Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.6.0.2
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Fair Value Summary of Long-Term Debt with Fixed Interest Rates
The following table summarizes the fair value of our long-term debt with fixed interest rates, which is estimated based on the published market prices for these debt obligations as of the dates presented:
 
Successor
 
 
Predecessor
 
December 31, 2016
 
 
December 31, 2015
 
Fair
Value
 
Carrying
Value
 
 
Fair
Value
 
Carrying
Value
Senior Notes due 2019 1
$

 
$

 
 
$
40,830

 
$
300,000

Senior Notes due 2020 1

 

 
 
125,473

 
775,000

 
$

 
$

 
 
$
166,303

 
$
1,075,000

Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables summarize the valuation of those assets and (liabilities) as of the dates presented:
 
 
Successor
 
 
December 31, 2016
 
 
Fair Value
 
Fair Value Measurement Classification
Description
 
Measurement
 
Level 1
 
Level 2
 
Level 3
Liabilities:
 
 

 
 

 
 

 
 

Commodity derivative liabilities – current
 
$
(12,932
)
 
$

 
$
(12,932
)
 
$

Commodity derivative liabilities – noncurrent
 
(14,437
)
 

 
(14,437
)
 

 
 
Predecessor
 
 
December 31, 2015
 
 
Fair Value
 
Fair Value Measurement Classification
Description
 
Measurement
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 

 
 

 
 

 
 

Commodity derivative assets – current
 
$
97,956

 
$

 
$
97,956

 
$

Assets of the SERP
 
4,123

 
4,123

 

 

Liabilities:
 
 

 
 

 
 

 
 

Deferred compensation – SERP obligation
 
(4,125
)
 
(4,125
)