XML 96 R31.htm IDEA: XBRL DOCUMENT
v3.20.1

DERIVATIVE AND HEDGING ACTIVITIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
DERIVATIVE AND HEDGING ACTIVITIES |
Summary of location and fair value of derivative contracts | The following table summarizes the location and fair value amounts of all derivative contracts in the consolidated balance sheets as of December 31, 2019 (Successor) and 2018 (Predecessor) (in thousands):
Derivatives not designated |  |  |  |  | Asset derivative contracts |  |  |  |  | Liability derivative contracts
as hedging contracts under |  |  |  |  | Successor |  |  |  | Predecessor |  |  |  |  | Successor |  |  |  | Predecessor
ASC 815 |  | Balance sheet location |  |  | December 31, 2019 |  |  |  | December 31, 2018 |  | Balance sheet location |  |  | December 31, 2019 |  |  |  | December 31, 2018
Commodity contracts |  | Current assets - assets from derivative contracts |  | $ | 4,995 |  |  | $ | 57,280 |  | Current liabilities - liabilities from derivative contracts |  | $ | (8,069) |  |  | $ | (3,768)
Commodity contracts |  | Other noncurrent assets - assets from derivative contracts |  |  | 224 |  |  |  | 12,437 |  | Other noncurrent liabilities - liabilities from derivative contracts |  |  | (4,854) |  |  |  | (9,139)
Total derivatives not designated as hedging contracts under ASC 815 |  | $ | 5,219 |  |  | $ | 69,717 |  |  |  | $ | (12,923) |  |  | $ | (12,907)
Summary of the location and amounts of the Company's realized and unrealized gains and losses on derivative contracts | The following table summarizes the location and amounts of the Company’s realized and unrealized gains and losses on derivative contracts in the Company’s consolidated statements of operations (in thousands):
|  |  |  |  | Amount of gain or (loss) recognized in income on derivative contracts for the
|  |  |  |  | Successor |  |  |  | Predecessor
|  |  |  |  | Period from |  |  |  | Period from |  |  |  |  |  |
|  |  |  |  | October 2, 2019 |  |  |  | January 1, 2019 |  |  |  |  |  |
Derivatives not designated as hedging |  | Location of gain or (loss) recognized in |  |  | through |  |  |  | through |  |  | Years Ended December 31,
contracts under ASC 815 |  | income on derivative contracts |  |  | December 31, 2019 |  |  |  | October 1, 2019 |  |  | 2018 |  | 2017
Commodity contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) on commodity contracts |  | Other income (expenses) - net gain (loss) on derivative contracts |  | $ | (18,681) |  |  | $ | (45,834) |  | $ | 84,274 |  | $ | (16,468)
Realized gain (loss) on commodity contracts |  | Other income (expenses) - net gain (loss) on derivative contracts |  |  | 1,989 |  |  |  | 11,502 |  |  | 8,351 |  |  | 17,759
Total net gain (loss) on derivative contracts |  | $ | (16,692) |  |  | $ | (34,332) |  | $ | 92,625 |  | $ | 1,291
Schedule of open derivative contracts | At December 31, 2019 (Successor) and 2018 (Predecessor), the Company had the following open crude oil and natural gas derivative contracts:
|  |  |  |  |  | Successor
|  |  |  |  |  | December 31, 2019
|  |  |  |  |  |  |  | Floors |  | Ceilings |  |  | Basis Differential
|  |  |  |  |  | Volume in |  |  |  |  | Weighted |  |  |  | Weighted |  |  |  |  | Weighted
|  |  |  |  |  | Mmbtu's/ |  | Price / |  | Average |  | Price / |  | Average |  |  | Price / |  | Average
Period |  | Instrument |  | Commodity |  | Bbl's |  | Price Range |  | Price |  | Price Range |  | Price |  |  | Price Range |  | Price
January 2020 - June 2020 |  | Fixed-Price Swap |  | Crude Oil |  | 182,000 |  | $ | 55.74 |  | $ | 55.74 |  | $ | — |  | $ | — |  | $ | — |  | $ | —
January 2020 - September 2020 |  | Fixed-Price Swap |  | Natural Gas |  | 1,186,000 |  |  | 2.61 |  |  | 2.61 |  |  |  |  |  |  |  |  |  |  |  |
