XML 54 R28.htm IDEA: XBRL DOCUMENT v3.24.0.1
Derivative financial instruments (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative activity by volume
The following table sets forth the Company’s outstanding commodity derivative contracts as of December 31, 2023.
20242025
First QuarterSecond QuarterThird QuarterFourth QuarterTotalTotal
Collar (oil)
Volume (Bbl)461,524401,874361,552311,4961,536,446273,000
Weighted-average floor price ($/Bbl)$64.22 $64.27 $64.32 $64.13 $64.24 $63.00 
Weighted-average ceiling price ($/Bbl)$84.99 $85.11 $85.24 $84.97 $85.07 $82.70 
Swaps (oil)
Volume (Bbl)62,00048,00039,00032,000181,000—
Weighted-average price ($/Bbl)$80.00 $80.00 $80.00 $80.00 $80.00 $— 
Collar (natural gas)
Volume (Mcf)3,856,000——1,615,0005,471,0002,156,000
Weighted-average floor price ($/Mcf)$2.93 $— $— $3.57 $3.12 $3.57 
Weighted-average ceiling price ($/Mcf)$4.39 $— $— $5.37 $4.68 $5.37 
Swaps (natural gas)
Volume (Mcf)—3,236,0002,823,000844,0006,903,000450,000
Weighted-average price ($/Mcf)$— $3.22 $3.22 $3.22 $3.22 $3.68 
Schedule of commodity derivatives reported in earnings
The following table summarizes the amounts reported in the consolidated statements of operations related to the commodity derivative instruments for the years ended December 31, 2023, 2022 and 2021:
Year Ended December 31,
(in thousands)202320222021
Gain (loss) on commodity derivatives
Oil derivatives$6,459 $(14,985)$(24,885)
Natural gas derivatives19,085 (10,339)(7,504)
Total$25,544 $(25,324)$(32,389)
Schedule of net cash receipts (payments on) commodity derivatives
The following table represents the Company’s net cash receipts (payments on) commodity derivatives for the years ended December 31, 2023, 2022 and 2021:
Year Ended December 31,
(in thousands)2023 2022 2021
Net cash receipts from (payments on) commodity derivatives
Oil derivatives$4,576 $(23,695)$(19,034)
Natural gas derivatives18,319 (18,742)(6,185)
Total$22,895 $(42,437)$(25,219)