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Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
The Company has evaluated the period after the balance sheet date, noting no subsequent events or transactions that required recognition or disclosure in the financial statements, other than as noted below.
Derivative instruments. In July and August 2017, the Company entered into new swaps and two-way costless collar options for crude oil which settle based on WTI. The commodity contracts included a total notional amount of 244,000 barrels with a weighted average floor price of $49.43 per barrel which settle in 20172,915,000 barrels with a weighted average floor price of $48.59 per barrel which settle in 2018, and 248,000 barrels with a weighted average floor price of $48.49 per barrel which settle in 2019. These derivative instruments do not qualify for or were not designated as hedging instruments for accounting purposes.