January 2020 - December 2020 |  | Fixed-Price Swap |  | Crude Oil |  | 732,000 |  |  | 55.68 - 60.00 |  |  | 57.84 |  |  |  |  |  |  |  |  |  |  |  |
January 2020 - December 2020 |  | Fixed-Price Swap |  | Natural Gas |  | 2,928,000 |  |  | 2.55 - 2.57 |  |  | 2.56 |  |  |  |  |  |  |  |  |  |  |  |
January 2020 - December 2020 |  | Collar |  | Crude Oil |  | 549,000 |  |  | 50.00 |  |  | 50.00 |  |  | 70.00 |  |  | 70.00 |  |  |  |  |  |
January 2020 - December 2020 |  | Call |  | Crude Oil |  | 2,342,400 |  |  |  |  |  |  |  |  | 70.00 |  |  | 70.00 |  |  |  |  |  |
January 2020 - December 2020 |  | Put |  | Crude Oil |  | 915,000 |  |  | 55.00 |  |  | 55.00 |  |  |  |  |  |  |  |  |  |  |  |
January 2020 - December 2020 |  | Basis Swap |  | Crude Oil |  | 1,464,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.67 - 0.85 |  |  | 0.72
January 2020 - December 2020 |  | WTI NYMEX Roll |  | Crude Oil |  | 366,000 |  |  | 0.37 |  |  | 0.37 |  |  |  |  |  |  |  |  |  |  |  |
February 2020 - December 2020 |  | WTI NYMEX Roll |  | Crude Oil |  | 1,340,000 |  |  | 0.41 - 0.54 |  |  | 0.44 |  |  |  |  |  |  |  |  |  |  |  |
April 2020 - December 2020 |  | Basis Swap |  | Crude Oil |  | 275,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.75 |  |  | 0.75
January 2021 - December 2021 |  | Fixed-Price Swap |  | Crude Oil |  | 1,460,000 |  |  | 50.70 - 52.80 |  |  | 51.91 |  |  |  |  |  |  |  |  |  |  |  |
January 2021 - December 2021 |  | Fixed-Price Swap |  | Natural Gas |  | 2,190,000 |  |  | 2.47 - 2.48 |  |  | 2.47 |  |  |  |  |  |  |  |  |  |  |  |
January 2021 - December 2021 |  | Basis Swap |  | Crude Oil |  | 1,460,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.82 - 0.95 |  |  | 0.85
January 2021 - December 2021 |  | WTI NYMEX Roll |  | Crude Oil |  | 1,460,000 |  |  | 0.13 - 0.14 |  |  | 0.14 |  |  |  |  |  |  |  |  |  |  |  |
January 2022 - December 2022 |  | Fixed-Price Swap |  | Crude Oil |  | 1,460,000 |  |  | 51.50 |  |  | 51.50 |  |  |  |  |  |  |  |  |  |  |  |
January 2022 - December 2022 |  | Basis Swap |  | Crude Oil |  | 1,460,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.85 - 0.95 |  |  | 0.88
January 2022 - December 2022 |  | WTI NYMEX Roll |  | Crude Oil |  | 2,555,000 |  |  | (0.02) - 0.00 |  |  | (0.01) |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Predecessor
|  |  |  |  |  | December 31, 2018
|  |  |  |  |  |  |  | Floors |  | Ceilings |  | Basis Differential
|  |  |  |  |  | Volume in |  |  |  |  | Weighted |  |  |  |  | Weighted |  |  |  |  | Weighted
|  |  |  |  |  | Mmbtu's/ |  | Price / |  | Average |  | Price / |  | Average |  | Price / |  | Average
Period |  | Instrument |  | Commodity |  | Bbl's |  | Price Range |  | Price |  | Price Range |  | Price |  | Price Range |  | Price
January 2019 - March 2019 |  | Calls |  | Crude Oil |  | 1,350,000 |  | $ | — |  | $ | — |  | $ | 62.64 |  | $ | 62.64 |  | $ | — |  | $ | —
January 2019 - March 2019 |  | Calls |  | Crude Oil |  | (1,350,000) |  |  |  |  |  |  |  |  | 58.64 |  |  | 58.64 |  |  |  |  |  |
January 2019 - March 2019 |  | Collars |  | Crude Oil |  | 90,000 |  |  | 46.75 |  |  | 46.75 |  |  | 51.75 |  |  | 51.75 |  |  |  |  |  |
January 2019 - June 2019 |  | Collars |  | Crude Oil |  | 181,000 |  |  | 51.00 |  |  | 51.00 |  |  | 56.00 |  |  | 56.00 |  |  |  |  |  |
January 2019 - September 2019 |  | Basis Swap |  | Crude Oil |  | 546,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6.20) - (7.60) |  |  | (6.90)
January 2019 - December 2019 |  | Fixed-Price Swap |  | Natural Gas Liquids |  | 1,460,000 |  |  | 29.08 - 30.15 |  |  | 29.33 |  |  |  |  |  |  |  |  |  |  |  |
January 2019 - December 2019 |  | Collars |  | Crude Oil |  | 3,650,000 |  |  | 50.00 - 58.00 |  |  | 53.87 |  |  | 55.20 - 63.00 |  |  | 60.07 |  |  |  |  |  |
