Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88 Page 89 Page 90 Page 91 Page 92 Page 93 Page 94 Page 95 Page 96 Page 97 Page 98 Page 99 Page 100 Page 101 Page 102 Page 103 Page 104 Page 105 Page 106 Page 107 Page 108 Page 109 Page 110 Page 111 Page 112 Page 113 Page 114 Page 115 Page 116 Page 117 Page 118 Page 119 Page 120 Page 121 Page 122 Page 123 Page 124 Page 125 Page 126 Page 127 Page 128 Page 129 Page 130 Page 131 Page 132 Page 133 Page 134 Page 135 Page 136 Page 137 Page 138 Page 139 Page 140 Page 141 Page 142 Page 143 Page 144 Page 145 Page 146 Page 147 Page 148 Page 149 Page 150 Page 151 Page 152 Page 153 Page 154 Page 155 Page 156 Page 157 Page 158 Page 159 Page 160 Page 161 Page 162 Page 163 Page 164 Page 165 Page 166 Page 167 Page 168 Page 169 Page 170 Page 171 Page 172 Page 173 Page 174 Page 175 Page 176 Page 177 Page 178 Page 179 Page 180 Page 181 Page 182Commodity Price Sensitivity The following table provides information about our oil derivative financial instruments that were sensitive to changes in oil prices as of December 31, 2016: Weighted Average Dated Brent Price per Bbl Asset (Liability) Deferred Fair Value at Premium December 31, Term Type of Contract MBbl Payable Swap Sold Put Floor Ceiling Call 2016(2) 2017: January—December . . Swap with puts/calls 2,000 $2.13 $72.50 $55.00 $ — $ — $90.00 $ 18,916 January—December . . Swap with puts 2,000 — 64.95 50.00 — — — 10,903 January—December . . Three-way collars 3,002 2.29 — 30.00 45.00 57.50 — (17,579) January—December . . Sold calls(1) 2,000 — — — — 85.00 — (117) 2018: January—December . . Three-way collars 2,913 $0.74 $ — $41.57 $56.57 $65.90 $ — $ (1,041) January—December . . Sold calls(1) 2,000 — — — — 65.00 — (7,701) 2019: January—December . . Sold calls(1) 913 $ — $ — $ — $ — $80.00 $ — $ (1,712) (1) Represents call option contracts sold to counterparties to enhance other derivative positions. (2) Fair values are based on the average forward Dated Brent oil prices on December 31, 2016 which by year are: 2017—$57.71, 2018—$58.05 and 2019—$57.68. These fair values are subject to changes in the underlying commodity price. The average forward Dated Brent oil prices based on February 21, 2017 market quotes by year are: 2017— $56.21 2018—$55.51 and 2019—$54.66. In February 2017, we entered into three-way collar contracts for 1.0 MMBbl from January 2018 through December 2018 with a floor price of $50.00 per barrel, a ceiling price of $62.00 per barrel and a purchased call price of $70.00 per barrel. The contracts are indexed to Dated Brent prices and have a weighted average deferred premium payable of $2.32 per barrel. At December 31, 2016, our open commodity derivative instruments were in a net asset position of $1.7 million. As of December 31, 2016, a hypothetical 10% price increase in the commodity futures price curves would decrease future pre-tax earnings by approximately $49.6 million. Similarly, a hypothetical 10% price decrease would increase future pre-tax earnings by approximately $41.1 million. Interest Rate Derivative Instruments See ‘‘Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Contractual Obligations’’ for specific information regarding the terms of our interest rate derivative instruments that are sensitive to changes in interest rates. Interest Rate Sensitivity At December 31, 2016, we had indebtedness outstanding under the Facility of $850.0 million, of which $650.0 million bore interest at floating rates after consideration of our fixed rate interest rate hedges. The interest rate on this indebtedness as of December 31, 2016 was approximately 3.9%. If LIBOR increased 10% at this level of floating rate debt, we would pay an additional $0.4 million in interest expense per year on the Facility. We paid commitment fees on the $616.9 million of undrawn availability and $33.1 million of unavailable commitments under the Facility and on the $400.0 million of undrawn availability under the Corporate Revolver during 2016, which are not subject to changes in interest rates. As of December 31, 2016, the fair market value of our interest rate swaps was a net liability of approximately $52.9 thousand. If LIBOR increased by 10%, we estimate it would have a negligible impact on the fair market value of our interest rate swaps. 102