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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
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
                                 
    Fair Value Measurements at
March 31, 2013 using
 

Description

  Level 1     Level 2     Level 3     Total  

Assets (Liabilities)

                               

Certificates of deposit

  $ -     $ 141     $ -     $ 141  

Oil, natural gas and NGL derivatives

    -       2,285       -       2,285  

Oil, natural gas and NGL derivatives

    -       (2,631     -       (2,631
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ -     $ (205   $ -     $ (205
   

 

 

   

 

 

   

 

 

   

 

 

 
   
    Fair Value Measurements at
December 31, 2012 using
 

Description

  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  
   

 

 

   

 

 

   

 

 

   

 

 

 
Additions to asset retirement obligations and lease and well equipment inventory at fair value on a non-recurring basis
                                 
     Fair Value Measurements at
March 31, 2013 using
 

Description

  Level 1     Level 2     Level 3     Total  

Assets (Liabilities)

                               

Asset retirement obligations

  $ -     $ -     $ (656   $ (656
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ -     $ -     $ (656   $ (656
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
    Fair Value Measurements at
December 31, 2012 using
 

Description

  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