Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Tables)

v3.20.2
Subsequent Events (Tables)
 9 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]  
Schedule of Outstanding Oil and Natural Gas Derivative Contracts
Listed in the tables below are the outstanding oil, natural gas and NGL derivative contracts as of September 30, 2020:  
For the Remainder For the Full Year
Oil contracts (WTI) of 2020 of 2021
   Swap contracts
   Total volume (Bbls) 2,496,880  1,377,000 
   Weighted average price per Bbl $42.10  $42.00 
   Collar contracts
   Total volume (Bbls) 1,501,440  4,653,750 
   Weighted average price per Bbl
   Ceiling (short call) $45.00  $45.31 
   Floor (long put) $35.00  $40.00 
   Short put contracts
      Total volume (Bbls) 552,000  — 
      Weighted average price per Bbl $42.50  $— 
   Long call contracts
    Total volume (Bbls) 460,000  — 
    Weighted average price per Bbl $67.50  $— 
   Short call contracts
   Total volume (Bbls) 460,000 
(1)
 4,825,300 
(1)
   Weighted average price per Bbl $55.00  $63.62 
Short call swaption contracts
   Total volume (Bbls) —  730,000 
(2)
   Weighted average price per Bbl $—  $47.00 
Oil contracts (Brent ICE)    
   Swap contracts
   Total volume (Bbls) —  1,272,450 
   Weighted average price per Bbl $—  $38.24 
Collar contracts
Total volume (Bbls) —  730,000 
Weighted average price per Bbl
Ceiling (short call) $—  $50.00 
Floor (long put) $—  $45.00 
Oil contracts (Midland basis differential)
   Swap contracts
   Total volume (Bbls) 1,380,000  3,022,900 
   Weighted average price per Bbl ($1.89) $0.26 
Oil contracts (Argus Houston MEH basis differential)
   Swap contracts
   Total volume (Bbls) 1,435,202  — 
   Weighted average price per Bbl $0.03  $— 
Oil contracts (Argus Houston MEH swaps)
   Swap contracts
   Total volume (Bbls) —  2,969,050 
   Weighted average price per Bbl $—  $39.48 

(1)    Premiums from the sale of call options were used to increase the fixed price of certain simultaneously executed price swaps.
(2)    The short call swaption contract has an exercise expiration date of October 30, 2020.
For the Remainder For the Full Year
Natural gas contracts (Henry Hub) of 2020 of 2021
   Swap contracts
      Total volume (MMBtu) 1,633,000  11,123,000 
      Weighted average price per MMBtu $2.05  $2.60 
   Collar contracts (three-way collars)
      Total volume (MMBtu) 1,525,000  1,350,000 
      Weighted average price per MMBtu
         Ceiling (short call) $2.72  $2.70 
         Floor (long put) $2.45  $2.42 
         Floor (short put) $2.00  $2.00 
Collar contracts (two-way collars)
      Total volume (MMBtu) 1,525,000  9,550,000 
      Weighted average price per MMBtu
         Ceiling (short call) $3.25  $3.04 
         Floor (long put) $2.67  $2.59 
   Short call contracts
      Total volume (MMBtu) 2,013,000  7,300,000 
      Weighted average price per MMBtu $3.50  $3.09 
Natural gas contracts (Waha basis differential)
   Swap contracts
      Total volume (MMBtu) 4,421,000  12,775,000 
      Weighted average price per MMBtu ($0.91) ($0.47)

For the Remainder For the Full Year
NGL contracts (OPIS Mont Belvieu Purity Ethane) of 2020 of 2021
   Swap contracts
      Total volume (Bbls) —  1,825,000 
      Weighted average price per Bbl $—  $7.62 
Subsequent to September 30, 2020, the Company entered into the following derivative contracts:
For the Full Year
Oil contracts (WTI) of 2021
   Collar contracts
   Total volume (Bbls) 4,769,525 
   Weighted average price per Bbl
   Ceiling (short call) $48.22 
   Floor (long put) $38.44 
For the Full Year
Natural gas contracts (Waha basis differential) of 2021
   Swap contracts
      Total volume (MMBtu) 3,650,000 
      Weighted average price per MMBtu ($0.25)