Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Oil and gas contracts

As of September 30, 2017, the Company had entered into the following commodity derivative instruments:

Production Period	Instrument Type	Daily Volumes	Weighted Average Price
Natural Gas:
October - December 2017	Swap	40,000 Mmbtu	$3.22
January - March 2018	Swap	35,000 Mmbtu	$3.24

Effect of Cash Flow Hedges on the Consolidated Balance Sheet

Effect of Cash Flow Hedges on the Consolidated Balance Sheets at September 30, 2017 and December 31, 2016:

	Commodity Derivatives
Period	Balance Sheet Location	Fair Value
September 30, 2017	Derivative asset	$	765
September 30, 2017	Derivative liability	$	(283	)
December 31, 2016	Derivative liability	$	(3,947	)
December 31, 2016	Other long-term liabilities	$	(803	)

Effect of Cash Flow Hedges on the Consolidated Statement of Operations

Effect of Cash Flow Hedges on the Consolidated Statements of Operations and Comprehensive Loss for the three months ended September 30, 2017 and 2016:

Instrument	Amount of Gain Recognized in Other Comprehensive Income		Location of Gain Reclassified into Income	Amount of Gain (Loss) Reclassified into oil and gas sales
Commodity Derivatives at September 30, 2017	$	591	Oil and gas sales	$	618
Commodity Derivatives at September 30, 2016	$	101	Oil and gas sales	$	(144	)

Effect of Cash Flow Hedges on the Consolidated Statements of Operations and Comprehensive Loss for the nine months ended September 30, 2017 and 2016:

Instrument	Amount of Gain  Recognized in Other Comprehensive Income		Location of Gain Reclassified into Income	Amount of Gain Reclassified into oil and gas sales
Commodity Derivatives at September 30, 2017	$	5,636	Oil and gas sales	$	404
Commodity Derivatives at September 30, 2016	$	307	Oil and gas sales	$	2,043