Derivative And Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Derivative And Financial Instruments

Summary Of Derivative Contracts In Place

Fixed Price Basis Swaps – West Texas Intermediate (WTI)

	Three Months Ended (volume 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
2019	—	$	—	59,552	$	60.44	57,024	$	60.48	54,824	$	60.52	171,400	$	60.48
2020	52,776	$	53.50	50,960	$	53.50	49,224	$	53.50	47,624	$	53.50	200,584	$	53.50
													371,984

Fixed Price Swaps – NYMEX (Henry Hub)

	Three Months Ended (volume in MMBtu)
	March 31,			June 30,			September 30,			December 31,			Total
		Average			Average			Average			Average			Average
	Volume	Price		Volume	Price		Volume	Price		Volume	Price		Volume	Price
2019	—	$	—	115,784	$	2.85	112,032	$	2.85	108,552	$	2.85	336,368	$	2.85
2020	105,104	$	2.85	102,008	$	2.85	99,136	$	2.85	96,200	$	2.85	402,448	$	2.85
													738,816

Reconciliation Of Changes In Fair Value Of Derivatives

	Three Months Ended (volume in MMBtu)
	March 31,			June 30,			September 30,			December 31,			Total
		Average			Average			Average			Average			Average
	Volume	Price		Volume	Price		Volume	Price		Volume	Price		Volume	Price
2019	—	$	—	115,784	$	2.85	112,032	$	2.85	108,552	$	2.85	336,368	$	2.85
2020	105,104	$	2.85	102,008	$	2.85	99,136	$	2.85	96,200	$	2.85	402,448	$	2.85
													738,816

The following table sets forth a reconciliation of the changes in fair value of the Partnership’s commodity derivatives for the three months ended March 31, 2019 and the year ended December 31, 2018 (in thousands):

	Three Months Ended		Year Ended
	March 31, 2019		December 31, 2018
Beginning fair value of commodity derivatives	$	3,914	$	1,231
Net gains (losses) on crude oil derivatives		(4,484)		1,400
Net losses on natural gas derivatives		(40)		(84)
Net settlements paid (received) on derivative contracts:
Oil		(347)		1,330
Natural gas		37		37
Ending fair value of commodity derivatives	$	(920)	$	3,914

Schedule Of Effect Of Derivative Instruments On Consolidated Statements Of Operations

	Three Months Ended		Year Ended
	March 31, 2019		December 31, 2018
Beginning fair value of commodity derivatives	$	3,914	$	1,231
Net gains (losses) on crude oil derivatives		(4,484)		1,400
Net losses on natural gas derivatives		(40)		(84)
Net settlements paid (received) on derivative contracts:
Oil		(347)		1,330
Natural gas		37		37
Ending fair value of commodity derivatives	$	(920)	$	3,914

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

	Location of Gain(Loss)	Three Months Ended March 31,
Derivative Type	in Income	2019		2018
Commodity – Mark-to-Market	Oil sales	$	(4,484)	$	(1,939)
Commodity – Mark-to-Market	Natural gas sales		(40)		2
		$	(4,524)	$	(1,937)