Commodity Derivative Contracts (Tables)

3 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Commodity Derivative Contracts Not Classified as Hedging Instruments

The following table summarizes our commodity derivative contracts as of March 31, 2023, none of which are classified as hedging instruments in accordance with the FASC Derivatives and Hedging topic:


Months	Index Price	Volume (Barrels per day)	Contract Prices ($/Bbl)
			Weighted Average Price
			Swap		Floor		Ceiling
Oil Contracts:
2023 Fixed-Price Swaps
Apr – June	NYMEX	9,500	$	76.65	$	—	$	—
July – Dec	NYMEX	14,000	78.46		—		—
2023 Collars
Apr – June	NYMEX	17,500	$	—	$	69.71	$	100.42
July – Dec	NYMEX	9,000	—		68.33		100.69
2024 Fixed-Price Swaps
Jan – June	NYMEX	2,000	$	75.21	$	—	$	—
July – Dec	NYMEX	1,000	75.12		—		—

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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+ Details