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Commodity Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Investments, All Other Investments [Abstract]

The following table summarizes the net realized and unrealized amounts reported in earnings related to the commodity derivative instruments for the years ended December 31, 2023 and 2022:

The following table summarizes the net realized and unrealized amounts reported in earnings related to the commodity derivative instruments for the years ended December 31, 2023 and 2022:

		For the Year Ended December 31,
		2023				2022
Gain (loss) on derivatives:
Oil derivatives		$	(65,693	)		$	(387,930	)

The following represents the Company’s net cash receipts from (payments on) derivatives for the years ended December, 2023 and 2022:

The following represents the Company’s net cash receipts from (payments on) derivatives for the years ended December, 2023 and 2022:

		For the Year Ended December 31,
		2023				2022
Oil derivatives		$	(353,695	)		$	(260,266	)

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

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

	1st Quarter 2024		2nd Quarter 2024		3rd Quarter 2024		4th Quarter 2024
2024
WTI Fixed-Price Swaps:
Quarterly volume (MBbls)	38.00		30.00		30.00		30.00
Weighted-average fixed price (Bbl)	$74.01		$72.15		$77.02		$75.57

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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-Topic 815
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