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Derivative Instruments - Schedule of Outstanding Commodity Derivative Instruments (Details) $ in Thousands | 3 Months Ended
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Mar. 31, 2021 USD ($) BTU $ / bbl bbl
Derivative [Line Items] |
Fair Value Assets (Liabilities) | $ | $ (253,010)
Crude oil | 2021 Fixed price swaps | NYMEX WTI |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 7,975,000
Weighted average swap price (in dollars per barrel) | 42.09
Fair Value Assets (Liabilities) | $ | $ (130,125)
Crude oil | 2021 Two-way collar | NYMEX WTI |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 459,000
Average ceiling price (in dollars per barrel) | 63.82
Average floor price (in dollars per barrel) | 45.00
Fair Value Assets (Liabilities) | $ | $ (614)
Crude oil | 2022 Fixed price swaps | NYMEX WTI |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 7,245,000
Weighted average swap price (in dollars per barrel) | 42.66
Fair Value Assets (Liabilities) | $ | $ (82,286)
Crude oil | 2022 Two-way collar | NYMEX WTI |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 636,000
Average ceiling price (in dollars per barrel) | 63.82
Average floor price (in dollars per barrel) | 45.00
Fair Value Assets (Liabilities) | $ | $ (88)
Crude oil | 2023 Fixed price swaps | NYMEX WTI |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 5,265,000
Weighted average swap price (in dollars per barrel) | 43.57
Fair Value Assets (Liabilities) | $ | $ (39,027)
Crude oil | 2024 Fixed price swaps | NYMEX WTI |
Derivative [Line Items] |
Total notional amount of oil (in Bbls) | bbl | 434,000
Weighted average swap price (in dollars per barrel) | 43.68
Fair Value Assets (Liabilities) | $ | $ (2,654)
Natural gas | 2021 Fixed price swaps | NYMEX HH |
Derivative [Line Items] |
Total notional amount of natural gas (in MMBtu) | BTU | 11,000,000
Weighted average swap price (in dollars per barrel) | 2.84
Fair Value Assets (Liabilities) | $ | $ 1,174
Natural gas | 2022 Fixed price swaps | NYMEX HH |
Derivative [Line Items] |
Total notional amount of natural gas (in MMBtu) | BTU | 5,430,000
Weighted average swap price (in dollars per barrel) | 2.82
Fair Value Assets (Liabilities) | $ | $ 610

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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 The average floor rate on a group of price risk derivatives such as floors or collars. A payment or receipt is triggered if the market rate falls below the floor 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=121572278&loc=d3e13433-108611 + Details
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