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
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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 32,767 674,490 SH   SOLE NA 577,280 0 97,210
Apache Corp Common 037411105 32,870 739,139 SH   SOLE NA 626,251 0 112,888
Baker Hughes Inc Common 057224107 24,537 531,690 SH   SOLE NA 428,270 0 103,420
Canadian Natural Resources Common 136385101 26,516 1,214,640 SH   SOLE NA 1,048,395 0 166,245
Chevron Corp Common 166764100 30,725 341,545 SH   SOLE NA 273,780 0 67,765
Cimarex Energy Common 171798101 41,919 468,995 SH   SOLE NA 399,635 0 69,360
Devon Energy Corp Common 25179M103 36,619 1,144,352 SH   SOLE NA 958,144 0 186,208
EOG Resources Common 26875P101 37,457 529,135 SH   SOLE NA 448,043 0 81,092
EQT Corporation Com Common 26884L109 30,331 581,825 SH   SOLE NA 493,955 0 87,870
Energen Corp Common 29265N108 26,863 655,365 SH   SOLE NA 555,295 0 100,070
Energy Select Sector SPDR Common 81369Y506 1,972 32,700 SH   SOLE NA 32,700 0 0
Exxon Mobil Corp Common 30231G102 29,557 379,180 SH   SOLE NA 306,200 0 72,980
Hess Corporation Common 42809H107 34,212 705,689 SH   SOLE NA 598,229 0 107,460
Laredo Petroleum Holdings, Inc. Common 516806106 10,161 1,271,680 SH   SOLE NA 1,064,430 0 207,250
Marathon Oil Corp Common 565849106 29,839 2,370,070 SH   SOLE NA 1,994,660 0 375,410
Newfield Exploration Co Common 651290108 33,224 1,020,398 SH   SOLE NA 865,928 0 154,470
Noble Energy Inc Common 655044105 40,487 1,229,488 SH   SOLE NA 1,043,958 0 185,530
Occidental Petroleum Corp Common 674599105 36,998 547,220 SH   SOLE NA 463,211 0 84,009
PDC Energy Inc Common 69327R101 28,390 531,845 SH   SOLE NA 454,865 0 76,980
Pioneer Natural Resources Co Common 723787107 41,229 328,830 SH   SOLE NA 279,650 0 49,180
Range Resources Corp Common 75281A109 20,762 843,647 SH   SOLE NA 698,437 0 145,210
Royal Dutch Shell Plc Class A Common 780259206 29,559 645,540 SH   SOLE NA 518,976 0 126,564
Schlumberger LTD Common 806857108 31,754 455,261 SH   SOLE NA 367,035 0 88,226
Southwestern Energy Co Common 845467109 14,119 1,985,807 SH   SOLE NA 1,665,557 0 320,250
Weatherford International Plc Ord Common G48833100 21,945 2,615,653 SH   SOLE NA 2,109,903 0 505,750