| Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] |
| Crude Oil: Open Swap Contracts, Priced off WTI (NYMEX) |
|
| Period |
|
Notional Quantity (Bbls/day) |
|
|
Notional Quantity (Bbls) |
|
|
Weighted Strike Price |
|
| Jan 2021 - Dec 2021 |
|
|
4,000 |
|
|
|
1,460,000 |
|
|
$ |
42.06 |
|
| Jan 2022 - Feb 2022 |
|
|
3,000 |
|
|
|
177,000 |
|
|
$ |
42.98 |
|
| Mar 2022 - May 2022 |
|
|
2,044 |
|
|
|
188,006 |
|
|
$ |
42.33 |
|
| Crude Oil: Open Collar Contracts - Priced off WTI (NYMEX) |
|
| Period |
|
Notional Quantity (Bbls/day) |
|
|
Notional Quantity (Bbls) |
|
|
Put Option Weighted Strike Price (Bought) |
|
|
Call Option Weighted Strike Price (Sold) |
|
| Jan.2021 - Feb 2022 |
|
|
1,770 |
|
|
|
750,422 |
|
|
$ |
35.00 |
|
|
$ |
50.00 |
|
| Mar 2022 - May 2022 |
|
|
2,000 |
|
|
|
184,000 |
|
|
$ |
35.00 |
|
|
$ |
48.50 |
|
| Natural Gas: Open Call Contracts, Bought, Priced off Henry Hub (NYMEX) |
|
| Period |
|
Notional Quantity (MMBtu/day) |
|
|
Notional Quantity (MMBtu) |
|
|
Strike Price |
|
| Feb 2021 - Dec. 2022 |
|
|
40,000 |
|
|
|
27,960,000 |
|
|
$ |
3.00 |
|
| Natural Gas: Open Swap Contracts, Bought, Priced off Henry Hub (NYMEX) |
|
| Period |
|
Notional Quantity (MMBtu/day) |
|
|
Notional Quantity (MMBtu) |
|
|
Strike Price |
|
| Jan 2021 - Dec 2021 |
|
|
10,000 |
|
|
|
3,650,000 |
|
|
$ |
2.62 |
|
| Jan 2022 |
|
|
20,000 |
|
|
|
620,000 |
|
|
$ |
2.79 |
|
| Feb 2022 |
|
|
30,000 |
|
|
|
840,000 |
|
|
$ |
2.79 |
|
| Mar 2022 - May 2022 |
|
|
10,544 |
|
|
|
970,075 |
|
|
$ |
2.69 |
|
| Natural Gas: Open Collar Contracts, Priced off Henry Hub (NYMEX) |
|
| Period |
|
Notional Quantity (MMBtu/day) |
|
|
Notional Quantity (MMBtu) |
|
|
Put Option Weighted Strike Price (Bought) |
|
|
Call Option Weighted Strike Price (Sold) |
|
| Jan 2021 - Dec 2022 |
|
|
40,000 |
|
|
|
29,200,000 |
|
|
$ |
1.83 |
|
|
$ |
3.00 |
|
| Jan 2021 - Dec 2021 |
|
|
30,000 |
|
|
|
10,950,000 |
|
|
$ |
2.18 |
|
|
$ |
3.00 |
|
| Jan 2022 - Feb 2022 |
|
|
30,000 |
|
|
|
1,770,000 |
|
|
$ |
2.20 |
|
|
$ |
4.50 |
|
| Mar 2022 - May 2022 |
|
|
10,000 |
|
|
|
92,000 |
|
|
$ |
2.25 |
|
|
$ |
3.40 |
|
|
| Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block] |
| |
|
December 31, |
|
| |
|
2020 |
|
|
2019 |
|
| Prepaid and other assets – current |
|
$ |
2,752 |
|
|
$ |
7,266 |
|
| Other assets – non-current |
|
|
2,762 |
|
|
|
2,653 |
|
| Accrued liabilities |
|
|
13,620 |
|
|
|
1,785 |
|
| |
|
Year Ended December 31, |
|
| |
|
2020 |
|
|
2019 |
|
|
2018 |
|
| Derivative loss (gain) |
|
$ |
(23,808 |
) |
|
$ |
59,887 |
|
|
$ |
(53,798 |
) |
|