Price-Risk Management Price-Risk Management (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments [Table Text Block]

The following tables summarize the weighted-average prices as well as future production volumes for our future derivative contracts in place as of September 30, 2023:

Oil Derivative Contracts (NYMEX WTI Settlements)	Total Volumes (Bbls)	Weighted-Average Price		Weighted-Average Collar Sub Floor Price		Weighted-Average Collar Floor Price		Weighted-Average Collar Call Price
Swap Contracts
2023 Contracts
4Q23	707,300	$	78.53
2024 Contracts
1Q24	728,000	$	77.67
2Q24	754,550	$	77.59
3Q24	779,620	$	76.48
4Q24	762,100	$	76.16
2025 Contracts
1Q25	666,000	$	71.60
2Q25	673,400	$	71.60
3Q25	680,800	$	71.60
4Q25	588,800	$	71.29
2026 Contracts
1Q26	315,000	$	69.40
2Q26	318,500	$	69.40
3Q26	322,000	$	69.40
4Q26	230,000	$	69.42
Collar Contracts
2023 Contracts
4Q23	302,242					$	65.89	$	74.54
2024 Contracts
1Q24	319,700					$	58.95	$	71.74
2Q24	215,000					$	61.08	$	73.57
3Q24	184,000					$	63.50	$	75.53
4Q24	184,000					$	63.00	$	75.35
2025 Contracts
1Q25	238,500					$	64.00	$	74.62
2Q25	227,500					$	60.80	$	72.22
2026 Contracts
1Q26	90,000					$	64.00	$	71.50
2Q26	91,000					$	64.00	$	71.50
3Q26	92,000					$	64.00	$	71.50
3-Way Collar Contracts
2023 Contracts
4Q23	8,970			$	43.08	$	53.38	$	63.35
2024 Contracts
1Q24	8,247			$	45.00	$	57.50	$	67.85
2Q24	7,757			$	45.00	$	57.50	$	67.85

Oil Basis Swaps (Argus Cushing (WTI) and Magellan East Houston)	Total Volumes (MMBtu)	Weighted-Average Price
2023 Contracts
4Q23	122,000	$	0.80
2024 Contracts
1Q24	364,000	$	1.47
2Q24	364,000	$	1.47
3Q24	368,000	$	1.47
4Q24	368,000	$	1.47
2025 Contracts
1Q25	270,000	$	1.75
2Q25	273,000	$	1.75
3Q25	276,000	$	1.75
4Q25	276,000	$	1.75
Calendar Monthly Roll Differential Swaps
2023 Contracts
4Q23	122,000	$	2.44
2024 Contracts
1Q24	364,000	$	0.69
2Q24	364,000	$	0.69
3Q24	368,000	$	0.69
4Q24	368,000	$	0.69
2025 Contracts
1Q25	270,000	$	0.40
2Q25	273,000	$	0.40
3Q25	276,000	$	0.40
4Q25	276,000	$	0.40

Natural Gas Derivative Contracts (NYMEX Henry Hub Settlements)	Total Volumes (MMBtu)	Weighted-Average Price		Weighted-Average Collar Sub Floor Price		Weighted-Average Collar Floor Price		Weighted-Average Collar Call Price
Swap Contracts
2023 Contracts
4Q23	5,727,000	$	4.20
2024 Contracts
1Q24	7,686,000	$	4.12
2Q24	12,350,000	$	3.67
3Q24	12,420,000	$	3.78
4Q24	12,420,000	$	4.12
2025 Contracts
1Q25	9,450,000	$	4.25
2Q25	9,555,000	$	3.71
3Q25	11,960,000	$	3.83
4Q25	8,740,000	$	4.17
2026 Contracts
1Q26	9,680,000	$	4.48
2Q26	9,555,000	$	3.56
3Q26	9,660,000	$	3.74
4Q26	9,200,000	$	4.13
Collar Contracts
2023 Contracts
4Q23	12,445,000					$	3.87	$	4.80
2024 Contracts
1Q24	9,661,000					$	3.94	$	5.83
2Q24	4,643,000					$	3.64	$	4.28
3Q24	3,878,000					$	3.77	$	4.76
4Q24	3,865,000					$	4.01	$	5.34
2025 Contracts
1Q25	5,130,000					$	4.00	$	5.32
2Q25	4,914,000					$	3.25	$	3.98
3Q25	920,000					$	3.50	$	3.99
4Q25	920,000					$	3.75	$	4.65
3-Way Collar Contracts
2023 Contracts
4Q23	219,200			$	2.00	$	2.50	$	2.94
2024 Contracts
1Q24	198,000			$	2.00	$	2.50	$	3.37
2Q24	188,000			$	2.00	$	2.50	$	3.37

Natural Gas Basis Derivative Swaps (East Texas Houston Ship Channel vs. NYMEX Settlements)	Total Volumes (MMBtu)	Weighted-Average Price
2023 Contracts
4Q23	13,800,000	$	(0.23)
2024 Contracts
1Q24	15,470,000	$	(0.02)
2Q24	15,470,000	$	(0.29)
3Q24	15,640,000	$	(0.26)
4Q24	15,640,000	$	(0.28)
2025 Contracts
1Q25	5,400,000	$	(0.09)
2Q25	5,460,000	$	(0.26)
3Q25	5,520,000	$	(0.23)
4Q25	5,520,000	$	(0.25)

NGL Swaps (Mont Belvieu)	Total Volumes (Bbls)	Weighted-Average Price
2023 Contracts
4Q23	345,000	$	32.87
2024 Contracts
1Q24	400,400	$	26.30
2Q24	400,400	$	26.30
3Q24	404,800	$	26.30
4Q24	404,800	$	26.30
2025 Contracts
1Q25	270,000	$	24.17
2Q25	273,000	$	24.17
3Q25	276,000	$	24.17
4Q25	276,000	$	24.17