VAALCO Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Derivatives and Fair Value (Tables)

Derivatives and Fair Value (Tables)

3 Months Ended

Mar. 31, 2022

Derivatives and Fair Value [Abstract]


Settlement Period	Type of Contract	Index	Barrels	Weighted Average Price
April 2022 to June 2022	Swaps	Dated Brent	345,000	$	72.00
April 2022 to June 2022	Swaps	Dated Brent	234,000	$	85.01
July 2022 to September 2022	Swaps	Dated Brent	375,000	$	76.53
			954,000

Effect of Derivative Instruments on the Condensed Consolidated Statements of Operations


		Three Months Ended March 31,
Derivative Item	Statement of Operations Line	2022		2021
		(in thousands)
Crude oil swaps	Cash settlements paid on matured derivative contracts, net	$	(12,500)	$	(1,710)
	Cash settlements not paid on matured derivative contracts, net		(19,258)		(4,244)
	Derivative instruments loss, net	$	(31,758)	$	(5,954)

- 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.

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+ Details