| Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] |
The following table reflects the contracted volumes and weighted average prices under the terms of the Company’s open derivative contracts as of September 30, 2021:
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Average |
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Instrument |
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Daily |
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Total |
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Weighted |
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Weighted |
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Weighted |
Period |
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Type |
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Volumes |
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Volumes |
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Strike Price |
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Put Price |
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Call Price |
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Crude Oil - WTI (NYMEX) |
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(Bbls)(1) |
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(Bbls)(1) |
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($/Bbls)(1) |
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($/Bbls)(1) |
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($/Bbls)(1) |
Oct 2021 - Dec 2021 |
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swaps |
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4,000 |
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368,000 |
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$ |
42.06 |
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$ |
— |
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$ |
— |
Jan 2022 - Nov 2022 |
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swaps |
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2,525 |
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843,256 |
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$ |
49.99 |
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$ |
— |
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$ |
— |
Oct 2021 - Dec 2021 |
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collars |
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1,762 |
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162,084 |
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$ |
— |
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$ |
39.55 |
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$ |
58.12 |
Jan 2022 - Nov 2022 |
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collars |
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2,428 |
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811,096 |
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$ |
— |
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$ |
41.71 |
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$ |
58.91 |
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Natural Gas - Henry Hub (NYMEX) |
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(MMbtu)(2) |
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(MMbtu)(2) |
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($/MMbtu)(2) |
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($/MMbtu)(2) |
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($/MMbtu)(2) |
Oct 2021 - Dec 2021 |
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calls |
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80,000 |
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7,360,000 |
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$ |
— |
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$ |
— |
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$ |
3.25 |
Jan 2022 - Dec 2022 |
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calls |
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77,000 |
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28,105,000 |
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$ |
— |
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$ |
— |
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$ |
3.24 |
Jan 2023 - Dec 2023 |
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calls |
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70,000 |
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25,550,000 |
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$ |
— |
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$ |
— |
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$ |
3.50 |
Jan 2024 - Dec 2024 |
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calls |
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65,000 |
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23,790,000 |
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$ |
— |
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$ |
— |
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$ |
3.50 |
Jan 2025 - Mar 2025 |
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calls |
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62,000 |
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5,580,000 |
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$ |
— |
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$ |
— |
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$ |
3.50 |
Oct 2021 - Dec 2021 |
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collars |
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70,000 |
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6,440,000 |
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$ |
— |
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$ |
1.98 |
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$ |
3.00 |
Jan 2022 - Dec 2022 |
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collars |
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47,370 |
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17,290,000 |
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$ |
— |
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$ |
1.89 |
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$ |
3.17 |
Oct 2021 - Dec 2021 |
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swaps |
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10,000 |
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920,000 |
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$ |
2.62 |
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$ |
— |
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$ |
— |
Oct 2021 - Dec 2021 (3) |
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swaps |
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81,522 |
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7,500,000 |
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$ |
3.06 |
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$ |
— |
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$ |
— |
Jan 2022 - Nov 2022 |
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swaps |
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17,160 |
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5,731,485 |
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$ |
2.60 |
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$ |
— |
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$ |
— |
Jan 2022 - Dec 2022 (3) |
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swaps |
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78,904 |
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28,800,000 |
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$ |
2.69 |
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$ |
— |
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$ |
— |
Jan 2023 - Dec 2023 (3) |
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swaps |
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72,329 |
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26,400,000 |
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$ |
2.48 |
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$ |
— |
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$ |
— |
Jan 2024 - Dec 2024 (3) |
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swaps |
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65,574 |
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24,000,000 |
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$ |
2.46 |
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$ |
— |
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$ |
— |
Jan 2025 - Mar 2025 (3) |
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swaps |
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63,333 |
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5,700,000 |
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$ |
2.72 |
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$ |
— |
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$ |
— |
Apr 2025 - Dec 2025 (3) |
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puts |
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62,182 |
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17,100,000 |
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$ |
— |
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$ |
2.27 |
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$ |
— |
Jan 2026 - Dec 2026 (3) |
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puts |
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55,890 |
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20,400,000 |
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$ |
— |
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$ |
2.35 |
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$ |
— |
Jan 2027 - Dec 2027 (3) |
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puts |
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52,603 |
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19,200,000 |
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$ |
— |
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$ |
2.37 |
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$ |
— |
Jan 2028 - Apr 2028 (3) |
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puts |
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49,587 |
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6,000,000 |
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$ |
— |
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$ |
2.50 |
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$ |
— |
(2) |
MMbtu – Million British Thermal Units |
(3) |
These contracts were entered into by the Company’s wholly owned subsidiary, A-I LLC, in conjunction with the Mobile Bay Transaction (see Note 4 Mobile Bay Transaction). |
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| Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block] |
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September 30, |
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December 31, |
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2021 |
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2020 |
Prepaid expenses and other current assets |
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$ |
52,327 |
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$ |
2,752 |
Other assets (long-term) |
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44,920 |
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2,762 |
Accrued liabilities |
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159,538 |
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13,620 |
Other liabilities (long-term) |
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55,467 |
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4,384 |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
Realized loss (gain) |
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$ |
30,026 |
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$ |
(1,951) |
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$ |
53,627 |
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$ |
(33,921) |
Unrealized loss (gain) |
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43,111 |
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13,112 |
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125,529 |
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(1,416) |
Derivative loss (gain) |
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$ |
73,137 |
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$ |
11,161 |
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$ |
179,156 |
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$ |
(35,337) |
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