Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v2.4.0.8
Subsequent Events
9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS

In November 2014, the Company entered into fixed price swaps for 15,625 MMBtu of natural gas per day at a weighted average price of $3.96 per MMBtu for the period from January 2015 through March 2015. For the period from April 2015 through June 2015, the Company entered into fixed price swaps for 31,250 MMBtu of natural gas per day at a weighted average price of $3.96 per MMBtu. For the period from July 2015 through September 2015 the Company entered into fixed price swaps for 46,875 MMBtu of natural gas per day at a weighted average price of $3.96 per MMBtu. For the period from October 2015 through June 2017 the Company entered into fixed price swaps for 62,500 MMBtu of natural gas per day at a weighted average price of $3.96 per MMBtu. The Company’s fixed price swap contracts are tied to the commodity prices on NYMEX. The Company will receive the fixed price amount stated in the contract and pay to its counterparty the current market price listed on NYMEX for natural gas.