Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Commodity Derivative Instruments

As of March 31, 2015, the Company had entered into the following commodity derivative instruments:

Production Period	Instrument Type	Daily Volumes	Weighted Average Price
Natural Gas:
April 2015 - December 2015	Swap	55,000 Mmbtu	$3.43
July 2015 - June 2016	Swap	10,000 Mmbtu	$3.22
April 2015 - September 2015	Swap	5,000 Mmbtu	$2.89
Crude Oil:
April 2015 - December 2015	Swap (LLS)	500 Bbls	$56.68
Propane:
April 2015 - December 2015	Swap	250 Bbls	$25.62

LLS - Louisiana Light Sweet

Effect of Cash Flow Hedges on the Consolidated Balance Sheet

Effect of Cash Flow Hedges on the Consolidated Balance Sheet at March 31, 2015 and December 31, 2014:

	Commodity Derivatives
Period	Balance Sheet Location	Fair Value
March 31, 2015	Derivative asset, current	$	11,121
March 31, 2015	Derivative asset, long term	$	192
March 31, 2015	Derivative liability, current	$	(138	)
December 31, 2014	Derivative asset, current	$	8,631

Effect of Cash Flow Hedges on the Consolidated Statement of Operations

Effect of Cash Flow Hedges on the Consolidated Statement of Operations for the three months ended March 31, 2015 and 2014:

Instrument	Amount of Income (Loss) Recognized in Other Comprehensive Income			Location of Gain (Loss) Reclassified into Income	Amount of Gain (Loss) Reclassified into Income
Commodity Derivatives at March 31, 2015	$	4,917		Oil and gas sales	$	2,372
Commodity Derivatives at March 31, 2014	$	(6,821	)	Oil and gas sales	$	(3,403	)