Derivative Instruments And Hedging Activities (Tables)

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2014

Mar. 31, 2015

Jun. 30, 2015

Derivative Instruments and Hedging Activities [Abstract]

Schedule of Derivative Instruments Outstanding

The following tables set forth our derivative instruments outstanding as of September 30, 2014.

Oil Contracts

	Fixed-Price Swaps
	Daily Average				Average
	Volume		Volume		Swap Price
Remaining Contract Term	(Bbls)		(Bbls)		($/Bbl)
October 2014 - December 2014		7,744		712,450		91.95
January 2015 - December 2015		1,500		547,500		97.70

Gas Contracts

	Type				Average		Weighted Average Contract Price ($/Mmbtu)
	of		Volume		Swap Price		Sub
Remaining Contract Term	Contract		(Mmbtu)		($/Mmbtu)		Floor	Floor	Ceiling
October 2014 - December 2014		Three-Way Collars		703,000			3.25	4.00	4.76
October 2014 - December 2014		Put Spreads		217,000			3.25	4.00
October 2014 - December 2014		Fixed Price Swaps		460,000		4.01
January 2015 - December 2015		Fixed Price Swaps		1,569,500		4.31

The following tables set forth our derivative instruments outstanding as of December 31, 2014.  See Note 13 for information regarding derivative instruments entered subsequent to December 31, 2014.

Gas Contracts

	Type				Swap
	of		Volume		Fixed Price
Remaining Contract Term	Contract		(Mmbtu)		($/Mmbtu)
January 2015 - December 2015		Fixed Price Swaps		1,569,500		4.31

The following tables set forth our derivative instruments outstanding as of March 31, 2015.

Oil Contracts

Type

Weighted Average Contract Price

of

Volume

Remaining Contract Term

Contract

Index

(MMBtu)

Sub Floor

Floor

Ceiling

April 2015 - December 2015

Three-Way Collars

ARGUS-LLS

1,925

$

32.86

$

45.00

$

75.71

Gas Contracts

	Type						Swap
	of				Volume		Fixed Price
Remaining Contract Term	Contract		Index		(MMBtu)		($/Mmbtu)
April 2015 - December 2015		Fixed Price Swaps		NYMEX-HH		1,183	$	4.31

The following table sets forth our derivative instrument outstanding as of June 30, 2015:

Oil Contracts

Type

Weighted Average Contract Price

of

Volume

Remaining Contract Term

Contract

Index

(MBbls)

Sub Floor

Floor

Ceiling

July 2015 - December 2015

Three-Way Collars

ARGUS-LLS

2,024

$

32.73

$

45.00

$

75.45

Gas Contracts

	Type						Swap
	of				Volume		Fixed Price
Remaining Contract Term	Contract		Index		(MMBtu)		($/Mmbtu)
July 2015 - December 2015		Fixed Price Swaps		NYMEX-HH		791	$	4.31

Components of Gain (Loss) on Derivative Instruments

The effect of derivative instruments on our condensed consolidated statement of operations was as follows:

	SUCESSOR COMPANY		PREDECESSOR COMPANY
	Three Months Ended September 30,		Three Months Ended September 30,
Gain (loss) on derivative financial instruments	2014		2013
Cash settlements, net of purchased put premium	$	1,812	$	(3,534)
Proceeds from monetizations		-		-
Unrealized change in fair value		20,045		(26,478)
Total gain (loss) on derivative financial instruments	$	21,857	$	(30,012)

The effect of derivative financial instruments on our condensed consolidated statements of operations was as follows:

	SUCCESSOR COMPANY				PREDECESSOR COMPANY
	Three Months Ended December 31,		Six Months Ended December 31,		Three Months Ended December 31,		Six Months Ended December 31,
Gain (loss) on derivative financial instruments	2014		2014		2013		2013
Cash settlements, net of purchased put premium	$	23,091	$	24,903	$	(3,623)	$	(7,156)
Proceeds from monetizations		4,559		4,559		-		-
Unrealized change in fair value		(5,388)		14,657		(21,705)		(48,184)
Total gain (loss) on derivative financial instruments	$	22,262	$	44,119	$	(25,328)	$	(55,340)

The effect of derivative financial instruments on our condensed consolidated statements of operations was as follows:

	SUCCESSOR COMPANY				PREDECESSOR COMPANY
	Three Months Ended March 31,		Nine Months Ended March 31,		Three Months Ended March 31,		Nine Months Ended March 31,
Gain (loss) on derivative financial instruments	2015		2015		2014		2014
Cash settlements, net of purchased put premium	$	(19)	$	24,884	$	3,746	$	(3,409)
Proceeds from monetizations		-		4,559		-		-
Unrealized change in fair value		(1,614)		13,043		(16,888)		(65,073)
Total gain (loss) on derivative financial instruments		(1,633)		42,486		(13,142)		(68,482)

	Type						Swap
	of				Volume		Fixed Price
Remaining Contract Term	Contract		Index		(MMBtu)		($/Mmbtu)
July 2015 - December 2015		Fixed Price Swaps		NYMEX-HH		791	$	4.31

The effect of derivative financial instruments on our condensed consolidated statements of operations was as follows:

	SUCCESSOR COMPANY				PREDECESSOR COMPANY
	Year Ended June 30,		Period from June 4, 2014 through June 30,		Period from January 1, 2014 through June 3,		Years Ended December 31,
	2015		2014		2014		2013		2012
Gain (loss) on derivative financial instruments
Cash settlements, net of purchased put premium amortization		24,417		(1,551)		(26,416)		(11,477)		(3,814)
Proceeds from monetizations		4,559		-		-		-		-
Unrealized change in fair value		11,106		(9,528)		6,996		(20,884)		(9,491)
Total gain (loss) on derivative financial instruments		40,082		(11,079)		(19,420)		(32,361)		(13,305)