Gulfport Energy Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

The following table summarizes the Company’s financial assets and liabilities by FASB ASC 820 valuation level as of June 30, 2012:



	As of June 30, 2012
	Level 1		Level 2		Level 3
Assets:
Fixed price swaps	$	—	$	9,714,000	$	—
Liabilities:
Fixed price swaps	$	—	$	—	$	—

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

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+ Details