Subsequent Events (Tables)

3 Months Ended

Mar. 31, 2017

Crude Oil [Member]

Derivative [Line Items]

Schedule of Derivative Instruments

The following sets forth a summary of the Company’s crude oil derivative positions at average NYMEX prices as of March 31, 2017:

Period	Type of Contract	Crude Oil Volumes (in Bbls/d)	Weighted Average Floor Price ($/Bbl)		Weighted Average Ceiling Price ($/Bbl)
Q2 2017	Fixed Price Swaps	12,000		$50.13
Q3 2017	Fixed Price Swaps	6,000		$54.15
Q4 2017	Fixed Price Swaps	3,000		$55.01
FY 2018	Sold Call Options	2,488				$60.00
FY 2018	Net Sold Call Options	900				$75.00
FY 2019	Sold Call Options	2,975				$62.50
FY 2019	Net Sold Call Options	900				$77.50
FY 2020	Sold Call Options	3,675			$65.00
FY 2020	Net Sold Call Options	900			$80.00

In April 2017, the Company entered into the following crude oil derivative positions:

Period	Type of Contract	Crude Oil Volumes (in Bbls/d)	Weighted Average Sub-Floor Price ($/Bbl)		Weighted Average Floor Price ($/Bbl)		Weighted Average Ceiling Price ($/Bbl)
Q3 2017	Fixed Price Swaps	6,000				$53.28
Q4 2017	Fixed Price Swaps	6,000				$53.28
FY 2018	Three-Way Collars	6,000		$40.00		$50.00		$65.00