Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Outstanding Derivative Financial Instruments

The Company had the following outstanding derivative financial instruments used for oil and natural gas price risk management:

Commodity and Derivative Type	Weighted-Average Contract Price	Contract Volume (MMBtu)	Contract Period
December 31, 2015:
Natural Gas Swap Agreements	$3.20 per MMBtu	1,800,000	2016
December 31, 2016:
Natural Gas Swap Agreements	$3.37 per MMBtu	23,400,000	2017