Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Commodity Derivative Positions

The following table sets forth our commodity derivative contracts as of December 31, 2019:

	1Q2020		2Q2020		3Q2020		4Q2020		1Q2021		2Q2021		3Q2021		4Q2021
NYMEX WTI Crude Swaps
Average Volume Per Day (barrels)	15,648		12,648		10,630		10,630		3,333		3,297		1,630		1,630
Weighted Average Swap Price ($/barrel)	$	55.34	$	54.96	$	54.77	$	54.77	$	55.89	$	55.89	$	55.50	$	55.50
NYMEX WTI Purchased Puts/Sold Calls
Average Volume Per Day (barrels)			3,297		4,891				1,667		1,648
Weighted Average Purchased Put Price ($/barrel)			$	55.00	$	55.00			$	55.00	$	55.00
Weighted Average Sold Call ($/barrel)			$	57.69	$	58.42			$	58.00	$	58.00
NYMEX WTI Sold Puts
Average Volume Per Day (barrels)									5,000		4,945		1,630		1,630
Weighted Average Sold Put Price ($/barrel)									$	44.00	$	44.00	$	44.00	$	44.00
MEH Crude Swaps
Average Volume Per Day (barrels)	2,000		2,000		2,000		2,000
Weighted Average Swap Price ($/barrel)	$	61.03	$	61.03	$	61.03	$	61.03

Impact of Derivative Activities on Condensed Consolidated Statements of Income

The impact of our derivatives activities on income is included in the “Derivatives” caption on our Consolidated Statements of Operations. The effects of derivative gains and (losses) and cash settlements are reported as adjustments to reconcile net income (loss) to net cash provided by operating activities. These items are recorded in the “Derivative contracts” section of our Consolidated Statements of Cash Flows under the “Net (gains) losses” and “Cash settlements, net.”

The following table summarizes the effects of our derivative activities for the periods presented:

	Year Ended December 31,
	2019			2018			2017
Derivative gains (losses) recognized in the Consolidated Statements of Operations	$	(68,131	)	$	37,427		$	(17,819	)
Cash settlements recognized in the Consolidated Statements of Cash Flows	$	(4,136	)	$	(48,291	)	$	(3,511	)

Fair Value of Derivative Instruments on Condensed Consolidated Balance Sheets

The following table summarizes the fair value of our derivative instruments, as well as the locations of these instruments, on our Consolidated Balance Sheets as of the dates presented:

		Fair Values
		December 31, 2019				December 31, 2018
		Derivative		Derivative		Derivative		Derivative
Type	Balance Sheet Location	Assets		Liabilities		Assets		Liabilities
Commodity contracts	Derivative assets/liabilities – current	$	4,131	$	23,450	$	34,932	$	991
Commodity contracts	Derivative assets/liabilities – noncurrent	2,750		3,385		10,100		—
		$	6,881	$	26,835	$	45,032	$	991