| Schedule of volume-based derivative activity subject to price risk |
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Contract Prices |
Period |
|
Type of Contract |
|
(Volume/Month) |
|
Range |
|
Weighted Average |
Oct 2022 – Dec 2023 |
|
Producer 3-way (crude oil) |
|
34,413 – 612 |
|
$113.10 – $40.00 |
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|
$75.16 |
Oct 2022 – Dec 2022 |
|
Collar (crude oil) |
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33,886 – 5,448 |
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$112.75 – $85.00 |
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|
$97.24 |
Nov 2022 – Mar 2023 |
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Producer 3-way (natural gas) |
|
128,912 – 3,813 |
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$8.44 – $3.00 |
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|
$5.13 |
Nov 2022 – Jun 2023 |
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Collar (natural gas) |
|
90,941 – 11,036 |
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$9.05 – $2.90 |
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|
$5.48 |
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| Schedule of derivative liabilities categorized by primary underlying risk |
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September 30, 2022 |
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September 30, 2022 |
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Derivative assets |
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Derivative liabilities |
(in thousands) |
Current
portion |
|
Noncurrent
portion |
|
Current
portion |
|
Noncurrent
portion |
Primary underlying risk |
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Commodity price |
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|
|
|
|
|
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Crude oil |
$ |
4,581 |
|
$ |
812 |
|
$ |
(1,865) |
|
$ |
— |
Natural gas |
|
(205) |
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|
— |
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|
(2,076) |
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|
— |
Total |
$ |
4,376 |
|
$ |
812 |
|
$ |
(3,941) |
|
$ |
— |
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|
December 31, 2021 |
|
December 31, 2021 |
|
Derivative assets |
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|
Derivative liabilities |
(in thousands) |
Current
portion |
|
Noncurrent
portion |
|
Current
portion |
|
Noncurrent
portion |
Primary underlying risk |
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|
|
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Commodity price |
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|
|
|
|
|
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Crude oil |
$ |
— |
|
$ |
— |
|
$ |
(3,465) |
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$ |
(411) |
Natural gas |
|
— |
|
|
— |
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(488) |
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|
11 |
Total |
$ |
— |
|
$ |
— |
|
$ |
(3,953) |
|
$ |
(400) |
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| Schedule of income as gain/(loss) on derivative contracts |
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|
Three months ended September 30, 2022 |
(in thousands) |
|
Realized loss |
|
Change in unrealized
gain/(loss) |
|
Total |
Primary underlying risk |
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Commodity price |
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Crude oil |
|
$ |
(4,971) |
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$ |
16,571 |
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$ |
11,600 |
Natural gas |
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|
(4,360) |
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|
(1,158) |
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|
(5,518) |
Total |
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$ |
(9,331) |
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$ |
15,413 |
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$ |
6,082 |
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Nine months ended September 30, 2022 |
(in thousands) |
|
Realized loss |
|
Change in unrealized
gain/(loss) |
|
Total |
Primary underlying risk |
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|
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Commodity price |
|
|
|
|
|
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|
|
|
Crude oil |
|
$ |
(15,388) |
|
$ |
7,404 |
|
$ |
(7,984) |
Natural gas |
|
|
(9,359) |
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|
(1,804) |
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|
(11,163) |
Total |
|
$ |
(24,747) |
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$ |
5,600 |
|
$ |
(19,147) |
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Three months ended September 30, 2021 |
(in thousands) |
|
Realized loss |
|
Change in unrealized
gain/(loss) |
|
Total |
Primary underlying risk |
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Commodity price |
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|
|
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Crude oil |
|
$ |
(2,324) |
|
$ |
721 |
|
$ |
(1,603) |
Natural gas |
|
|
(1,635) |
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|
(3,320) |
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|
(4,955) |
Total |
|
$ |
(3,959) |
|
$ |
(2,599) |
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$ |
(6,558) |
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Nine months ended September 30, 2021 |
(in thousands) |
|
Realized loss |
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Change in unrealized loss |
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Total |
Primary underlying risk |
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Commodity price |
|
|
|
|
|
|
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|
|
Crude oil |
|
$ |
(2,583) |
|
$ |
(6,775) |
|
$ |
(9,358) |
Natural gas |
|
|
(4,522) |
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|
(4,235) |
|
|
(8,757) |
Total |
|
$ |
(7,105) |
|
$ |
(11,010) |
|
$ |
(18,115) |
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