Annual report pursuant to Section 13 and 15(d)

Derivatives and Fair Value (Tables)

v3.22.0.1
Derivatives and Fair Value (Tables)
12 Months Ended
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)