Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Entity Information [Line Items]

Schedule of Derivative Instruments

The following table summarizes the approximate volumes and average contract prices of swap contracts the Company had in place as of December 31, 2016:

	2017			2018
Crude Oil Swaps:
Notional volume (Bbl)	675,250			36,500
Weighted average fixed price ($/Bbl)	$	50.41		$	55.95
Crude Oil Basis Swaps:
Notional volume (Bbl)	127,750			—
Weighted average fixed price ($/Bbl)	$	(0.20	)	$	—
Natural Gas Swaps:
Notional volume (MMBtu)	1,460,000			—
Weighted average fixed price ($/MMBtu)	$	2.94		$	—

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following tables below summarize the gross fair value of derivative assets and liabilities and the effect of netting on the consolidated balance sheets (in thousands):

	Successor
	December 31, 2016
	Balance Sheet Classification	Gross Amounts		Netting Adjustments			Net Amounts Presented on the Consolidated Balance Sheets
Assets
Derivative instruments	Current assets	$	739	$	(308	)	$	431
Derivative instruments	Noncurrent assets	—		—			—
Total assets		$	739	$	(308	)	$	431
Liabilities
Derivative instruments	Current liabilities	$	5,669	$	(308	)	$	5,361
Derivative instruments	Noncurrent Liabilities	20		—			20
Total liabilities		$	5,689	$	(308	)	$	5,381

	Predecessor
	December 31, 2015
	Balance Sheet Classification	Gross Amounts		Netting Adjustments			Net Amounts Presented on the Consolidated Balance Sheets
Assets
Derivative instruments	Current assets	$	19,469	$	(426	)	19,043
Derivative instruments	Noncurrent assets	2,071		(1		)	2,070
Total assets		$	21,540	$	(427	)	$	21,113

Derivative Instruments, Gain (Loss)

The following table presents gains and losses for derivative instruments not designated as hedges for accounting purposes for the periods presented:

	Successor			Predecessor
	October 11, 2016 through December 31, 2016			January 1, 2016 through October 10, 2016			Year Ended December 31,
							2015		2014
(Loss) gain on derivative instruments	$	(1,548	)	$	(6,838	)	$	20,756	$	41,943