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Subsequent Events
6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events

NOTE 12: Subsequent Events

Subsequent to June 30, 2023, the Company entered into new derivative contracts as summarized in the table below:

 

 

Production volume

 

 

 

 

 

Contract period

 

covered per month

 

Index

 

Contract price

 

Natural gas costless collars

 

 

 

 

 

 

 

December 2023 - September 2024

 

30,000 Mmbtu

 

NYMEX Henry Hub

 

$3.00floor/$3.60ceiling

 

October 2024 - June 2025

 

30,000 Mmbtu

 

NYMEX Henry Hub

 

$3.00floor/$5.00ceiling

 

Oil fixed price swaps

 

 

 

 

 

 

 

December 2023 - March 2024

 

750 Bbls

 

NYMEX WTI

 

$

71.75

 

April - June 2024

 

1,300 Bbls

 

NYMEX WTI

 

$

70.59

 

April - June 2025

 

1,000 Bbls

 

NYMEX WTI

 

$

68.00