The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Anadarko Petroleum Common 032511107 58,398 842,198 SH   SOLE NA 674,238 0 167,960
Apache Corp Common 037411105 24,512 427,179 SH   SOLE NA 345,699 0 81,480
Cabot Oil - Gas Common 127097103 26,086 1,083,740 SH   SOLE NA 846,710 0 237,030
Canadian Natural Resources Common 136385101 30,980 1,027,178 SH   SOLE NA 815,143 0 212,035
Cimarex Energy Common 171798101 38,104 289,370 SH   SOLE NA 233,220 0 56,150
DJ US Oil - Gas CW ETF Common 464287796 214 5,300 SH   SOLE NA 5,300 0 0
Devon Energy Corp Common 25179M103 54,708 1,204,749 SH   SOLE NA 957,319 0 247,430
EQT Corporation Com Common 26884L109 34,573 537,269 SH   SOLE NA 428,349 0 108,920
Energen Corp Common 29265N108 22,689 401,010 SH   SOLE NA 312,780 0 88,230
Halliburton Co Common 406216101 27,866 496,460 SH   SOLE NA 365,690 0 130,770
Hess Corporation Common 42809H107 33,261 633,426 SH   SOLE NA 500,396 0 133,030
Kinder Morgan Inc Com Common 49456B101 27,908 1,241,480 SH   SOLE NA 970,680 0 270,800
Marathon Oil Corp Common 565849106 50,702 3,131,690 SH   SOLE NA 2,501,270 0 630,420
Nabors Industries Ltd Common G6359F103 17,432 1,107,500 SH   SOLE NA 816,140 0 291,360
Newfield Exploration Co Common 651290108 42,620 1,020,343 SH   SOLE NA 813,593 0 206,750
Noble Energy Inc Common 655044105 43,741 1,125,304 SH   SOLE NA 890,814 0 234,490
Occidental Petroleum Corp Common 674599105 28,044 409,575 SH   SOLE NA 330,066 0 79,509
PDC Energy Inc Common 69327R101 35,733 486,495 SH   SOLE NA 387,575 0 98,920
Pioneer Natural Resources Co Common 723787107 34,145 175,590 SH   SOLE NA 139,680 0 35,910
Prairiesky Royalty Ltd Common 739721108 358 15,481 SH   SOLE NA 13,887 0 1,594
QEP Res Inc Common 74733V100 16,947 984,700 SH   SOLE NA 773,670 0 211,030
Range Resources Corp Common 75281A109 39,431 1,189,827 SH   SOLE NA 950,077 0 239,750
Royal Dutch Shell Plc Class A Common 780259206 35,631 657,520 SH   SOLE NA 512,086 0 145,434
Schlumberger LTD Common 806857108 30,518 371,449 SH   SOLE NA 275,183 0 96,266
Superior Energy Services Inc Common 868157108 32,726 1,792,220 SH   SOLE NA 1,318,950 0 473,270
WPX Energy Inc Common 98212B103 24,760 1,807,280 SH   SOLE NA 1,426,260 0 381,020
Weatherford International Plc Ord Common G48833100 29,959 4,943,803 SH   SOLE NA 3,642,783 0 1,301,020
Williams Companies Common 969457100 22,994 808,520 SH   SOLE NA 625,290 0 183,230