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Derivatives (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Non-designated Hedges Outstanding [Table Text Block]
At December 31, 2015, the following non-designated hedges were outstanding:
Term
 
Commodity
 
Contracted Volume
 
Weighted Average 
Fixed Price for Swaps
 
Contracted Market
Jan’16 – Dec’16
 
Natural gas – swap
 
35,000 MMBtu/day
 
$2.625
 
IF – NYMEX (HH)
Jan’16 – Dec'16
 
Natural gas – collar
 
42,000 MMBtu/day
 
$2.40 - $2.88
 
IF – NYMEX (HH)
Jan’16 – Dec'16
 
Natural gas – three-way collar
 
13,500 MMBtu/day
 
$2.70 - $2.20 - $3.26
 
IF – NYMEX (HH)
Jan’17 – Dec'17
 
Natural gas – three-way collar
 
15,000 MMBtu/day
 
$2.50 - $2.00 - $3.32
 
IF – NYMEX (HH)
Jan’16 – Jun'16
 
Crude oil – collar
 
2,150 Bbl/day
 
$46.36 - $55.62
 
WTI – NYMEX
Jul’16 – Dec'16
 
Crude oil – collar
 
1,450 Bbl/day
 
$47.50 - $56.40
 
WTI – NYMEX
Jan’16 – Dec'16
 
Crude oil – three-way collar
 
700 Bbl/day
 
$46.50 - $35.00 - $57.00
 
WTI – NYMEX
Jul’16 – Dec'16
 
Crude oil – three-way collar (1)
 
700 Bbl/day
 
$47.50 - $35.00 - $63.50
 
WTI – NYMEX
Jan’17 – Dec'17
 
Crude oil – three-way collar
 
750 Bbl/day
 
$50.00 - $37.50 - $63.90
 
WTI – NYMEX
Schedule Of Subsequent Non-designated Hedges [Table Text Block]
Subsequent to December 31, 2015, the following non-designated hedges were entered into:
Term
 
Commodity
 
Contracted Volume
 
Weighted Average 
Fixed Price for Swaps
 
Contracted Market
Feb’16 – Dec'16
 
Natural gas – swap
 
10,000 MMBtu/day
 
$2.495
 
IF – NYMEX (HH)
Jan’17 – Dec'17
 
Natural gas – swap
 
10,000 MMBtu/day
 
$2.795
 
IF – NYMEX (HH)
Fair Value Of Derivative Instruments And Locations In Balance Sheets [Table Text Block]
The following tables present the fair values and locations of the derivative transactions recorded in our Consolidated Balance Sheets at December 31: 
 
 
 
 
Derivative Assets
Fair Value
 
 
Balance Sheet Location
 
2015
 
2014
 
 
 
 
(In thousands)
Commodity derivatives:
 
 
 
 
 
 
Current
 
Current derivative assets
 
$
10,186

 
$
31,139

Long-term
 
Non-current derivative assets
 
968

 

Total derivative assets
 
 
 
$
11,154

 
$
31,139


 
 
 
 
Derivative Liabilities
Fair Value
 
 
Balance Sheet Location
 
2015
 
2014
 
 
 
 
(In thousands)
Commodity derivatives:
 
 
 
 
 
 
Current
 
Current derivative liabilities
 
$

 
$

Long-term
 
Non-current derivative liabilities
 
285

 

Total derivative liabilities
 
 
 
$
285

 
$

Effect Of Derivative Instruments Recognized In Statement Of Operations, Not Designated As Hedging Instruments [Table Text Block]
Effect of Derivative Instruments on the Consolidated Statements of Operations (derivatives not designated as hedging instruments) for the year ended December 31:
Derivatives Not Designated as Hedging Instruments
 
Location of Gain or (Loss)
Recognized in Income on
Derivative
 
Amount of Gain or (Loss)
Recognized in Income on 
Derivative
 
 
2015
 
2014
 
 
 
 
(In thousands)
Commodity derivatives
 
Gain on derivatives not designated as hedges and hedge ineffectiveness, net (1)
 
$
26,345

 
$
30,147

Total
 
 
 
$
26,345

 
$
30,147

_________________________
(1)
Amount settled during the period is a gain of $46,615 and a loss of $6,038, respectively.