Here is what our engineering team came back with:
To delete the interface, we can execute the below commands:
[root@localhost mercury]# sudo ip link delete docker0 type bridge
[root@localhost mercury]# service network restart
To change the IP Address of the docker interface, we can execute the below commands:
[root@localhost mercury]# ip addr add 127.0.0.2/16 dev docker0
[root@localhost mercury]# service network restart
Let us know if this works or if you need more assistance.