Derivative And Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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	—	$	—	—	$	—	—	$	—	64,568	$	59.83	64,568	$	59.83
2018	70,600	$	59.63	66,432	$	59.71	62,840	$	59.78	59,704	$	59.84	259,576	$	59.74
2019	62,528	$	60.41	59,552	$	60.44	57,024	$	60.48	54,824	$	60.52	233,928	$	60.46
2020	52,776	$	53.50	50,960	$	53.50	49,224	$	53.50	47,624	$	53.50	200,584	$	53.50
													758,656

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	—	$	—	—	$	—	—	$	—	124,160	$	3.79	124,160	$	3.79
2018	132,088	$	3.00	126,600	$	3.00	121,600	$	3.00	117,040	$	3.00	497,328	$	3.00
2019	119,832	$	2.85	115,784	$	2.85	112,032	$	2.85	108,552	$	2.85	456,200	$	2.85
2020	105,104	$	2.85	102,008	$	2.85	99,136	$	2.85	96,200	$	2.85	402,448	$	2.85
													1,480,136

Schedule Of Change In Commodity Derivatives Fair Value

	September 30,		December 31,
	2017		2016
Beginning fair value of commodity derivatives	$	6,436	$	31,018
Net gains (losses) on crude oil derivatives		7,087		(8,355)
Net gains (losses) on natural gas derivatives		497		1,116
Net settlements on derivative contracts:
Crude oil		(6,133)		(13,622)
Natural gas		(2,624)		(6,919)
Net premiums on derivative contracts		—		3,198
Ending fair value of commodity derivatives	$	5,263	$	6,436

Schedule Of Effect Of Derivative Instruments On Consolidated Statements Of Operations

		Amount of Gain (Loss) in Income
	Location of Gain (Loss)	Three Months Ended September 30,				Nine Months Ended September 30,
Derivative Type	in Income	2017		2016		2017		2016
Commodity – Oil Hedges	Oil sales	$	(1,456)	$	(1,032)	$	7,087	$	(4,600)
Commodity – Gas Hedges	Natural gas sales		(228)		2,104		497		1,936
		$	(1,684)	$	1,072	$	7,584	$	(2,664)

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):

	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	$	—