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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Open Commodity Derivative Contracts

Natural Gas:

 

Type

 

Commodity

Reference Price

 

Remaining

Contract Period

 

Volume -

MMBTU/Day

 

 

Average Price

/MMBTU

 

 

Fair Value -

September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset (Liability)

 

Fixed price swaps

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NYMEX-Henry Hub

 

October 2017

 

 

575,000

 

 

$

3.17

 

 

$

 

 

3,430

 

 

 

NYMEX-Henry Hub

 

Apr - Oct 2018

 

 

120,000

 

 

$

2.96

 

 

$

 

 

480

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Type

 

Commodity

Reference Price

 

Remaining

Contract Period

 

Volume -

MMBTU/Day

 

 

Floor Price ($/MMBTU)

 

 

Ceiling Price ($/MMBTU)

 

Fair Value -

September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset (Liability)

 

Collars

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NYMEX-Henry Hub

 

Jan - Mar 2018

 

 

40,000

 

 

$

3.23

 

 

$

3.54

 

$

222

 

 

 

Summary of Pre-tax Realized and Unrealized Gain (Loss) on Derivative Instruments

 

 

 

For the Three Months

 

 

For the Nine Months

 

 

 

Ended September 30,

 

 

Ended September 30,

 

Commodity Derivatives:

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Realized gain on commodity derivatives-natural gas (1)

 

$

8,884

 

 

$

 

 

$

8,016

 

 

$

 

Unrealized (loss) gain on commodity derivatives (1)

 

 

(4,234

)

 

 

 

 

 

4,133

 

 

 

 

Total gain on commodity derivatives

 

$

4,650

 

 

$

 

 

$

12,149

 

 

$

 

 

(1)

Included in gain on commodity derivatives in the Consolidated Statements of Operations.