Risk Management (Tables)

12 Months Ended

Dec. 31, 2018

RISK MANAGEMENT [Abstract]

Commodity Contracts

After the Effective Date, the Company entered into new commodity derivative contracts. As of December 31, 2018, the Company had entered derivatives with the following terms:

		Weighted Average
Period Covered	Hedged Volume	Fixed Price
Oil (MBbls):
Swaps - January 2019 to December 2019	1,022.0	$	63.02
Swaps - January 2020 to December 2020	732.0	$	60.51
Natural Gas (MMBtus):
Swaps - January 2019 to December 2019	31,025.0	$	2.77
Natural Gas Liquids (MBbls):
Swaps - January 2019 to December 2019	1,095.0	$	18.58
Swaps - January 2020 to December 2020	768.6	$	17.68

Fair Value of Derivatives

The following table sets forth the fair values and classification of the Company’s outstanding derivatives:

	Successor
					Net Amounts
	Gross		Gross Amounts		of Assets
	Amount of		Offset in the		Presented in the
	Recognized		Consolidated		Consolidated
	Assets		Balance Sheet		Balance Sheet
As of December 31, 2018:
Derivative asset	$	18,048	$	(2,596)	$	15,452
Long-term derivative asset		8,565		(66)		8,499
Total	$	26,613	$	(2,662)	$	23,951
Derivative liability	$	3,761	$	(2,596)	$	1,165
Long-term derivative liability		66		(66)		—
Total	$	3,827	$	(2,662)	$	1,165

	Predecessor
					Net Amounts
	Gross		Gross Amounts		of Liabilities
	Amounts of		Offset in the		Presented in the
	Recognized		Consolidated		Consolidated
	Liabilities		Balance Sheet		Balance Sheet
As of December 31, 2017:
Derivative asset	$	3,402	$	(350)	$	3,052
Derivative liability	$	746	$	(350)	$	396