Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Commodity Derivative Positions

The following table sets forth our commodity derivative positions as of June 30, 2017:

		Average	Weighted
		Volume Per	Average		Fair Value
	Instrument	Day	Swap Price		Asset		Liability
Crude Oil:		(barrels)	($/barrel)
Third quarter 2017	Swaps	4,408	$	48.59	$	903,636	$	—
Fourth quarter 2017	Swaps	4,408	$	48.59	591,129		—
First quarter 2018	Swaps	3,476	$	49.10	419,761		—
Second quarter 2018	Swaps	3,476	$	49.10	299,826		—
Third quarter 2018	Swaps	3,476	$	49.10	193,534		—
Fourth quarter 2018	Swaps	3,476	$	49.10	82,328		—
First quarter 2019	Swaps	2,916	$	49.75	160,594		—
Second quarter 2019	Swaps	2,916	$	49.75	88,824		—
Third quarter 2019	Swaps	2,916	$	49.75	24,775		—
Fourth quarter 2019	Swaps	2,916	$	49.75	—		56,550
Settlements to be received in subsequent period					457,245

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			Successor		Predecessor
	Three Months Ended		Three Months Ended			Six Months Ended		Six Months Ended
	June 30, 2017		June 30, 2016			June 30, 2017		June 30, 2016
Derivative gains (losses)	$	11,061	$	(21,759	)	$	28,077	$	(17,267	)

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
		June 30, 2017				December 31, 2016
		Derivative		Derivative		Derivative		Derivative
Type	Balance Sheet Location	Assets		Liabilities		Assets		Liabilities
Commodity contracts	Derivative assets/liabilities – current	$	2,672	$	—	$	—	$	12,932
Commodity contracts	Derivative assets/liabilities – noncurrent	584		90		—		14,437
		$	3,256	$	90	$	—	$	27,369