Derivative And Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative And Financial Instruments

Summary Of Derivative Contracts In Place

Fixed Price Basis Swaps–West Texas Intermediate (WTI)

	March 31,			June 30,			September 30,			December 31,			Total
	Volume	Average		Volume	Average		Volume	Average		Volume	Average		Volume	Average
	(Bbls)	Price		(Bbls)	Price		(Bbls)	Price		(Bbls)	Price		(Bbls)	Price
2017	—	$	—	94,005	$	61.25	87,304	$	61.42	81,702	$	61.55	263,011	$	61.40
2018	88,854	$	60.82	83,976	$	60.90	79,683	$	60.96	75,864	$	61.02	328,377	$	60.92
2019	78,667	$	61.48	75,326	$	61.53	72,279	$	61.57	69,480	$	61.61	295,752	$	61.54
2020	66,914	$	53.50	64,477	$	53.50	62,251	$	53.50	60,224	$	53.50	253,866	$	53.50
													1,141,006

Fixed Price Swaps—NYMEX (Henry Hub)

	March 31,			June 30,			September 30,			December 31,			Total
	Volume	Average		Volume	Average		Volume	Average		Volume	Average		Volume	Average
	(MMBtu)	Price		(MMBtu)	Price		(MMBtu)	Price		(MMBtu)	Price		(MMBtu)	Price
2017	—	$	—	287,439	$	5.45	271,368	$	5.45	257,234	$	5.45	816,041	$	5.45
2018	260,841	$	3.18	248,018	$	3.18	235,810	$	3.18	225,208	$	3.18	969,877	$	3.18
2019	224,303	$	3.10	214,186	$	3.10	205,533	$	3.10	197,455	$	3.10	841,477	$	3.10
2020	188,696	$	2.85	176,946	$	2.85	170,637	$	2.85	164,747	$	2.85	701,026	$	2.85
													3,328,421

Schedule Of Change In Commodity Derivatives Fair Value

	March 31,		December 31,
	2017		2016
Beginning fair value of commodity derivatives	$	6,435	$	31,018
Net gains (losses) on crude oil derivatives		5,495		(8,355)
Net gains on natural gas derivatives		560		1,116
Net settlements on derivative contracts:
Crude oil		(929)		(13,622)
Natural gas		(646)		(6,919)
Net premiums on derivative contracts		—		3,197
Ending fair value of commodity derivatives	$	10,915	$	6,435

Schedule Of Effect Of Derivative Instruments On Consolidated Statements Of Operations

		Three Months Ended March 31,
Derivative Type	Location of Gain in Income	2017		2016
Commodity – Oil Hedges	Oil sales	$	5,495	$	2,692
Commodity – Gas Hedges	Natural gas sales		560		1,298
		$	6,055	$	3,990

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, 2016 (in thousands):

	Year ended
	December 31, 2016
Beginning fair value of embedded derivative	$	(193,077)
Gain on embedded derivative		47,794
Transfer to mezzanine equity		145,283
Ending fair value of embedded derivative	$	—