|
Subsequent Events
|
6 Months Ended |
|---|---|
|
Jun. 30, 2013
|
|
| Subsequent Events [Abstract] | |
| Subsequent Events |
SUBSEQUENT EVENTS
In July 2013, the Company entered into fixed price swaps for 10,000 Mcf of natural gas per day at a weighted average price of $4.00 per Mcf for the period from October through December 2013. For the period from January 2014 through December 2014 the Company entered into fixed price swaps for 2,000 barrels of oil per day at a weighted average price of $101.65 per barrel. For this same period the Company entered into fixed price swaps for 15,000 Mcf of natural gas per day at a weighted average price of $4.01 per Mcf. For January 2015 through March 2016, the Company entered into fixed price swaps for 10,000 Mcf of natural gas per day at a weighted average price of $4.00 per Mcf. The Company's fixed price swap contracts are tied to the commodity prices on the IPE. The Company will receive the fixed price amount stated in the contract and pay to its counterparty the current market price for oil as listed on the IPE for Brent Crude and as listed on NYMEX for natural gas.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
|