Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Commodity Derivative Positions

The following table sets forth our commodity derivative positions as of March 31, 2017:

		Average
		Volume Per	Weighted Average Price			Fair Value
	Instrument	Day	Floor/Swap		Ceiling	Asset		Liability
Crude Oil:		(barrels)	($/barrel)
Second quarter 2017	Swaps	4,408	$	48.62		$	—	$	1,003
Third quarter 2017	Swaps	4,408	$	48.62		—		1,286
Fourth quarter 2017	Swaps	4,408	$	48.62		—		1,355
First quarter 2018	Swaps	3,476	$	49.12		—		881
Second quarter 2018	Swaps	3,476	$	49.12		—		838
Third quarter 2018	Swaps	3,476	$	49.12		—		780
Fourth quarter 2018	Swaps	3,476	$	49.12		—		718
First quarter 2019	Swaps	2,916	$	49.90		—		359
Second quarter 2019	Swaps	2,916	$	49.90		—		338
Third quarter 2019	Swaps	2,916	$	49.90		—		329
Fourth quarter 2019	Swaps	2,916	$	49.90		—		332
Settlements to be paid in subsequent period						—		142

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 table summarizes the effects of our derivative activities for the periods presented:

	Successor		Predecessor
	Three Months		Three Months
	Ended		Ended
	March 31, 2017		March 31, 2016
Derivative gains	$	17,016	$	4,492

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:

		Fair Values as of
		March 31, 2017				December 31, 2016
		Derivative		Derivative		Derivative		Derivative
Type	Balance Sheet Location	Assets		Liabilities		Assets		Liabilities
Commodity contracts	Derivative assets/liabilities – current	$	—	$	4,667	$	—	$	12,932
Commodity contracts	Derivative assets/liabilities - noncurrent	—		3,694		—		14,437
		$	—	$	8,361	$	—	$	27,369