Subsequent Events
|
9 Months Ended |
---|---|
Sep. 30, 2013
|
|
Subsequent Events [Abstract] | |
Subsequent Events | SUBSEQUENT EVENTS In October 2013, the Company entered into fixed price swaps for 30,000 MMBtu of natural gas per day at a weighted average price of $4.11 per MMBtu for the period from January 2014 through December 2014. For the period from January 2015 through April 2016, the Company entered into fixed price swaps for 40,000 MMBtu of natural gas per day at a weighted average price of $4.15 per MMBtu. The Company's fixed price swap contracts are tied to the commodity prices on NYMEX. The Company will receive the fixed price amount stated in the contract and pay to its counterparty the current market price as listed on NYMEX for natural gas. |