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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Financial Instruments  
Schedule of gain loss on derivatives

 

 

As of December 31,

 

2019

 

2018

Gain (loss) on derivatives:

 

Oil derivatives

 

25,894

 

109,273

 

Natural gas derivatives

 

7,749

 

3,808

 

Total

 

33,643

 

113,081

 

Schedule of net cash receipts from derivatives

 

 

As of December 31,

 

2019

 

2018

Net cash receipts from (payments on) derivatives:

 

Oil derivatives

 

358,799

 

16,629

 

Natural gas derivatives

 

11,557

 

(11,913

)

Total

 

370,356

 

4,716

 

Schedule of notional amounts of outstanding derivative

 

 

First quarter

Second quarter

Third quarter

Fourth quarter

Oil Swaps:

 

2020

Volume (Bbl)

23,413

23,172

22,944

20,944

Price per Bbl

$60.32

$59.53

$58.26

$55.09

 

2021

Volume (Bbl)

20,106

15,683

6,665

4,372

Price per Bbl

$49.43

$50.47

$49.30

$50.87