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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2021
Subsequent Events [Abstract] |
Subsequent Events | SUBSEQUENT EVENTSOn January 31, 2022, the Company signed definitive agreements to acquire privately held DJ Basin operator Bison Oil & Gas II, LLC (“Bison”) for approximately $346 million of consideration, including the assumption of approximately $176 million in debt and other liabilities. On February 27, 2022, the Company and Bison entered into an amendment to the definitive agreements signed on January 31, 2022 to, among other things, increase the aggregate cash consideration paid to Bison from $45 million to $160 million and eliminate the previously contemplated share consideration. The transaction closed on March 1, 2022. 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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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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