$
1.60

 
2020
Oil Three-Way Collars
Brent
Volume (Bbls)
732,000

Short put price (per Bbl)
$
50.00

Floor price (per Bbl)
$
60.00

Ceiling price (per Bbl)
$
69.25


 
2020
Oil Put Spreads - WTI
 
Volume (Bbls)
829,125
Short put price (per Bbl)
$
50.50

Floor price (per Bbl)
$
60.50

Oil Put Spreads - Brent
 
Volume (Bbls)
1,758,750
Short put price (per Bbl)
$
52.38

Floor price (per Bbl)
$
65.00