| Schedule of Outstanding Oil and Natural Gas Derivative Contracts |
Listed in the tables below are the outstanding oil and natural gas derivative contracts as of June 30, 2023:
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For the Remainder |
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For the Full Year |
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| Oil Contracts (WTI) |
2023 |
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2024 |
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| Swap Contracts |
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| Total volume (Bbls) |
460,000 |
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— |
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| Weighted average price per Bbl |
$82.10 |
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$— |
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| Collar Contracts |
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| Total volume (Bbls) |
920,000 |
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— |
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| Weighted average price per Bbl |
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| Ceiling (short call) |
$90.00 |
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$— |
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| Floor (long put) |
$70.00 |
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$— |
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| Put Contracts |
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| Total volume (Bbls) |
736,000 |
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— |
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| Weighted average price per Bbl |
$70.00 |
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$— |
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For the Remainder |
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For the Full Year |
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| Natural Gas Contracts (Henry Hub) |
2023 |
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2024 |
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| Swap Contracts |
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| Total volume (MMBtu) |
2,460,000 |
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— |
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| Weighted average price per MMBtu |
$3.00 |
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$— |
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| Collar Contracts |
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| Total volume (MMBtu) |
3,217,643 |
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1,820,000 |
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| Weighted average price per MMBtu |
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| Ceiling (short call) |
$5.58 |
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$6.00 |
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| Floor (long put) |
$3.43 |
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$3.00 |
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| Natural Gas Contracts (Waha Basis Differential) |
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| Swap Contracts |
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| Total volume (MMBtu) |
4,300,000 |
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3,660,000 |
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| Weighted average price per MMBtu |
($1.09) |
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($1.05) |
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| Natural Gas Contracts (HSC Basis Differential) |
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| Swap Contracts |
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| Total volume (MMBtu) |
5,520,000 |
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14,640,000 |
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| Weighted average price per MMBtu |
($0.29) |
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($0.42) |
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As part of the Percussion Acquisition, the Company assumed all of Percussion Target’s oil, natural gas, and NGL hedge contracts, which are presented in the following tables:
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For the Remainder |
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For the Full Year |
| Oil Contracts (WTI) |
2023 |
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2024 |
| Collar Contracts (Three-Way Collars) |
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| Total volume (Bbls) |
1,034,556 |
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3,963,023 |
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| Weighted average price per Bbl |
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| Ceiling (short call) |
$70.20 |
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$78.86 |
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| Floor (long put) |
$55.00 |
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$58.16 |
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| Floor (short put) |
$45.00 |
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$48.16 |
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| Collar Contracts (Two-Way Collars) |
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| Total volume (Bbls) |
309,054 |
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— |
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| Weighted average price per Bbl |
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| Ceiling (short call) |
$72.40 |
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$— |
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| Floor (long put) |
$60.00 |
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$— |
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| CMA Roll Swap Contracts |
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| Total volume (Bbls) |
1,512,363 |
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— |
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| Weighted average price per Bbl |
$0.30 |
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$— |
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For the Remainder |
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For the Full Year |
| Natural Gas Contracts (Henry Hub) |
2023 |
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2024 |
| Collar Contracts |
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| Total volume (MMBtu) |
555,755 |
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6,778,555 |
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| Weighted average price per MMBtu |
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| Ceiling (short call) |
$3.69 |
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$3.33 |
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| Floor (long put) |
$2.86 |
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$3.00 |
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| Natural Gas Contracts (Waha Basis Differential) |
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| Swap Contracts |
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| Total volume (MMBtu) |
1,840,000 |
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3,660,000 |
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| Weighted average price per MMBtu |
($1.94) |
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($1.07) |
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For the Remainder |
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For the Full Year |
| NGL Contracts (Mont Belvieu Natural Gasoline) |
2023 |
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2024 |
| Swap Contracts |
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| Total volume (Bbls) |
83,510 |
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| Weighted average price per Bbl |
$56.31 |
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$— |
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| NGL Contracts (Mont Belvieu Propane) |
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| Swap Contracts |
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| Total volume (Bbls) |
71,831 |
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| Weighted average price per Bbl |
$31.37 |
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$— |
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| NGL Contracts (Mont Belvieu Purity Ethane) |
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| Swap Contracts |
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| Total volume (Bbls) |
70,428 |
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| Weighted average price per Bbl |
$9.66 |
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$— |
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| NGL Contracts (Mont Belvieu Normal Butane) |
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| Swap Contracts |
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| Total volume (Bbls) |
64,606 |
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72,105 |
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| Weighted average price per Bbl |
$35.60 |
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$33.18 |
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| NGL Contracts (Mont Belvieu Isobutane) |
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| Swap Contracts |
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| Total volume (Bbls) |
21,141 |
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23,462 |
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| Weighted average price per Bbl |
$35.47 |
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$33.18 |
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