DERIVATIVE INSTRUMENTS AND PRICE RISK MANAGEMENT - Gains/Losses on Derivatives (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||
Gain on Settled Commodity Derivatives | $ 43,837 | $ 18,386 | $ 152,782 | $ 35,666 |
Gain (Loss) on Unsettled Commodity Derivatives | (70,198) | 57,506 | 124,800 | (62,806) |
Gain (Loss) on Commodity Derivatives, Net | $ (26,361) | $ 75,892 | $ 277,582 | $ (27,139) |
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- Definition Derivative, Gain (Loss) On Derivative, Commodity Contracts, Net No definition available.
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- References No definition available.
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- Definition The difference between the book value and the sale price of agreements to purchase or sell mineral resources, energy, and agricultural products at some future point. This element refers to the gain (loss) included in earnings and not to the cash proceeds. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of open agreements to purchase or sell mineral resources, energy, and agricultural products at some future point held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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