Hedging Program and Derivatives (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Contract Position

The following table sets forth the summary position of our derivative contracts as of December 31, 2016:

	Oil - WTI
Contract Periods	Daily Volume (Bbl)	Swap Price (per Bbl)
Fixed Swaps
2017	2,401	$	54.53
2018	1,796	$	47.48
2019	1,200	$	54.54
Basis Swap

2017 500 $ 0.65

Collar contracts:

	Gas
Contract Periods	Daily Volume (Mcf)	Floor (Long Put)		Ceiling (Short Call)
2017	5,000	$	3.00	$	3.90

Collar Contracts

The following table sets forth the summary position of our derivative contracts as of December 31, 2016:

	Oil - WTI
Contract Periods	Daily Volume (Bbl)	Swap Price (per Bbl)
Fixed Swaps
2017	2,401	$	54.53
2018	1,796	$	47.48
2019	1,200	$	54.54
Basis Swap

2017 500 $ 0.65

Collar contracts:

	Gas
Contract Periods	Daily Volume (Mcf)	Floor (Long Put)		Ceiling (Short Call)
2017	5,000	$	3.00	$	3.90

Impact of Derivative Contracts on Balance Sheet

The following table illustrates the impact of derivative contracts on the Company’s balance sheet:

Fair Value of Derivative Instruments as of December 31, 2015
	Asset Derivatives			Liability Derivatives
Derivatives not designated as hedging instruments	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity price derivatives	Derivatives – current	$	18,902	Derivatives – current	$	—
Commodity price derivatives	Derivatives – long-term	8,463		Derivatives – long-term	—
		$	27,365		$	—

Fair Value of Derivative Instruments as of December 31, 2016
	Asset Derivatives			Liability Derivatives
Derivatives not designated as hedging instruments	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Commodity price derivatives	Derivatives – current	$	54	Derivatives – current	$	2,382
Commodity price derivatives	Derivatives – long-term	—		Derivatives – long-term	6,630
		$	54		$	9,012