6 unchanged sentences
Due to the historical price volatility of these commodities, from time to time, depending upon our view of opportunities under the then-prevailing current market conditions, we have historically entered into commodity derivative contracts for a portion of our anticipated production volumes for the purpose of reducing the impact of the variability of oil, natural gas and NGL prices.
−Removed: We have used, and may use, a variety of commodity-based derivative contracts, including fixed price swaps, basis swaps and collars.
−Removed: At December 31, 2023, we had no open commodity derivative contracts or obligations to enter into commodity derivative contracts.
+Added: We have used, and may use, a variety of commodity-based derivative contracts, including fixed price swaps, basis swaps and producer costless collars.
+Added: At December 31, 2024, we had the following open commodity derivative contracts:
+Added: Period Type of Derivative Instrument Index (1)
+Added: Daily Volume (Bbl) Weighted Average Price Per Barrel
+Added: January 2025 - December 2025 Swaps Mont Belvieu OPIS 300 $ 39.69
+Added: January 2025 - December 2025 Swaps NYMEX WTI 500 $ 71.60
+Added: January 2026 - June 2026 Swaps NYMEX WTI 300 $ 68.67
+Added: (1) NGL swaps exclude ethane
Because we historically have not designated any of our derivative contracts as hedges for accounting purposes, changes in the fair value of our derivative contracts were recognized as gains and losses in current period earnings.
19 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.