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v3.22.2.2

Risk Management and Derivative Instruments (Tables) | 9 Months Ended
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Sep. 30, 2022
Risk Management and Derivative Instruments |
Open Commodity Positions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 |  | 2023
Natural Gas Derivative Contracts: | ​ | ​ |  |  | ​ |
Fixed price swap contracts: | ​ | ​ |  |  | ​ |
Average monthly volume (MMBtu) | ​ | ​ | 695,000 |  | ​ | —
Weighted-average fixed price | ​ | $ | 2.56 | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Collar contracts: | ​ |  | ​ | ​ |  | ​
Two-way collars | ​ |  | ​ | ​ |  | ​
Average monthly volume (MMBtu) | ​ |  | 775,000 | ​ |  | 1,160,000
Weighted-average floor price | ​ | $ | 2.56 | ​ | $ | 3.49
Weighted-average ceiling price | ​ | $ | 3.44 | ​ | $ | 5.92
​ | ​ | ​ | ​ | ​ | ​ | ​
Crude Oil Derivative Contracts: | ​ |  | ​ | ​ |  | ​
Fixed price swap contracts: | ​ |  | ​ | ​ |  | ​
Average monthly volume (Bbls) | ​ |  | 57,000 | ​ |  | 55,000
Weighted-average fixed price | ​ | $ | 48.27 | ​ | $ | 57.30
​ | ​ | ​ | ​ | ​ | ​ | ​
Collar contracts: | ​ |  |  | ​ |  |
Two-way collars | ​ | ​ | ​ | ​ | ​ | ​
Average monthly volume (Bbls) | ​ | ​ | 15,000 | ​ | ​ | —
Weighted-average floor price | ​ | $ | 60.00 | ​ | $ | —
Weighted-average ceiling price | ​ | $ | 71.00 | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Three-way collars | ​ |  | ​ | ​ |  | ​
Average monthly volume (Bbls) | ​ |  | 89,000 | ​ |  | 30,000
Weighted-average ceiling price | ​ | $ | 55.55 | ​ | $ | 67.15
Weighted-average floor price | ​ | $ | 42.92 | ​ | $ | 55.00
Weighted-average sub-floor price | ​ | $ | 32.58 | ​ | $ | 40.00
Interest Rate Swap Open Positions | ​
​ | ​ | ​ | ​ | ​
​ |  | Remaining | ​
​ | ​ | 2022 |
Average Monthly Notional (in thousands) | ​ | $ | 75,000 | ​
Weighted-average fixed rate | ​ |  | 1.281 | %
Floating rate | ​ |  | 1 Month LIBOR | ​
Gross Fair Value of Derivative Instruments by Appropriate Balance Sheet | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Asset |  | Liability |  | Asset |  | Liability
​ | ​ | ​ | ​ | Derivatives | ​ | Derivatives | ​ | Derivatives | ​ | Derivatives
​ | ​ | ​ | ​ | September 30, | ​ | September 30, | ​ | December 31, | ​ | December 31,
Type |  | Balance Sheet Location |  | 2022 |  | 2022 |  | 2021 |  | 2021
​ | ​ | ​ | ​ | (In thousands)
Commodity contracts |  | Short-term derivative instruments | ​ | $ | 5,604 | ​ | $ | 50,471 | ​ | $ | 4,804 | ​ | $ | 57,325
Interest rate swaps |  | Short-term derivative instruments | ​ |  | 442 | ​ |  | — | ​ |  | — | ​ |  | 623
Gross fair value |  | ​ | ​ |  | 6,046 | ​ |  | 50,471 | ​ |  | 4,804 | ​ |  | 57,948
Netting arrangements |  | ​ | ​ |  | (5,604) | ​ |  | (5,604) | ​ |  | (4,804) | ​ |  | (4,804)
Net recorded fair value |  | Short-term derivative instruments | ​ | $ | 442 | ​ | $ | 44,867 | ​ | $ | — | ​ | $ | 53,144
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity contracts |  | Long-term derivative instruments | ​ | $ | 2,030 | ​ | $ | 7,714 | ​ | $ | 3,163 | ​ | $ | 12,827
Interest rate swaps |  | Long-term derivative instruments | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Gross fair value |  | ​ | ​ |  | 2,030 | ​ |  | 7,714 | ​ |  | 3,163 | ​ |  | 12,827
Netting arrangements |  | ​ | ​ |  | (2,030) | ​ |  | (2,030) | ​ |  | (3,163) | ​ |  | (3,163)
Net recorded fair value |  | Long-term derivative instruments | ​ | $ | — | ​ | $ | 5,684 | ​ | $ | — | ​ | $ | 9,664
Unrealized and Realized Gains and Losses Related to Derivative Instruments | The following table details the gains and losses related to derivative instruments for the periods indicated (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | For the Three Months Ended | ​ | For the Nine Months Ended | ​
​ | ​ | Statements of |  | September 30, |  | September 30, | ​
​ |  | Operations Location | ​ | 2022 |  | 2021 | ​ | 2022 |  | 2021 | ​
Commodity derivative contracts |  | Loss (gain) on commodity derivatives | ​ | $ | (3,300) | ​ | $ | 46,653 | ​ | $ | 108,675 | ​ | $ | 145,139 | ​
(Gain) loss on interest rate derivatives |  | Interest expense, net | ​ |  | (87) | ​ |  | 47 | ​ |  | (930) | ​ |  | 3 | ​

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