Derivatives and Fair Value (Tables) |
12 Months Ended |
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Dec. 31, 2021 | |
Derivatives and Fair Value [Abstract] | |
Summary of Commodity Swaps | Settlement Period Type of Contract Index Barrels Weighted Average PriceJanuary 2022 Swaps Dated Brent 60,794 $ 53.10January 2022 to February 2022 Swaps Dated Brent 191,060 $ 67.70March 2022 to June 2022 Swaps Dated Brent 460,000 $ 72.00 711,854 The following are the additional swaps entered into in 2022: Settlement Period Type of Contract Index Barrels Weighted Average PriceApril 2022 to June 2022 Swaps Dated Brent 234,000 $ 85.01July 2022 to September 2022 Swaps Dated Brent 375,000 $ 76.53 609,000 |
Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations | Year Ended December 31,Derivative Item Statement of Operations Line 2021 2020 2019 (in thousands)Crude oil swaps Realized gain (loss) - contract settlements $ (18,020) $ 7,216 $ 2,439 Unrealized loss (4,806) (639) (2,885) Derivative instruments gain (loss), net $ (22,826) $ 6,577 $ (446) |
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- References No definition available.
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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