Annual report pursuant to Section 13 and 15(d)

Subsequent Events

v3.20.4
Subsequent Events
 12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
Subsequent to December 31, 2020 and as of March 1, 2021, the Company entered into the following natural gas, oil, and NGL derivative contracts as it works toward fulfilling minimum hedging requirements as provided for in the RSA:
Period Type of Derivative Instrument Index
Daily Volume(1)
Weighted
Average Price
July 2021 - December 2021 Swaps NYMEX WTI 2,250  $53.07
July 2021 - December 2021 Swaps Mont Belvieu C3 3,100  $27.80
January 2022 - June 2022 Swaps Mont Belvieu C3 1,000  $27.30
April 2021 - May 2021 Basis Swaps Tetco M2 36,443  $(0.61)
February 2021 - October 2021 Basis Swaps Rex Zone 3 94,505  $(0.22)
July 2021 - December 2021 Costless Collars NYMEX Henry Hub 210,000 
$2.67/$3.15
January 2022 - March 2022 Costless Collars NYMEX Henry Hub 340,000 
 $2.82/$3.40
(1)    Volume units for gas instruments are presented as MMBtu/day while oil and NGL is presented in Bbls/day.