| 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, 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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($/Bbls)(1) |
Jul 2022 - Nov 2022 |
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swaps |
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2,174 |
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132,612 |
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$ |
58.38 |
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$ |
— |
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$ |
— |
Jul 2022 - Nov 2022 |
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collars |
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2,174 |
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132,612 |
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$ |
— |
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$ |
46.00 |
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$ |
66.40 |
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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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($/MMbtu)(2) |
Jul 2022 - Dec 2022 |
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calls |
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108,647 |
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9,995,479 |
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$ |
— |
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$ |
— |
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$ |
7.42 |
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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3,680,000 |
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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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16,838 |
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1,027,099 |
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$ |
2.60 |
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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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7,200,000 |
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$ |
2.63 |
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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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September 30, 2022 |
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December 31, 2021 |
Prepaid expenses and other current assets |
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$ |
28,747 |
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$ |
21,086 |
Other assets (long-term) |
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35,656 |
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34,435 |
Accrued liabilities |
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116,008 |
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81,456 |
Other liabilities (long-term) |
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75,079 |
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37,989 |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2022 |
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2021 |
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2022 |
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2021 |
Realized loss(1) |
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$ |
132,289 |
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$ |
30,026 |
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$ |
96,315 |
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$ |
53,627 |
Unrealized (gain) loss |
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(93,540) |
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43,111 |
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13,577 |
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125,529 |
Derivative loss |
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$ |
38,749 |
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$ |
73,137 |
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$ |
109,892 |
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$ |
179,156 |
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(1) |
The nine months ended September 30, 2022 includes the effect of the $138.0 million realized gain related to the monetization of certain natural gas call contracts through restructuring of strike prices which occurred in June 2022.
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| Schedule of Cash Receipts and Payments on Commodity Derivative Contract Settlements [Table Text Block] |
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Nine Months Ended September 30, |
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2022 |
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2021 |
Derivative loss |
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$ |
109,892 |
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$ |
179,156 |
Derivative cash (payments) receipts, net(1) |
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(1,022) |
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(39,554) |
Derivative cash premium payments |
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(46,111) |
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(32,368) |
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(1) |
The nine months ended September 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 which occurred in June 2022.
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