Derivatives (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of information concerning the entity's net positions in open commodity derivatives

The following summarizes information concerning our net positions in open commodity derivatives applicable to periods subsequent to September 30, 2014.  The settlement prices of commodity derivatives are based on NYMEX futures prices.

Swaps:

	Oil
	Bbls	Price
Production Period:
4th Quarter 2014	503,200	$	96.92
	503,200

Schedule of effect of derivative instruments on the consolidated balance sheet

Effect of Derivative Instruments on the Consolidated Balance Sheets

	Fair Value of Derivative Instruments as of September 30, 2014
	Asset Derivatives			Liability Derivatives
	Balance Sheet			Balance Sheet
	Location	Fair Value		Location	Fair Value
		(In thousands)			(In thousands)
Derivatives not designated as hedging instruments:
Commodity derivatives	Fair value of derivatives:			Fair value of derivatives:
	Current	$	3,372	Current	$	—
	Non-current	—		Non-current	—
Total		$	3,372		$	—

	Fair Value of Derivative Instruments as of December 31, 2013
	Asset Derivatives			Liability Derivatives
	Balance Sheet			Balance Sheet
	Location	Fair Value		Location	Fair Value
		(In thousands)			(In thousands)
Derivatives not designated as hedging instruments:
Commodity derivatives	Fair value of derivatives:			Fair value of derivatives:
	Current	$	2,518	Current	$	208
	Non-current	—		Non-current	—
Total		$	2,518		$	208

Schedule of gross to net presentation reconciliation of derivative assets and liabilities

Gross to Net Presentation Reconciliation of Derivative Assets and Liabilities

	September 30, 2014
	Assets		Liabilities
	(In thousands)
Fair value of derivatives — gross presentation	$	3,372	$	—
Effects of netting arrangements	—		—
Fair value of derivatives — net presentation	$	3,372	$	—

	December 31, 2013
	Assets			Liabilities
	(In thousands)
Fair value of derivatives — gross presentation	$	3,909		$	1,599
Effects of netting arrangements	(1,391		)	(1,391		)
Fair value of derivatives — net presentation	$	2,518		$	208

Schedule of effect of derivative instruments on the consolidated statement of operations and Comprehensive Income (Loss)

Effect of Derivative Instruments Recognized in Earnings on the Consolidated Statements of Operations and Comprehensive Income (Loss)

	Amount of Gain or (Loss) Recognized in Earnings
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
Location of Gain or (Loss) Recognized in Earnings	2014		2013			2014			2013
	(In thousands)
Derivatives not designated as hedging instruments:
Commodity derivatives:
Other income (expense) -
Gain (loss) on derivatives	$	9,650	$	(8,278	)	$	(3,715	)	$	(9,919	)
Total	$	9,650	$	(8,278	)	$	(3,715	)	$	(9,919	)