The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Anadarko Petroleum Common 032511107 31,264 394,153 SH   SOLE 0 394,153 0 0
Apache Corp Common 037411105 32,500 378,167 SH   SOLE 0 378,167 0 0
Approach Resources Inc Common 03834A103 27,074 1,402,783 SH   SOLE 0 1,402,783 0 0
Baker Hughes Inc Common 057224107 26,014 470,761 SH   SOLE 0 470,761 0 0
Cabot Oil - Gas Common 127097103 46,076 1,188,753 SH   SOLE 0 1,188,753 0 0
Cameron International Corp Common 13342B105 27,205 456,999 SH   SOLE 0 456,999 0 0
Canadian Natural Resources Common 136385101 27,687 818,165 SH   SOLE 0 818,165 0 0
Chevron Corp Common 166764100 25,317 202,678 SH   SOLE 0 202,678 0 0
Cimarex Energy Common 171798101 12,851 122,500 SH   SOLE 0 122,500 0 0
Devon Energy Corp Common 25179M103 39,943 645,594 SH   SOLE 0 645,594 0 0
EOG Resources Common 26875P101 42,482 253,111 SH   SOLE 0 253,111 0 0
EQT Corporation Com Common 26884L109 52,915 589,385 SH   SOLE 0 589,385 0 0
Energen Corp Common 29265N108 33,992 480,450 SH   SOLE 0 480,450 0 0
Ensco Plc Ads Common G3157S106 14,742 257,811 SH   SOLE 0 257,811 0 0
Halliburton Co Common 406216101 32,963 649,519 SH   SOLE 0 649,519 0 0
Hess Corporation Common 42809H107 36,584 440,768 SH   SOLE 0 440,768 0 0
Marathon Oil Corp Common 565849106 43,574 1,234,381 SH   SOLE 0 1,234,381 0 0
Nabors Industries Ltd Common G6359F103 18,186 1,070,371 SH   SOLE 0 1,070,371 0 0
National Fuel Gas Co Common 636180101 39,553 553,970 SH   SOLE 0 553,970 0 0
National-Oilwell Varco, Inc. Common 637071101 22,899 287,923 SH   SOLE 0 287,923 0 0
Newfield Exploration Co Common 651290108 41,302 1,676,907 SH   SOLE 0 1,676,907 0 0
Noble Energy Inc Common 655044105 55,712 817,964 SH   SOLE 0 817,964 0 0
Occidental Petroleum Corp Common 674599105 29,275 307,833 SH   SOLE 0 307,833 0 0
Pioneer Natural Resources Co Common 723787107 37,227 202,245 SH   SOLE 0 202,245 0 0
QEP Res Inc Common 74733V100 38,192 1,246,083 SH   SOLE 0 1,246,083 0 0
Range Resouces Corp Common 75281A109 11,105 131,721 SH   SOLE 0 131,721 0 0
Rowan Companies Inc Common G7665A101 22,135 626,000 SH   SOLE 0 626,000 0 0
Royal Dutch Shell Plc Class A Common 780259206 39,005 547,290 SH   SOLE 0 547,290 0 0
Schlumberger LTD Common 806857108 35,194 390,572 SH   SOLE 0 390,572 0 0
Southwestern Energy Co Common 845467109 10,397 264,358 SH   SOLE 0 264,358 0 0
Statoil Asa-spon Adr Common 85771P102 36,183 1,499,507 SH   SOLE 0 1,499,507 0 0
Superior Energy Services Inc Common 868157108 17,390 653,498 SH   SOLE 0 653,498 0 0
Swift Energy Common 870738101 5,400 400,000 SH   SOLE 0 400,000 0 0
Williams Companies Common 969457100 33,415 866,338 SH   SOLE 0 866,338 0 0