Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Derivatives and Fair Value (Tables)

v3.22.2
Note 8 - Derivatives and Fair Value (Tables)
6 Months Ended
Jun. 30, 2022
Notes Tables  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Settlement Period

Type of Contract

Index

 

Average Monthly Volumes

   

Weighted Average Price

   

Weighted Average Put Price

   

Weighted Average Call Price

 
       

(Bbls)

   

(per Bbl)

   

(per Bbl)

   

(per Bbl)

 

July 2022 to September 2022

Swaps

Dated Brent

    125,000     $ 76.53              

October 2022 to December 2022

Collars

Dated Brent

    109,000           $ 70.00     $ 122.00  
Schedule of Derivative Instruments [Table Text Block]
       

Three Months Ended June 30,

   

Six Months Ended June 30,

 

Derivative Item

 

Statement of Operations Line

 

2022

   

2021

   

2022

   

2021

 
       

(in thousands)

 

Crude oil swaps

 

Cash settlements paid on matured derivative contracts, net

  $ (21,059 )   $ (4,293 )   $ (33,559 )   $ (6,003 )
   

Unrealized gain (loss)

    11,517       (5,676 )     (7,741 )     (9,920 )
   

Derivative instruments loss, net

  $ (9,542 )   $ (9,969 )   $ (41,300 )   $ (15,923 )