January 2019 - December 2019 |  | Collars |  | Natural Gas |  | 8,760,000 |  |  | 2.52 - 2.70 |  |  | 2.60 |  |  | 3.00 - 3.10 |  |  | 3.01 |  |  |  |  |  |
January 2019 - December 2019 |  | Basis Swap |  | Crude Oil |  | 2,448,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.98) - (6.50) |  |  | (2.80)
January 2019 - December 2019 |  | Basis Swap |  | Natural Gas |  | 9,307,500 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1.05) - (1.40) |  |  | (1.18)
January 2019 - December 2019 |  | WTI NYMEX Roll |  | Crude Oil |  | 1,825,000 |  |  | 0.35 |  |  | 0.35 |  |  |  |  |  |  |  |  |  |  |  |
April 2019 - June 2019 |  | Collars |  | Crude Oil |  | 91,000 |  |  | 50.00 |  |  | 50.00 |  |  | 55.00 |  |  | 55.00 |  |  |  |  |  |
April 2019 - December 2019 |  | Collars |  | Crude Oil |  | 275,000 |  |  | 55.00 |  |  | 55.00 |  |  | 62.85 |  |  | 62.85 |  |  |  |  |  |
July 2019 - December 2019 |  | Collars |  | Crude Oil |  | 552,000 |  |  | 50.00 - 55.00 |  |  | 53.00 |  |  | 55.00 - 69.00 |  |  | 61.00 |  |  |  |  |  |
July 2019 - December 2019 |  | Basis Swap |  | Crude Oil |  | 460,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2.40) - (6.50) |  |  | (5.68)
October 2019 - December 2019 |  | Fixed-Price Swap |  | Natural Gas Liquids |  | 92,000 |  |  | 32.50 |  |  | 32.50 |  |  |  |  |  |  |  |  |  |  |  |
October 2019 - December 2019 |  | Collars |  | Crude Oil |  | 92,000 |  |  | 51.00 |  |  | 51.00 |  |  | 56.00 |  |  | 56.00 |  |  |  |  |  |
October 2019 - December 2019 |  | Basis Swap |  | Crude Oil |  | 460,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.45 - 4.00 |  |  | 3.72
January 2020 - December 2020 |  | Collars |  | Crude Oil |  | 549,000 |  |  | 50.00 |  |  | 50.00 |  |  | 70.00 |  |  | 70.00 |  |  |  |  |  |
January 2020 - December 2020 |  | Calls |  | Crude Oil |  | 2,342,400 |  |  |  |  |  |  |  |  | 70.00 |  |  | 70.00 |  |  |  |  |  |
January 2020 - December 2020 |  | Puts |  | Crude Oil |  | 915,000 |  |  | 55.00 |  |  | 55.00 |  |  |  |  |  |  |  |  |  |  |  |
January 2020 - December 2020 |  | Basis Swap |  | Crude Oil |  | 3,294,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.00 - 4.00 |  |  | 2.95
Schedule of potential effects of master netting arrangements on the fair value of derivative contracts | The following table shows the potential effects of master netting arrangements on the fair value of the Company’s derivative contracts at December 31, 2019 (Successor) and 2018 (Predecessor) (in thousands):
|  | Derivative Assets |  | Derivative Liabilities
|  | Successor |  |  | Predecessor |  | Successor |  |  | Predecessor
Offsetting of Derivative Assets and Liabilities |  | December 31, 2019 |  |  | December 31, 2018 |  | December 31, 2019 |  |  | December 31, 2018
Gross amounts presented in the consolidated balance sheet |  | $ | 5,219 |  |  | $ | 69,717 |  | $ | (12,923) |  |  | $ | (12,907)
Amounts not offset in the consolidated balance sheet |  |  | (4,557) |  |  |  | (10,263) |  |  | 4,557 |  |  |  | 10,263
Net amount |  | $ | 662 |  |  | $ | 59,454 |  | $ | (8,366) |  |  | $ | (2,644)

X
- Definition Tabular disclosure of the location and amount of derivative instruments and non-derivative instruments not designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and non-derivative instruments designated and qualified as hedging instruments. + References No definition available. + Details
Name: | batl_ScheduleOfDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | batl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative, other financial assets and other financial liabilities that are subject to offsetting, including master netting arrangements. + References No definition available. + Details
Name: | batl_ScheduleOfOffsettingAssetsAndOffsettingLiabilitiesTableTextBlock
Namespace Prefix: | batl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration