Quarterly report pursuant to Section 13 or 15(d)

Derivatives and Fair Value (Tables)

v3.21.2
Derivatives and Fair Value (Tables)
6 Months Ended
Jun. 30, 2021
Derivatives and Fair Value [Abstract]  
Summary of Commodity Swaps

Settlement Period

Type of Contract

Index

Barrels

Weighted Average Price

July 2021 to January 2022

Swaps

Dated Brent

351,254

$

53.10

July 2021 to October 2021

Swaps

Dated Brent

377,869

$

66.13

729,123

Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations

Three Months Ended June 30,

Six Months Ended June 30,

Derivative Item

Statement of Operations Line

2021

2020

2021

2020

(in thousands)

Crude oil swaps

Realized gain (loss) - contract settlements

$

(4,293)

$

6,498

$

(6,003)

$

7,216

Unrealized loss

(5,676)

(7,254)

(9,920)

(633)

Derivative instruments gain (loss), net

$

(9,969)

$

(756)

$

(15,923)

$

6,583