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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Assets Measured at Fair Value on a Recurring Basis

Information for assets measured at fair value at March 31, 2016 and December 31, 2015 was as follows:

 

 

  

Level 1

 

  

Level 2

 

  

Level 3

 

  

Total

 

As of March 31, 2016

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Derivative assets, gross

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Commodity puts

  

$

-

  

  

$

11,700

  

  

$

-

  

  

$

11,700

 

 

 

  

Level 1

 

  

Level 2

 

  

Level 3

 

  

Total

 

As of December 31, 2015

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Derivative assets, gross

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Commodity puts

  

$

-

  

  

$

13,400

  

  

$

-

  

  

$

13,400