Derivative And Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Derivative And Financial Instruments [Abstract]

Summary Of Derivative Contracts In Place

MTM Fixed Price Swaps – NYMEX (Henry Hub)

	For the Year Ended December 31, 2015 (in Bbls)
	March 31,			June 30,			September 30,			December 31,			Total
		Average			Average			Average			Average			Average
	Volume	Price		Volume	Price		Volume	Price		Volume	Price		Volume	Price
2016	1,098,689	$	4.13	1,048,146	$	4.14	998,394	$	4.14	963,327	$	4.14	4,108,556	$	4.14
2017	80,563	$	3.52	75,829	$	3.52	71,672	$	3.52	67,984	$	3.52	296,048	$	3.52
2018	79,042	$	3.58	75,404	$	3.58	72,115	$	3.58	69,122	$	3.58	295,683	$	3.58
2019	73,432	$	3.62	70,648	$	3.62	68,088	$	3.62	65,720	$	3.62	277,888	$	3.62
													4,978,175

MTM Fixed Price Basis Swaps – West Texas Intermediate (WTI)

	For the Year Ended December 31, 2015 (in Bbls)
	March 31,			June 30,			September 30,			December 31,			Total
		Average			Average			Average			Average			Average
	Volume	Price		Volume	Price		Volume	Price		Volume	Price		Volume	Price
2016	121,005	$	73.53	113,226	$	73.77	106,483	$	73.95	100,525	$	74.10	441,239	$	73.82
2017	57,953	$	64.80	54,554	$	64.80	51,570	$	64.80	48,926	$	64.80	213,003	$	64.80
2018	56,798	$	65.40	54,197	$	65.40	51,851	$	65.40	49,709	$	65.40	212,555	$	65.40
2019	52,760	$	65.65	50,784	$	65.65	48,960	$	65.65	47,264	$	65.65	199,768	$	65.65
													1,066,565

Fair Value for Risk Management Assets and Liabilities

The following table sets forth a reconciliation of the changes in fair value of the Partnership’s commodity derivatives for the year ended December 31, 2015 and the year ended December 31, 2014 (in thousands):

	December 31,		December 31,
	2015		2014
Beginning fair value of commodity derivatives	$	22,829	$	10,601
Net gains on crude oil derivatives		22,410		13,983
Net gains on natural gas derivatives		6,148		5,871
Net settlements on derivative contracts:
Crude oil		(13,191)		69
Natural gas		(7,178)		(7,695)
Ending fair value of commodity derivatives	$	31,018	$	22,829

Schedule Of Effect Of Derivative Instruments On Consolidated Statements Of Operations

The effect of derivative instruments on our consolidated statements of operations was as follows (in thousands):

		Amount of Gain in Income
	Location of Gain	For the Year Ended December 31,
Derivative Type	in Income	2015		2014
Commodity – Mark-to-Market	Oil sales	$	19,147	$	19,854
Commodity – Mark-to-Market	Natural gas sales		6,003		-
		$	25,150	$	19,854

Reconciliation Of Changes In Fair Value Of Embedded Derivative

The following table sets forth a reconciliation of the changes in fair value of the Partnership’s embedded derivative for the year ended December 31, 2015, and the year ended December 31, 2014 (in thousands):

	For the Year Ended December 31,
	2015		2014
Beginning fair value of embedded derivative	$	—	$	—
Initial fair value of embedded derivative - bifurcated from mezzanine equity		(183,095)		—
(Losses) on embedded derivative		(9,982)		—
Ending fair value of embedded derivative	$	(193,077)	$	—