Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Commodity Derivative Positions

The following table sets forth our commodity derivative positions as of September 30, 2016:

		Average
		Volume Per	Weighted Average Price			Fair Value
	Instrument	Day	Floor/Swap		Ceiling	Asset		Liability
Crude Oil:		(barrels)	($/barrel)
Fourth quarter 2016	Swaps	5,940	$	47.69		$	—	$	709
First quarter 2017	Swaps	4,408	$	48.62		—		737
Second quarter 2017	Swaps	4,408	$	48.62		—		1,106
Third quarter 2017	Swaps	4,408	$	48.62		—		1,335
Fourth quarter 2017	Swaps	4,408	$	48.62		—		1,518
First quarter 2018	Swaps	3,476	$	49.12		—		1,131
Second quarter 2018	Swaps	3,476	$	49.12		—		1,244
Third quarter 2018	Swaps	3,476	$	49.12		—		1,353
Fourth quarter 2018	Swaps	3,476	$	49.12		—		1,451
First quarter 2019	Swaps	2,916	$	49.90		—		1,051
Second quarter 2019	Swaps	2,916	$	49.90		—		1,117
Third quarter 2019	Swaps	2,916	$	49.90		—		1,179
Fourth quarter 2019	Swaps	2,916	$	49.90		—		1,247

Impact of Derivative Activities on Condensed Consolidated Statements of Income

The impact of our derivative activities on income is included in “Derivatives” in our Condensed Consolidated Statements of Operations. The following tables summarize the effects of our derivative activities for the periods presented:

	Successor			Predecessor
	Period From September 13, 2016			Period from July 1, 2016		Three Months Ended
	Through September 30, 2016			through September 12, 2016		September 30, 2015
Derivative gains (losses)	$	(4,369	)	$	8,934	$	44,701

	Successor			Predecessor
	Period From September 13, 2016			Period From January 1, 2016			Nine Months Ended
	Through September 30, 2016			Through September 12, 2016			September 30, 2015
Derivative gains (losses)	$	(4,369	)	$	(8,333	)	$	52,073

Fair Value of Derivative Instruments on Condensed Consolidated Balance Sheets

The following table summarizes the fair values of our derivative instruments, as well as the locations of these instruments on our Condensed Consolidated Balance Sheets as of the dates presented:

		Successor				Predecessor
		Fair Values as of
		September 30, 2016				December 31, 2015
		Derivative		Derivative		Derivative		Derivative
Type	Balance Sheet Location	Assets		Liabilities		Assets		Liabilities
Commodity contracts	Derivative assets/liabilities – current	$	446	$	3,888	$	97,956	$	—
Commodity contracts	Derivative assets/liabilities - noncurrent	—		11,291		—		—
		$	446	$	15,179	$	97,956	$	—