Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Open Crude Oil and Natural Gas Derivative Contracts

The Company had the following open crude oil and natural gas derivative contracts as of December 31, 2016:    

	Price Swaps
Period	Commodity	Volume (Bbls / MMBtu)		Weighted Average Price ($/Bbl / $/MMBtu)
Q1 - Q4 2017	Crude Oil		600,000	$	50.38
Q1 - Q4 2018	Crude Oil		270,000	$	50.70
Q1 - Q4 2017	Natural Gas		1,740,000	$	2.997
Q1 - Q4 2018	Natural Gas		600,000	$	2.907

Schedule of Location and Fair Value Amounts of All Derivative Instruments

The following table summarizes the location and fair value amounts of all derivative instruments in the Consolidated Balance Sheets as well as the gross recognized derivative assets, liabilities, and amounts offset in the Consolidated Balance Sheets (in thousands): 

		December 31, 2016						December 31, 2015
Derivatives not designated as hedging contracts under ASC Topic 815	Balance Sheet Location	Gross Recognized Assets / Liabilities		Gross Amounts Offset		Net Recognized Assets / Liabilities		Gross Recognized Assets / Liabilities		Gross Amounts Offset		Net Recognized Assets / Liabilities
Commoditycontracts	Derivative asset	$	—	$	—	$	—	$	3,694	$	—	$	3,694
Commodity contracts	Derivative liability	$	4,595	$	—	$	4,595	$	—	$	—	$	—
Commodity contracts	Derivative liability	$	1,575	$	—	$	1,575	$	—	$	—	$	—

Summary of Realized and Unrealized Gains and Losses on Derivative Instruments

The follow table summarizes the location and amounts of the Company’s realized and unrealized gains and losses on derivatives instruments in the Company’s Consolidated Statements of Operations (in thousands):

		Years Ended December 31,
		2016			2015		2014
Derivatives not designated as hedging contracts under ASC Topic 815	Statement of Operations Location
Total (loss) gain on commodity contracts	(Loss) gain on derivative contracts, net	$	(9,863	)	$	125	$	3,614
Cash settlements on commodity contracts	(Loss) gain on derivative contracts, net		3,225			6,306		778
(Loss) gain on commodity contracts, net		$	(6,638	)	$	6,431	$	4,392