Quarterly report pursuant to Section 13 or 15(d)

Derivatives and Fair Value (Tables)

v3.5.0.2
Derivatives and Fair Value (Tables)
 6 Months Ended
Jun. 30, 2016
Derivative Instrument Detail [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table sets forth, by level within the fair value hierarchy and location on the condensed consolidated balance sheets, the reported values of derivative instruments accounted for at fair value on a recurring basis:





 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

   

Balance at June 30, 2016



 

 

   

Carrying

   

Fair Value Measurements Using

Derivative Item

 

Balance Sheet Line

   

Value

   

Level 1

   

Level 2

   

Level 3



 

 

   

(in thousands)

Crude oil puts

 

Prepayments and other

   

$  

 265 

   

$  

 -

   

$  

 265 

   

$  

 -



Schedule of Derivative Instruments [Table Text Block]

The following table sets forth the effect of derivative instruments on the condensed consolidated statements of operations:





 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

Gain (Loss)

Derivative Item

 

Statement of Operations Line

 

Three Months Ended June 30,

 

Six Months Ended June 30,



 

 

 

2016

 

2015

 

2016

 

2015



 

   

 

(in thousands)

Crude oil puts

 

Other, net

 

$

 (578)

 

$

 -

 

$

 (578)

 

$

 -