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Commodity Risk Derivatives (Tables)
 9 Months Ended
Sep. 30, 2018
Price Risk Derivatives [Abstract]  
Schedule of Outstanding Crude Oil and Natural Gas Swaps

Presented below is a summary of outstanding crude oil and natural gas swaps as of September 30, 2018.

 

    Begin     End     Quantity (bbls/d)     Price  
                                 
Crude oil price swaps     10/1/18       12/31/18       100     $ 68.50  

 

    Begin     End     Quantity (mcf/d)     Price  
                                 
Natural gas price swaps     10/1/18       12/31/18       500     $ 3.01  
Schedule of Fair Value Commodity Derivatives

The following table summarizes the fair value of our open commodity derivatives as of September 30, 2018, and December 31, 2017 (in thousands). Please see Note 13 for further disclosure.

 

    September 30, 2018     December 31, 2017  
Fair Value of Oil and Natural Gas Derivatives (in thousands)   Gross Amount     Amount Offset     As Presented     Gross Amount     Amount Offset     As Presented  
Fair value of oil and natural gas derivatives – Current Assets   $ 4     $ (4 )   $ -     $ 168     $ (168 )   $ -  
                                                 
Fair value of oil and natural gas derivatives – Current Liabilities     (41 )     4       (37 )     (329 )     168       (161 )