Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Commodity Derivative Positions

The following table sets forth our commodity derivative positions, presented on a net basis by period of maturity, as of September 30, 2017:

		Average	Weighted
		Volume Per	Average		Fair Value
	Instrument	Day	Price		Asset		Liability
Crude Oil:		(barrels)	($/barrel)
Fourth quarter 2017	Swaps	4,381	$	48.59	$	—	$	1,361
First quarter 2018	Swaps/Put option 1	8,513	$	47.98	—		2,427
Second quarter 2018	Swaps/Put option 1	8,484	$	47.98	—		1,971
Third quarter 2018	Swaps/Put option 1	8,455	$	47.98	—		1,563
Fourth quarter 2018	Swaps/Put option 1	8,455	$	47.98	—		1,251
First quarter 2019	Swaps	2,946	$	49.87	—		356
Second quarter 2019	Swaps	2,921	$	49.87	—		307
Third quarter 2019	Swaps	2,897	$	49.87	—		258
Fourth quarter 2019	Swaps	2,898	$	49.87	—		231
Settlements to be paid in subsequent period							172

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 Ended			Period from September 13, 2016			Period from July 1, 2016
	September 30, 2017			Through September 30, 2106			Through September 12, 2016
Derivative gains (losses)	$	(12,275	)	$	(4,369	)	$	8,934

	Successor					Predecessor
	Nine Months Ended		Period from September 13, 2016			Period from January 1, 2016
	September 30, 2017		Through September 30, 2106			Through September 12, 2016
Derivative gains (losses)	$	15,802	$	(4,369	)	$	(8,333	)

Fair Value of Derivative Instruments on Condensed Consolidated Balance Sheets

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

		September 30, 2017				December 31, 2016
		Derivative		Derivative		Derivative		Derivative
Type	Balance Sheet Location	Assets		Liabilities		Assets		Liabilities
Commodity contracts	Derivative assets/liabilities – current	$	6,140	$	13,634	$	—	$	12,932
Commodity contracts	Derivative assets/liabilities – noncurrent	2,520		4,923		—		14,437
		$	8,660	$	18,557	$	—	$	27,369