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SUBSEQUENT EVENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
Subsequent Events [Abstract] |
Schedule of Commodity Derivatives | As of December 31, 2021, the Company had entered into the following commodity price derivative contracts:
|  | Crude Oil (NYMEX WTI) |  | Natural Gas (NYMEX Henry Hub) |  |  |  | Natural Gas (CIG) |  | Natural Gas Liquids (OPIS)
|  | Bbls/day |  | Weighted Avg. Price per Bbl |  | MMBtu/day |  | Weighted Avg. Price per MMBtu |  |  |  |  |  | MMBtu/day |  | Weighted Avg. Price per MMBtu |  | Bbls/day |  | Weighted Avg. Price per Bbl
1Q22 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collar |  | 15,700 |  |  | $43.83/$59.77 |  | — |  |  | — |  |  |  |  |  |  | 20,000 |  |  | $2.15/$2.75 |  | — |  | — |
Swap |  | 15,371 |  |  | $47.39 |  | 125,170 |  |  | $2.90 |  |  |  |  |  | 10,000 |  |  | $2.13 |  | 4,000 |  | $20.22
Oil roll swap(1) |  | 2,000 |  |  | $0.22 |  | — |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |
2Q22 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collar |  | 8,800 |  |  | $38.09/$67.48 |  | 60,375 |  |  | $2.50/$3.50 |  |  |  |  |  | 20,000 |  |  | $2.15/$2.75 |  | — |  | — |
Swap |  | 10,139 |  |  | $49.84 |  | 53,300 |  |  | $2.77 |  |  |  |  |  | 10,000 |  |  | $2.13 |  | 4,000 |  | $20.22
Oil roll swap(1) |  | 2,000 |  |  | $0.22 |  | — |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |
3Q22 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collar |  | 7,681 |  |  | $40.35/$69.99 |  | 78,420 |  |  | $2.59/$3.68 |  |  |  |  |  | — |  |  | — |  |  | — |  | — |
Swap |  | 9,359 |  |  | $46.88 |  | 53,300 |  |  | $2.77 |  |  |  |  |  | 10,000 |  |  | $2.13 |  | 4,000 |  | $20.22
Oil roll swap(1) |  | 2,000 |  |  | $0.22 |  | — |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |
4Q22 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collar |  | 6,938 |  |  | $40.75/$70.99 |  | 76,929 |  |  | $2.60/$3.69 |  |  |  |  |  | — |  |  | — |  |  | — |  | — |
Swap |  | 8,686 |  |  | $46.77 |  | 53,300 |  |  | $2.77 |  |  |  |  |  | 10,000 |  |  | $2.13 |  | 4,000 |  | $20.22
Oil roll swap(1) |  | 2,000 |  |  | $0.22 |  | — |  |  | — |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collar |  | 260 |  |  | $40.00/$72.70 |  | 2,184 |  |  | $2.00/$3.25 |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |
Swap |  | 200 |  |  | $46.05 |  | 43,600 |  |  | $2.51 |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |
2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap |  | — |  |  | — |  |  | 22,309 |  |  | $2.57 |  |  |  |  |  | — |  |  | — |  |  | — |  |  | — |
_______________________________ (1) The weighted average differential represents the amount of reduction to NYMEX WTI prices for the notional volumes covered by the swap contracts. As of March 1, 2022, the following commodity price derivative contracts were novated from Bison:
|  | Crude Oil (NYMEX WTI) |  | Natural Gas (NYMEX Henry Hub) |  |  |
|  | Bbls/day |  | Weighted Avg. Price per Bbl |  | MMBtu/day |  | Weighted Avg. Price per MMBtu |  |  |  |  |
2022(1) |  |  |  |  |  |  |  |  |  |  |  |  |
Collar(2, 3) |  | 2,756 |  |  | $47.85 / $56.71 |  | 2,278 |  |  | $2.67 / $3.39 |  |  |  |  |
Swap |  | 873 |  |  | $47.38 |  | 1,582 |  |  | $2.52 |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |
Collar(2, 3) |  | 1,406 |  |  | $48.62 / $57.71 |  | 1,828 |  |  | $2.36 / $2.98 |  |  |  |  |
Swap |  | 208 |  |  | $46.47 |  | 470 |  |  | $2.51 |  |  |  |  |
2024 |  |  |  |  |  |  |  |  |  |  |  |  |
Collar(2, 3) |  | 143 |  |  | $45.00 / $56.25 |  | 1,337 |  |  | $2.40 / $3.15 |  |  |  |  |
Swap |  | 479 |  |  | $53.96 |  | — |  |  | — |  |  |  |  |  |
_______________________________ (1) Represents hedged volumes from the closing date through December 31, 2022. (2) 79%, 100%, and 100% of the 2022, 2023, and 2024 oil collars presented include sold puts at a weighted average price of $38.72, $38.38, and $35.00 per Bbl, respectively (3) 5%, 19%, and 23% of the 2022, 2023, and 2024 gas collars presented include sold puts at a weighted average price of $2.00 per MMBtu, respectively.

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