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Derivative Instruments - Schedule of Outstanding Commodity Derivative Instruments (Details) $ in Thousands | 3 Months Ended
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Mar. 31, 2020 USD ($) $ / bbl bbl
Derivative [Line Items] |
Fair value assets (liabilities) | $ | $ 261,661
NYMEX WTI | Crude Oil | 2020 Fixed price swaps |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 4,733,000
Average swap price (in dollars per barrel) | 57.02
Fair value assets (liabilities) | $ | $ 134,306
NYMEX WTI | Crude Oil | 2020 Two-way collar |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 2,322,000
Average floor price (in dollars per barrel) | 51.12
Average ceiling price (in dollars per barrel) | 59.79
Fair value assets (liabilities) | $ | $ 50,178
NYMEX WTI | Crude Oil | 2020 Three-way collar |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 4,859,000
Average sub-floor price (in dollars per barrel) | 40.75
Average floor price (in dollars per barrel) | 53.16
Average ceiling price (in dollars per barrel) | 63.61
Fair value assets (liabilities) | $ | $ 55,604
NYMEX WTI | Crude Oil | 2021 Fixed price swaps |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 310,000
Average swap price (in dollars per barrel) | 56.01
Fair value assets (liabilities) | $ | $ 6,661
NYMEX WTI | Crude Oil | 2021 Two-way collar |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 248,000
Average floor price (in dollars per barrel) | 51.38
Average ceiling price (in dollars per barrel) | 59.33
Fair value assets (liabilities) | $ | $ 4,274
NYMEX WTI | Crude Oil | 2021 Three-way collar |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 1,313,000
Average sub-floor price (in dollars per barrel) | 40.00
Average floor price (in dollars per barrel) | 50.79
Average ceiling price (in dollars per barrel) | 62.46
Fair value assets (liabilities) | $ | $ 10,638

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- Definition The average cap rate on a group of price risk derivatives such as caps or collars. A payment or receipt is triggered if the market rate exceeds the cap rate on the contract. + References No definition available. + Details
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- Definition Fair value of the assets less the liabilities of a derivative or group of derivatives. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13433-108611 + Details
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