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Commodity Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2023
Investments, All Other Investments [Abstract]  
The following table summarizes the net realized and unrealized gains (losses) reported in earnings related to the commodity derivative instruments for the three months ended March 31, 2023 and 2022:

The following table summarizes the net realized and unrealized gains (losses) reported in earnings related to the commodity derivative instruments for the three months ended March 31, 2023 and 2022:

 

   Three Months Ended March 31, 
   2023   2022 
Gain (Loss) on Derivatives:          
Oil derivatives  $(66,823)  $(112,321)
The following represents the Company’s net cash payments on derivatives for the three months ended March 31, 2023 and 2022:

The following represents the Company’s net cash payments on derivatives for the three months ended March 31, 2023 and 2022:

 

   Three Months Ended March 31, 
   2023   2022 
           
Oil derivatives  $(41,187)  $(83,260)
The following table sets forth the Company’s outstanding derivative contracts at March 31, 2023:

The following table sets forth the Company’s outstanding derivative contracts at March 31, 2023:

 

  2023
  2nd  Quarter    3rd Quarter   4th Quarter
           
WTI Index Put Options:          
Quarterly volume (MBbls) 40.35   41.86   41.00
Floor price (Bbl) $40.00-$55.00   $40.00-$60.00   $40.00-$50.00