DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2015

DERIVATIVE FINANCIAL INSTRUMENTS

Summary of open financial derivative positions related to oil and gas production

Product	Type	Contract Period	Volume	Price per Mcf or Bbl
NYMEX Oil	Swap	01/01/16 - 03/31/16	250 Bbl/d	$62.92
NYMEX Oil	Collar	01/01/16 - 03/31/16	500 Bbl/d	$50.00 - 64.00
NYMEX Oil	Collar	04/01/16 - 06/30/16	250 Bbl/d	$55.00 - 69.97
NYMEX Oil	Collar	01/01/16 - 12/31/16	500 Bbl/d	$50.00 - 71.50
NYMEX Gas	Swap	01/01/16 - 03/31/16	5,000 MMBtu/d	$3.02
NYMEX Gas	Swap	01/01/16 - 10/31/16	15,000 MMBtu/d	$2.93
NYMEX Gas	Swap	01/01/16 - 12/31/16	15,000 MMBtu/d	$3.16
NYMEX Gas	Swap	01/01/16 - 03/31/16	15,000 MMBtu/d	$3.18
NYMEX Gas	Swap	03/01/16 - 10/31/16	10,000 MMBtu/d	$2.72

Summary of amount of gains (losses) recognized in income from derivative instruments not designated as hedging instruments

	For the Years Ended December 31,
Derivatives not designated as Hedging Instrument under authoritative guidance	2015		2014
	(in thousands)
Realized cash settlements on hedges	$	13,007	$	(34	)
Unrealized gain on hedges		7,076		7,479
Total	$	20,083	$	7,445

Schedule of fair value and balance sheet location of net derivatives

	Derivative Assets
December 31, 2015	Balance Sheet Location	Fair Value
	(in thousands)
Commodity—Natural Gas	current	$	7,816
Commodity—Oil	current		3,265
Total derivatives not designated as hedging instruments		$	11,081

	Derivative Assets
December 31, 2014	Balance Sheet Location	Fair Value
	(in thousands)
Commodity—Natural Gas	current	$	3,611
Commodity—Oil	current		394
Total derivatives not designated as hedging instruments		$	4,005