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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Commodity Derivative Activity and Presentation in Condensed Statements of Operations

The following table summarizes the commodity derivative activity and presentation in the condensed statements of operations for the periods indicated:

 

 

Three Months Ended

  

Six Months Ended

 

 

June 30,

  

June 30,

 

 

2016

 

2015

  

2016

 

  

2015

 

Gains reclassified from accumulated other comprehensive income into natural gas and oil revenues

$

(700)

 

$

4,800

  

$

(1,300)

  

  

$

10,100

 

(Loss) gain subsequent to hedge accounting recognized in gain on mark-to-market derivatives

$

(7,800)

 

$

(5,500)

 

$

(1,100)

 

 

$

400

 

 

Commodity Derivatives

At June 30, 2016, the Partnership had the following commodity derivatives:

Natural Gas Put Options

 

Production
Period Ending
December 31,

  

Volumes(3)

 

  

Average Fixed Price

 

  

Fair Value
Asset (2)

 

 

  

(MMBtu) (1)

 

  

(per MMBtu) (1)

 

  

 

 

2016

  

 

12,800 

 

  

 

$4.15

 

  

$

14,500

  

 

(1)

“MMBtu” represents million British Thermal Units.

(2)

Fair value based on forward NYMEX natural gas prices, as applicable.

(3)

The production volume for 2016 include the remaining six months of 2016 beginning July 1, 2016.