XML 32 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Measurements [Abstract]  
Summary of the valuation of the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis
                                 

Description

  Fair Value Measurements at
December 31, 2012 using
 
     Level 1     Level 2     Level 3     Total  

Assets (Liabilities)

                               

Certificates of deposit

  $     $ 230     $     $ 230  

Oil, natural gas and NGL derivatives

          5,149             5,149  

Oil, natural gas and NGL derivatives

          (670           (670
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $     $ 4,709     $     $ 4,709  
   

 

 

   

 

 

   

 

 

   

 

 

 
   

Description

  Fair Value Measurements at
December 31, 2011 using
 
     Level 1     Level 2     Level 3     Total  

Assets (Liabilities)

                               

Certificates of deposit

  $     $ 1,335     $         –     $ 1,335  

Oil and natural gas derivatives

          9,836             9,836  

Oil and natural gas derivatives

          (554           (554
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $         –     $ 10,617     $     $ 10,617  
   

 

 

   

 

 

   

 

 

   

 

 

 
Additions to asset retirement obligations and lease and well equipment inventory at fair value on a non-recurring basis
                                 

Description

  Fair Value Measurements at
December 31, 2012 using
 
     Level 1     Level 2     Level 3     Total  

Assets (Liabilities)

                               

Asset retirement obligations

  $         –     $     $ (1,243   $ (1,243

Lease and well equipment inventory

                34       34  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $     $         –     $ (1,209   $ (1,209
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 

Description

  Fair Value Measurements at December 31,
2011 using
 
     Level 1     Level 2     Level 3     Total  

Assets (Liabilities)

                               

Asset retirement obligations

  $     $     $ (187   $ (187

Lease and well equipment inventory

                1,343       1,343  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $         –     $         –     $ 1,156     $ 1,156