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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Schedule Of Open Derivative Positions |
|  | Price Swaps |  |  | Price Swaptions |  |  | Price Collars |  |  | Call Options Sold |
Period |  | Volume (Bbls/d) |  |  | Weighted Average Price ($/Bbl) |  |  | Volume (Bbls/d) |  |  | Weighted Average Price ($/Bbl) |  |  | Volume (Bbls/d) |  |  | Weighted Average Floor Price ($/Bbl) |  |  | Weighted Average Ceiling Price ($/Bbl) |  |  | Volume (Bbls/d) |  |  | Weighted Average Price ($/Bbl) |
Q4 2021 |  |  | 66,460 |  |  | $ | 41.24 |  |  |  | — |  |  | $ | — |  |  |  | 48,250 |  |  | $ | 38.82 |  |  | $ | 48.82 |  |  |  | 5,000 |  |  | $ | 39.50 |
Q1-Q4 2022 |  |  | 26,112 |  |  | $ | 43.75 |  |  |  | 10,000 |  |  | $ | 46.67 |  |  |  | 20,233 |  |  | $ | 46.41 |  |  | $ | 56.41 |  |  |  | — |  |  | $ | — |
|  | Oil Basis Swaps |
Period |  | Index |  | Volume (Bbls/d) |  |  | Weighted Average Differential to WTI ($/Bbl) |
Q4 2021 |  | Midland Sweet |  |  | 23,000 |  |  | $ | 0.84 |
Q4 2021 |  | Guernsey Light Sweet |  |  | 4,000 |  |  | $ | (1.49 | )
Q4 2021 |  | BRENT |  |  | 1,000 |  |  | $ | (8.00 | )
Q4 2021 |  | NYMEX Roll |  |  | 13,000 |  |  | $ | 0.39 |
Q1-Q4 2022 |  | BRENT |  |  | 1,000 |  |  | $ | (7.75 | )
Q1-Q4 2022 |  | NYMEX Roll |  |  | 29,000 |  |  | $ | 0.45 |
|  | Price Swaps (1) |  |  | Price Swaptions (2) |  |  | Price Collars (2) |  |  | Call Options Sold (2) |
Period |  | Volume (MMBtu/d) |  |  | Weighted Average Price ($/MMBtu) |  |  | Volume (MMBtu/d) |  |  | Weighted Average Price ($/MMBtu) |  |  | Volume (MMBtu/d) |  |  | Weighted Average Floor Price ($/MMBtu) |  |  | Weighted Average Ceiling Price ($/MMBtu) |  |  | Volume (MMBtu/d) |  |  | Weighted Average Price ($/MMBtu) |
Q4 2021 |  |  | 254,000 |  |  | $ | 2.63 |  |  |  | — |  |  | $ | — |  |  |  | 133,000 |  |  | $ | 2.55 |  |  | $ | 3.05 |  |  |  | 50,000 |  |  | $ | 2.68 |
Q1-Q4 2022 |  |  | 3,452 |  |  | $ | 2.85 |  |  |  | 100,000 |  |  | $ | 2.70 |  |  |  | 145,507 |  |  | $ | 2.69 |  |  | $ | 3.40 |  |  |  | — |  |  | $ | — |
Q1-Q4 2023 |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |  |  |  | 10,603 |  |  | $ | 3.11 |  |  | $ | 4.56 |  |  |  | — |  |  | $ | — |
| (1) | Related to the 2021 open positions, 14,000 MMBtu/d settle against the Inside FERC first of month Henry Hub index at an average price of $2.85 and 240,000 MMBtu/d settle against the end of month NYMEX index at an average price of $2.62. All 2022 open positions settle against the Inside FERC first of month Henry Hub index.
| (2) | Price swaptions and call options settle against end of month NYMEX index. Price collars settle against the Inside FERC first of month Henry Hub Index.
|  | Natural Gas Basis Swaps |
Period |  | Index |  | Volume (MMBtu/d) |  |  | Weighted Average Differential to Henry Hub ($/MMBtu) |
Q4 2021 |  | El Paso Natural Gas |  |  | 35,000 |  |  | $ | (0.92 | )
Q4 2021 |  | WAHA |  |  | 80,000 |  |  | $ | (0.65 | )
Q1-Q4 2022 |  | WAHA |  |  | 70,000 |  |  | $ | (0.57 | )
Q1-Q4 2023 |  | WAHA |  |  | 70,000 |  |  | $ | (0.51 | )
Q1-Q4 2024 |  | WAHA |  |  | 40,000 |  |  | $ | (0.51 | )
|  |  |  | Price Swaps |
Period |  | Product |  | Volume (Bbls/d) |  |  | Weighted Average Price ($/Bbl) |
Q4 2021 |  | Natural Gasoline |  |  | 1,000 |  |  | $ | 47.57 |
Q4 2021 |  | Normal Butane |  |  | 1,000 |  |  | $ | 31.40 |
Q4 2021 |  | Propane |  |  | 1,000 |  |  | $ | 27.88 |
Schedule Of Derivative Financial Instruments Included In The Consolidated Balance Sheets | All derivative financial instruments are recognized at their current fair value as either assets or liabilities in the consolidated balance sheets. Amounts related to contracts allowed to be netted upon payment subject to a master netting arrangement with the same counterparty are reported on a net basis in the consolidated balance sheets. The tables below present a summary of these positions as of September 30, 2021 and December 31, 2020.
| September 30, 2021 |  |  | December 31, 2020 |  |  |
| Gross Fair Value |  |  | Amounts Netted |  |  | Net Fair Value |  |  | Gross Fair Value |  |  | Amounts Netted |  |  | Net Fair Value |  |  | Balance Sheet Classification
Commodity derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term derivative asset | $ | 3 |  |  | $ | (1 | ) |  | $ | 2 |  |  | $ | 23 |  |  | $ | (18 | ) |  | $ | 5 |  |  | Other current assets
Long-term derivative asset |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  | Other long-term assets
Short-term derivative liability |  | (984 | ) |  |  | 1 |  |  |  | (983 | ) |  |  | (161 | ) |  |  | 18 |  |  |  | (143 | ) |  | Other current liabilities
Long-term derivative liability |  | (103 | ) |  |  | — |  |  |  | (103 | ) |  |  | (5 | ) |  |  | — |  |  |  | (5 | ) |  | Other long-term liabilities
Total derivative liability | $ | (1,084 | ) |  | $ | — |  |  | $ | (1,084 | ) |  | $ | (142 | ) |  | $ | — |  |  | $ | (142 | ) |  |

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