8 unchanged sentences
At December 31, 2025, we had the following open commodity derivative contracts:
−Removed: Period Type of Derivative Instrument Index (1)
−Removed: Daily Volume (Bbl) Weighted Average Price Per Barrel
−Removed: January 2025 - December 2025 Swaps Mont Belvieu OPIS 300 $ 39.69
−Removed: January 2025 - December 2025 Swaps NYMEX WTI 500 $ 71.60
−Removed: January 2026 - June 2026 Swaps NYMEX WTI 300 $ 68.67
−Removed: (1) NGL swaps exclude ethane
+Added: Period Index Daily Volume Weighted Average Price
+Added: Fixed Price Swaps January 2026 - June 2026 NYMEX WTI 300 $68.67
+Added: Natural Gas (MMBtu)
+Added: Fixed Price Swaps January 2026 - December 2026 NYMEX Henry Hub 11,797 $4.16
+Added: Producer Costless Collars January 2026 - December 2026 NYMEX Henry Hub 4,500 $3.35 Put / $5.35 Call
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.
1 unchanged sentence
Changes in fair value were principally measured based on a comparison of future prices to the contract price at the end of the period.
−Removed: The following table summarizes derivative activity for the years ended December 31, 2024 and 2023 (in thousands):
+Added: The following table summarizes derivative activity (in thousands):
Year Ended December 31,
15 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.