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Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Derivative [Line Items]

Schedule Of Derivative Financial Instruments Included In Consolidated Comprehensive Statements Of Earnings And Consolidated Balance Sheets

The following table presents the net gains and losses by derivative financial instrument type followed by the corresponding individual consolidated comprehensive statements of earnings caption.

		Three Months Ended June 30,								Six Months Ended June 30,
		2019				2018				2019				2018
Commodity derivatives:
Upstream revenues		$	140			$	(487	)		$	(465	)		$	(600	)
Marketing revenues			—				(1	)			1				(1	)
Interest rate derivatives:
Other expenses			—				19				—				65
Net gains (losses) recognized		$	140			$	(469	)		$	(464	)		$	(536	)

The following table presents the derivative fair values by derivative financial instrument type followed by the corresponding individual consolidated balance sheet caption.

		June 30, 2019				December 31, 2018
Commodity derivative assets:
Other current assets		$	117			$	634
Other long-term assets			10				40
Total derivative assets		$	127			$	674
Commodity derivative liabilities:
Other current liabilities		$	7			$	32
Other long-term liabilities			—				1
Total derivative liabilities		$	7			$	33

Open Oil Derivative Positions [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

		Price Swaps								Price Collars
Period		Volume (Bbls/d)				Weighted Average Price ($/Bbl)				Volume (Bbls/d)				Weighted Average Floor Price ($/Bbl)				Weighted Average Ceiling Price ($/Bbl)
Q3-Q4 2019			41,100			$	60.76				79,750			$	54.89			$	64.92
Q1-Q4 2020			3,238			$	60.13				22,432			$	52.92			$	63.03

		Three-Way Price Collars
Period		Volume (Bbls/d)				Weighted Average Floor Sold Price ($/Bbl)				Weighted Average Floor Purchased Price ($/Bbl)				Weighted Average Ceiling Price ($/Bbl)
Q3-Q4 2019			5,000			$	50.00			$	63.00			$	74.80

		Oil Basis Swaps
Period		Index		Volume (Bbls/d)				Weighted Average Differential to WTI ($/Bbl)
Q3-Q4 2019		Midland Sweet			28,000			$	(0.46	)
Q3-Q4 2019		Argus LLS			7,500			$	5.18
Q3-Q4 2019		Argus MEH			26,000			$	3.33
Q3-Q4 2019		NYMEX Roll			38,000			$	0.45
Q1-Q4 2020		Argus MEH			9,000			$	3.44
Q1-Q4 2020		NYMEX Roll			42,000			$	0.32

Open Natural Gas Derivative Positions [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

		Price Swaps								Price Collars
Period		Volume (MMBtu/d)				Weighted Average Price ($/MMBtu)				Volume (MMBtu/d)				Weighted Average Floor Price ($/MMBtu)				Weighted Average Ceiling Price ($/MMBtu)
Q3-Q4 2019			257,800			$	2.80				200,500			$	2.63			$	3.02
Q1-Q4 2020			81,409			$	2.77				42,557			$	2.73			$	3.03

		Natural Gas Basis Swaps
Period		Index		Volume (MMBtu/d)				Weighted Average Differential to Henry Hub ($/MMBtu)
Q3-Q4 2019		Panhandle Eastern Pipe Line			20,000			$	(0.56	)
Q3-Q4 2019		El Paso Natural Gas			130,000			$	(1.46	)
Q3-Q4 2019		Houston Ship Channel			162,500			$	0.01
Q1-Q4 2020		Panhandle Eastern Pipe Line			30,000			$	(0.47	)
Q1-Q4 2020		El Paso Natural Gas			40,000			$	(0.67	)
Q1-Q4 2020		Houston Ship Channel			10,000			$	0.02

Open NGL Derivative Positions [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

				Price Swaps
Period		Product		Volume (Bbls/d)				Weighted Average Price ($/Bbl)
Q3-Q4 2019		Ethane			1,000			$	11.55
Q3-Q4 2019		Natural Gasoline			4,500			$	55.93
Q3-Q4 2019		Normal Butane			4,000			$	33.69
Q3-Q4 2019		Propane			8,500			$	30.01
Q1-Q4 2020		Propane			2,500			$	27.29

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