Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Oil and gas contracts

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

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

	Commodity Derivatives
Period	Balance Sheet Location	Fair Value
September 30, 2015	Derivative asset	$	5,659
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 September 30, 2015 and 2014:

Instrument	Amount of Gain Recognized in Other Comprehensive Income		Location of Gain Reclassified into Income	Amount of Gain Reclassified into Income
Commodity Derivatives at September 30, 2015	$	4,077	Oil and gas sales	$	4,093
Commodity Derivatives at September 30, 2014	$	5,293	Oil and gas sales	$	240

Effect of Cash Flow Hedges on the Consolidated Statement of Operations for the nine months ended September 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 September 30, 2015	$	7,523		Oil and gas sales	$	10,494
Commodity Derivatives at September 30, 2014	$	(3,510	)	Oil and gas sales	$	(6,005	)