XML 45 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events (Tables)
12 Months Ended
Dec. 31, 2012
Subsequent Event [Line Items]  
Summary of contracts for oil and natural gas
                                         

Commodity

  Calculation Period     Notional
Quantity
(Bbl/month)
    Price
Floor
($/Bbl)
    Price
Ceiling
($/Bbl)
    Fair Value
of Asset

(thousands)
 

Oil

    01/01/2013 - 03/31/2013       20,000       90.00       110.00     $ 122  

Oil

    01/01/2013 - 12/31/2013       20,000       85.00       102.25       96  

Oil

    01/01/2013 - 12/31/2013       20,000       90.00       115.00       980  

Oil

    01/01/2013 - 12/31/2013       20,000       85.00       110.40       471  

Oil

    01/01/2013 - 12/31/2013       20,000       85.00       108.80       418  

Oil

    01/01/2013 - 06/30/2014       8,000       90.00       114.00       666  

Oil

    01/01/2013 - 06/30/2014       12,000       90.00       115.50       1,036  
                                   

 

 

 

Total open oil costless collar contracts

  

                                3,789  
           

Commodity

  Calculation Period     Notional
Quantity
(MMBtu/month)
    Price
Floor
($/MMBtu)
    Price
Ceiling
($/MMBtu)
    Fair Value
of Asset
(Liability)

(thousands)
 

Natural Gas

    01/01/2013 - 07/31/2013       150,000       4.50       5.75       1,154  

Natural Gas

    01/01/2013 - 12/31/2013       100,000       3.00       3.83       (146

Natural Gas

    01/01/2013 - 12/31/2013       100,000       3.00       4.95       40  

Natural Gas

    01/01/2013 - 12/31/2013       100,000       3.00       4.96       41  

Natural Gas

    01/01/2014 - 12/31/2014       100,000       3.25       5.37       19  

Natural Gas

    01/01/2014 - 12/31/2014       100,000       3.25       5.42       27  
                                   

 

 

 

Total open natural gas costless collar contracts

  

                            1,135  

 

                                 

Commodity

  Calculation Period     Notional
Quantity
(Bbl/month)
    Fixed
Price
($/Bbl)
    Fair Value
of  Liability

(thousands)
 

Oil

    01/01/2013 - 12/31/2013       10,000       90.20       (362

Oil

    01/01/2013 - 12/31/2013       10,000       90.65       (308
                           

 

 

 

Total open oil swap contracts

                            (670

 

                                 
         

Commodity

  Calculation Period     Notional
Quantity
(Gal/month)
    Fixed
Price
($/Gal)
    Fair Value
of  Asset

(Liability)
(thousands)
 

Purity Ethane

    01/01/2013 - 12/31/2013       110,000       0.335       106  

Purity Ethane

    01/01/2013 - 12/31/2013       110,000       0.355       133  

Propane

    01/01/2013 - 12/31/2013       53,000       0.953       13  

Propane

    01/01/2013 - 12/31/2013       53,000       1.001       43  

Normal Butane

    01/01/2013 - 12/31/2013       14,700       1.455       (29

Normal Butane

    01/01/2013 - 12/31/2013       14,700       1.560       (10

Isobutane

    01/01/2013 - 12/31/2013       7,000       1.515       (18

Isobutane

    01/01/2013 - 12/31/2013       7,000       1.625       (9

Natural Gasoline

    01/01/2013 - 12/31/2013       12,000       2.025       (8 )

Natural Gasoline

    01/01/2013 - 12/31/2013       12,000       2.085       1  

Natural Gasoline

    01/01/2013 - 12/31/2013       12,000       2.102       3  
                           

 

 

 

Total open NGL swap contracts

                          $ 225  
                           

 

 

 

Total open derivative financial instruments

                          $      4,479  
                           

 

 

 
Schedule of future minimum lease payments required under the office lease agreement
         

Year ending December 31,

  Amount  

2013

  $ 575  

2014

    575  

2015

    589  

2016

    604  

2017

    618  

Thereafter

    2,995  
   

 

 

 

Total

  $ 5,956  
   

 

 

 
Subsequent Event [Member]
 
Subsequent Event [Line Items]  
Summary of contracts for oil and natural gas
                                 

Commodity

  Calculation Period     Notional
Quantity
(Bbls/month)
    Price
Floor
($/Bbl)
    Price
Ceiling
($/Bbl)
 

Oil

    07/01/2013 - 12/31/2013       20,000       90.00       102.80  

Oil

    01/01/2014 - 12/31/2014       15,000       85.00       97.50  

Oil

    01/01/2014 - 12/31/2014       30,000       85.00       98.00  

Oil

    01/01/2014 - 12/31/2014       15,000       87.00       97.00  

Oil

    01/01/2014 - 12/31/2014       20,000       90.00       97.00  

Oil

    01/01/2014 - 12/31/2014       15,000       90.00       97.90  

Oil

    01/01/2014 - 12/31/2014       15,000       90.00       98.00  
                                 

Commodity

  Calculation Period     Notional
Quantity
(MMBtu/month)
    Price
Floor
($/MMBtu)
    Price
Ceiling
($/MMBtu)
 

Natural Gas

    04/01/2013 - 12/31/2013       100,000       3.25       4.41  

Natural Gas

    04/01/2013 - 12/31/2013       100,000       3.25       4.44  

Natural Gas

    04/01/2013 - 12/31/2013       100,000       3.50       4.37  

Natural Gas

    07/01/2013 - 12/31/2013       150,000       3.00       4.24  

Natural Gas

    01/01/2014 - 12/31/2014       100,000       3.00       5.15  

Natural Gas

    01/01/2014 - 12/31/2014       100,000       3.25       5.21  

Natural Gas

    01/01/2014 - 12/31/2014       100,000       3.25       5.22  

Natural Gas

    01/01/2014 - 12/31/2014       100,000       3.50       4.90  
                         

Commodity

  Calculation Period     Notional
Quantity
(Gal/month)
    Fixed
Price
($/Gal)
 

Normal Butane

    03/01/2013 - 12/31/2013       21,000       1.575  

Normal Butane

    03/01/2013 - 12/31/2013       117,000       1.575  

Normal Butane

    01/01/2014 - 12/31/2014       17,500       1.540  

Normal Butane

    01/01/2014 - 12/31/2014       45,500       1.550  

Isobutane

    03/01/2013 - 12/31/2013       43,500       1.675  

Isobutane

    03/01/2013 - 12/31/2013       23,000       1.675  

Isobutane

    01/01/2014 - 12/31/2014       22,000       1.640  

Isobutane

    01/01/2014 - 12/31/2014       37,000       1.640  

Natural Gasoline

    03/01/2013 - 12/31/2013       36,000       2.105  

Natural Gasoline

    03/01/2013 - 12/31/2013       90,500       2.148  

Natural Gasoline

    01/01/2014 - 12/31/2014       30,000       1.970  

Natural Gasoline

    01/01/2014 - 12/31/2014       41,000       2.000  
Schedule of future minimum lease payments required under the office lease agreement
         

Year ending December 31,

  Amount  

2013

  $ 643  

2014

    734  

2015

    752  

2016

    771  

2017

    789  

Thereafter

    3,813  
   

 

 

 

Total

  $ 7,502