XML 33 R22.htm IDEA: XBRL DOCUMENT v3.20.2
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2020
DERIVATIVE FINANCIAL INSTRUMENTS  
Schedule of gain loss on derivatives
    Three months ended June 30,     Six months ended June 30,  
    2020     2019     2020     2019  
Gain (loss) on derivatives:                                
Oil derivatives   $ (402,374 )   $ 492,548     $ 2,106,671     $ 424,952  
Natural gas derivatives           8,180             7,417  
Total   $ (402,374 )   $ 500,728     $ 2,106,671     $ 432,369  
                                 
Schedule of net cash receipts from derivatives
    Three months ended June 30,     Nine months ended June 30,  
    2020     2019     2020     2019  
Net cash received from payments on derivatives                                
Oil derivatives   $ 510,609     $ 74,154     $ 1,043,894     $ 93,503  
Natural gas derivatives             4,305             4,711  
Total   $ 510,609     $ 78,459     $ 1,043,894     $ 98,214  
Schedule of notional amounts of outstanding derivative
    1st Quarter     2nd Quarter     3rd Quarter     4th Quarter  
2020                                
Oil Swaps:                                
Volume (MBbl)                 16.02       15.78  
Price per Bbl               $ 58.39     $ 55.18  
                                 
                                 
2021                                
Oil Swaps:                                
Volume (MBbl)     15.26       15.18       5.20        
Price per Bbl   $ 49.40     $ 50.87     $ 38.25