Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v2.4.0.6
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Disclosures [Abstract]  
Fair Value Measurements
The following tables summarize the Company’s financial and non-financial liabilities by FASB ASC 820 valuation level as of December 31, 2012 and 2011:
 
 
December 31, 2012
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
Fixed price swaps
$

 
$
664,000

 
$

       Equity investment in Diamondback
151,317,000

 

 

Liabilities:
 
 
 
 
 
Fixed price swaps
$

 
$
10,442,000

 
$

 
 
 
 
 
 
 
December 31, 2011
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
Fixed price swaps
$

 
$
1,601,000

 
$

Liabilities:
 
 
 
 
 
Fixed price swaps
$

 
$

 
$