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Subsequent Events (Tables)
 3 Months Ended
Mar. 31, 2023
Subsequent Events [Abstract]  
Schedule of Derivative Activity by Volume
The following table sets forth the Company’s outstanding commodity derivative contracts as of March 31, 2023. All of the Company’s commodity derivative contracts at March 31, 2023 are expected to settle by December 31, 2023.
2023
Second QuarterThird QuarterFourth QuarterTotal
Producer 3-way (oil)
Volume (Bbl)340,263228,659208,488777,410
Weighted-average sub-floor price ($/Bbl)$62.22 $60.42 $60.43 $61.21 
Weighted-average floor price ($/Bbl)$77.89 $79.25 $80.00 $78.86 
Weighted-average ceiling price ($/Bbl)$99.23 $100.61 $101.92 $100.36 
Collar (natural gas)
Volume (Mcf)3,051,4212,530,0002,070,0007,651,421
Weighted-average floor price ($/Mcf)$4.12 $4.25 $4.50 $4.27 
Weighted-average ceiling price ($/Mcf)$5.63 $5.90 $6.35 $5.91 
After March 31, 2023, the Company entered into the following derivative contracts to hedge additional amounts of estimated future production:
202320242025
Second QuarterThird QuarterFourth QuarterTotalTotalTotal
Collar (oil)
Volume (Bbl)18,64848,61829,30496,570486,846 — 
Weighted-average floor price ($/Bbl)$61.50 $61.50 $61.50 $61.50 $58.63 $— 
Weighted-average ceiling price ($/Bbl)$81.60 $81.60 $81.60 $81.60 $78.13 $— 
Collar (natural gas)
Volume (Mcf)— — 16,65016,6501,768,896 766,566 
Weighted-average floor price ($/Mcf)$— $— $3.04 $3.04 $3.24 $3.68 
Weighted-average ceiling price ($/Mcf)$— $— $4.63 $4.63 $4.89 $5.45 
Swaps (natural gas)
Volume (Mcf)1,058,940950,382297,0362,306,358— — 
Weighted-average price ($/Mcf)$3.25 $3.25 $3.25 $3.25 $— $—