Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Oil and gas contracts

As of June 30, 2015, the Company had entered into the following commodity derivative instruments:

Production Period	Instrument Type	Daily Volumes	Weighted Average Price
Natural Gas:
July 2015 - December 2015	Swap	40,000 Mmbtu	$3.62
July 2015 - June 2016	Swap	10,000 Mmbtu	$3.22
July 2015 - September 2015	Swap	5,000 Mmbtu	$2.89
Crude Oil:
July 2015 - December 2015	Swap (LLS)	500 Bbls	$56.68
Propane:
July 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 June 30, 2015 and December 31, 2014:

	Commodity Derivatives
Period	Balance Sheet Location	Fair Value
June 30, 2015	Derivative asset	$	6,247
June 30, 2015	Derivative liability	$	(572	)
December 31, 2014	Derivative asset	$	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 June 30, 2015 and 2014:

Instrument	Amount of Loss Recognized in Other Comprehensive Income			Location of Gain (Loss) Reclassified into Income	Amount of Gain (Loss) Reclassified into Income
Commodity Derivatives at June 30, 2015	$	(1,471	)	Oil and gas sales	$	4,029
Commodity Derivatives at June 30, 2014	$	(1,982	)	Oil and gas sales	$	(2,842	)

Effect of Cash Flow Hedges on the Consolidated Statement of Operations for the six months ended June 30, 2015 and 2014 :

Instrument	Amount of Gain (Loss) Recognized in Other Comprehensive Income			Location of Gain (Loss) Reclassified into Income	Amount of Gain (Loss) Reclassified into Income
Commodity Derivatives at June 30, 2015	$	3,446		Oil and gas sales	$	6,401
Commodity Derivatives at June 30, 2014	$	(8,803	)	Oil and gas sales	$	(6,245	)