Long-Term Incentive Plans (Tables)

9 Months Ended

Sep. 30, 2019

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Information Regarding Restricted Stock Unit Awards

The following table summarizes the Midstates non-vested restricted stock unit award activity for the period presented:

				Weighted-
				Average Grant
	Number of			Date Fair Value
	Units			per Unit (1)
Midstates non-vested restricted stock units outstanding at August 6, 2019		353,464		$	12.25
Granted		—		$	—
Forfeited		—		$	—
Vested		(327,802	)	$	12.02
Midstates non-vested restricted stock units outstanding at September 30, 2019		25,662		$	15.23

Summary of Amount of Compensation Expense Recognized

The following table summarizes the amount of recognized compensation expense associated with the MIP and Directors Compensation Plan, which are reflected in the accompanying Unaudited Condensed Statements of Consolidated Operations for the periods presented (in thousands):

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Equity classified awards
TSUs	$	650	$	490	$	1,852	$	601
PSUs		120		495		825		747
Board RSUs		58		44		221		98
Restricted stock options		—		39		—		115
	$	828	$	1,068	$	2,898	$	1,561

Summary of Non-vested Stock Option Activity

The following table summarizes the Midstates 2016 LTIP non-vested stock option activity for the period presented:

				Weighted-
				Average Grant
	Number of			Date Fair Value
	Units			per Unit (1)
Midstates stock options outstanding at August 6, 2019		54,365		$	19.68
Granted		—		$	—
Forfeited		—		$	—
Vested		(50,870	)	$	19.68
Midstates stock options outstanding at September 30, 2019		3,495		$	19.66

2017 Non-Employee Directors Compensation Plan [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Information Regarding Restricted Stock Unit Awards

The following table summarizes information regarding the Board RSUs granted under the Directors Compensation Plan for the period presented:

				Weighted-
				Average Grant
	Number of			Date Fair Value
	Units			per Unit (1)
Board RSUs outstanding at December 31, 2018		36,955		$	11.36
Granted (2)		40,060		$	6.95
Forfeited		—		$	—
Vested		(46,396	)	$	9.54
Board RSUs outstanding at September 30, 2019		30,619		$	8.35

(1) Determined by dividing the aggregate grant date fair value of awards by the number of awards issued.

(2) The aggregate grant date fair value of Board RSUs issued for the nine months ended September 30, 2019 was $0.3 million based on grant date market price of $6.95 per share.

TSUs [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Information Regarding Restricted Stock Unit Awards

The following table summarizes information regarding the TSUs granted under the MIP for the period presented:

				Weighted-
				Average Grant
	Number of			Date Fair Value
	Units			per Unit (1)
TSUs outstanding at December 31, 2018		557,963		$	11.41
Granted (2)		280,416		$	6.80
Forfeited		(35,596	)	$	11.13
Vested		(444,142	)	$	9.01
TSUs outstanding at September 30, 2019		358,641		$	10.71

(1) Determined by dividing the aggregate grant date fair value of awards by the number of awards issued.

(2) The aggregate grant date fair value of TSUs issued for the nine months ended September 30, 2019 was $1.9 million based on a grant date market price ranging from $4.48 to $8.70 per share.

PSUs [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Information Regarding Restricted Stock Unit Awards

The following table summarizes information regarding the PSUs granted under the MIP for the period presented:

				Weighted-
				Average Grant
	Number of			Date Fair Value
	Units			per Unit (1)
PSUs outstanding at December 31, 2018		367,141		$	8.14
Granted (2)		16,562		$	4.06
Forfeited		(44,552	)	$	7.59
Vested		—		$	—
PSUs outstanding at September 30, 2019		339,151		$	8.01

(1) Determined by dividing the aggregate grant date fair value of awards by the number of awards issued.

(2) The aggregate grant date fair value of PSUs issued for the nine months ended September 30, 2019 was less than $0.1 million based on a calculated fair value price ranging from $1.64 to $6.76 per share.

Schedule of Fair Value Assumptions for PSUs

A Monte Carlo simulation was used in order to determine the fair value of these awards at the grant date.

The assumptions used to estimate the fair value of the PSUs are as follows:

Share price targets	$	12.50		$	15.00		$	17.50
Risk-free interest rate:
Awards Issued on January 1, 2019		2.44	%		2.44	%		2.44	%
Awards Issued on April 1, 2019		2.28	%		2.28	%		2.28	%
Awards Issued on July 1, 2019		1.73	%		1.73	%		1.73	%
Dividend yield		—			—			—
Expected volatility:
Awards Issued on January 1, 2019		54.0	%		54.0	%		54.0	%
Awards Issued on April 1, 2019		50.0	%		50.0	%		50.0	%
Awards Issued on July 1, 2019		57.0	%		57.0	%		57.0	%
Calculated fair value per PSU:
Awards Issued on January 1, 2019	$	6.76		$	5.86		$	5.11
Awards Issued on April 1, 2019	$	4.22		$	3.43		$	2.80
Awards Issued on July 1, 2019	$	2.63		$	2.05		$	1.64