OIL PRICE RISK DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2016

Price Risk Derivatives [Abstract]

Schedule of outstanding "costless collars"

Presented below is a summary of outstanding “costless collars” with Wells Fargo as of September 30, 2016 (which total an aggregate of 27,600 barrels of oil production during the last three months of 2016):

Settlement Period				Quantity		Contract Price
Begin		End		(bbls/ day)		Put		Call
	10/1/16		12/31/16		300	$	50.00	$	65.25