Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Oil and gas contracts

As of June 30, 2017, the Company had entered into the following commodity derivative instruments:

Production Period	Instrument Type	Daily Volumes	Weighted Average Price
Natural Gas:
July - December 2017	Swap	30,000 Mmbtu	$3.22
October - December 2017	Swap	10,000 Mmbtu	$3.22
January - March 2018	Swap	35,000 Mmbtu	$3.24

Effect of Cash Flow Hedges on the Consolidated Balance Sheet

Effect of Cash Flow Hedges on the Consolidated Balance Sheets at June 30, 2017 and December 31, 2016:

	Commodity Derivatives
Period	Balance Sheet Location	Fair Value
June 30, 2017	Derivative asset	$	966
June 30, 2017	Derivative liability	$	(457	)
December 31, 2016	Derivative liability	$	(3,947	)
December 31, 2016	Other long-term liabilities	$	(803	)

Effect of Cash Flow Hedges on the Consolidated Statement of Operations

Effect of Cash Flow Hedges on the Consolidated Statements of Operations and Comprehensive Loss for the three months ended June 30, 2017 and 2016:

Instrument	Amount of Gain (Loss) Recognized in Other Comprehensive Income			Location of Gain Reclassified into Income	Amount of Gain Reclassified into oil and gas sales
Commodity Derivatives at June 30, 2017	$	2,179		Oil and gas sales	$	108
Commodity Derivatives at June 30, 2016	$	(595	)	Oil and gas sales	$	1,155

Effect of Cash Flow Hedges on the Consolidated Statements of Operations and Comprehensive Loss for the six months ended June 30, 2017 and 2016:

Instrument	Amount of Gain  Recognized in Other Comprehensive Income		Location of Gain Reclassified into Income	Amount of Gain (Loss) Reclassified into oil and gas sales
Commodity Derivatives at June 30, 2017	$	5,045	Oil and gas sales	$	(214	)
Commodity Derivatives at June 30, 2016	$	206	Oil and gas sales	$	2,187