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Subsequent Events
 12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
Subsequent to December 31, 2020 and as of March 1, 2021, the Company entered into the following natural gas, oil, and NGL derivative contracts as it works toward fulfilling minimum hedging requirements as provided for in the RSA:
PeriodType of Derivative InstrumentIndex
Daily Volume(1)
Weighted
Average Price
July 2021 - December 2021SwapsNYMEX WTI2,250 $53.07
July 2021 - December 2021SwapsMont Belvieu C33,100 $27.80
January 2022 - June 2022SwapsMont Belvieu C31,000 $27.30
April 2021 - May 2021Basis SwapsTetco M236,443 $(0.61)
February 2021 - October 2021Basis SwapsRex Zone 394,505 $(0.22)
July 2021 - December 2021Costless CollarsNYMEX Henry Hub210,000 
$2.67/$3.15
January 2022 - March 2022Costless CollarsNYMEX Henry Hub340,000 
 $2.82/$3.40
(1)    Volume units for gas instruments are presented as MMBtu/day while oil and NGL is presented in Bbls/day.