| 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 June 30, 2022:
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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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($/Bbls)(1) |
Jul 2022 - Nov 2022 |
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swaps |
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2,285 |
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349,673 |
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$ |
55.99 |
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$ |
— |
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$ |
— |
Jul 2022 - Nov 2022 |
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collars |
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2,285 |
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349,673 |
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$ |
— |
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$ |
45.38 |
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$ |
63.98 |
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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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($/MMbtu)(2) |
Jul 2022 - Dec 2022 |
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calls |
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111,048 |
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20,432,846 |
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$ |
— |
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$ |
— |
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$ |
7.48 |
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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$ |
7.50 |
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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$ |
6.13 |
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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$ |
5.50 |
Jul 2022 - Dec 2022 |
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collars |
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40,000 |
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7,360,000 |
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$ |
— |
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$ |
1.83 |
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$ |
3.00 |
Jul 2022 - Nov 2022 |
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swaps |
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17,401 |
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2,662,290 |
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$ |
2.50 |
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$ |
— |
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$ |
— |
Jul 2022 - Dec 2022 (3) |
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swaps |
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78,261 |
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14,400,000 |
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$ |
2.58 |
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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 Term Loan (see Note 5 – Subsidiary Borrowers). |
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| Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block] |
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June 30, 2022 |
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December 31, 2021 |
Prepaid expenses and other current assets |
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$ |
25,820 |
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$ |
21,086 |
Other assets (long-term) |
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26,509 |
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34,435 |
Accrued liabilities |
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135,963 |
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81,456 |
Other liabilities (long-term) |
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75,550 |
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37,989 |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
Realized (gain) loss (1) |
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$ |
(79,667) |
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$ |
15,357 |
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$ |
(35,973) |
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$ |
23,602 |
Unrealized loss |
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70,813 |
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66,083 |
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107,116 |
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82,418 |
Derivative (gain) loss |
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$ |
(8,854) |
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$ |
81,440 |
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$ |
71,143 |
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$ |
106,020 |
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(1) |
The three and six months ended June 30, 2022 includes the effect of the $138.0 million realized gain related to the monetization of certain natural gas call contracts through restructuring of strike prices.
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| Schedule of Cash Receipts and Payments on Commodity Derivative Contract Settlements [Table Text Block] |
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Six Months Ended June 30, |
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2022 |
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2021 |
Derivative loss |
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$ |
71,143 |
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$ |
106,020 |
Derivative cash receipts (payments), net (1) |
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70,227 |
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(41,130) |
Derivative cash premium payments |
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(46,111) |
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— |
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(1) |
The six months ended June 30, 2022 includes $105.3 million of net cash receipts related to the monetization of certain natural gas call contracts through restructuring of strike prices.
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