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Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Gains or Losses Recognized Within Statements of Operations for Derivative Instruments Previously Designated as Cash Flow Hedges

 

The following table summarizes the gains or losses recognized within the statements of operations for derivative instruments previously designated as cash flow hedges for the periods indicated:

 

 

  

Three Months Ended

 

 

  

March 31,

 

 

  

2016

 

  

2015

 

Gains reclassified from accumulated other comprehensive income into natural gas and oil revenues

  

$

200

 

  

$

1,600

 

Gains subsequent to hedge accounting recognized in gain on mark-to-market derivatives

 

$

2,300

 

 

$

2,000

 

 

Commodity Derivatives

At March 31, 2016, the Partnership had the following commodity derivatives:

Natural Gas Put Options

 

Production
Period Ending
December 31,

  

Volumes

 

  

Average
Fixed Price

 

  

Fair Value
Asset (2)

 

 

  

(MMBtu) (1)

 

  

(per MMBtu) (1)

 

  

 

 

2016

  

 

6,100 

 

  

 

4.15 

 

  

$

11,700

  

 

(1)

“MMBtu” represents million British Thermal Units.

(2)

Fair value based on forward NYMEX natural gas prices, as applicable.