Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Derivative Financial Instruments [Abstract]

Schedule of Derivative Activity and Fair Value

Type	Commodity Reference Price	Remaining Contract Period	Volume - MMBTU/Day	Average Price/MMBTU		Fair Value - December 31, 2011
						Asset
Swap	NYMEX	April - October 2012	90,000	$5.00	$	34,310
Swap	NYMEX	Calendar 2012	300,000	$5.03	$	196,075

Subsequent to December 31, 2011 and through February 10, 2012, the Company has entered into the following open commodity derivative contracts to manage price risk on a portion of its natural gas production whereby the Company receives the fixed price and pays the variable price:

Type	Commodity Reference Price	Remaining Contract Period	Volume - MMBTU/Day	Average Price/MMBTU
Swap	NYMEX	April - December 2012	200,000	$3.02

Detail Schedule of Realized and Unrealized Gains and Losses

		For the Year Ended December 31,
Natural Gas Commodity Derivatives:		2011		2010		2009
Realized gain on commodity derivatives (1)	$	213,349	$	116,827	$	239,366
Unrealized gain (loss) on commodity derivatives (1)		100,383		208,625		(92,849)
Total gain on commodity derivatives	$	313,732	$	325,452	$	146,517
(1) Included in gain on commodity derivatives in the Consolidated Statements of Operations.