Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Fair Value Derivative Instruments

Information for assets and liabilities measured at fair value at September30, 2013 and December31, 2012 was as follows:

	Level1		Level2		Level3		Total
As of September30, 2013
Derivative assets, gross
Commodity puts	$	-	$	11,300	$	-	$	11,300
Derivative liabilities, gross
Commodity puts		-		-		-		-
Total derivative, fair value, net	$	-	$	11,300	$	-	$	11,300
As of December31, 2012
Derivative assets, gross
Commodity puts	$	-	$	16,200	$	-	$	16,200
Derivative liabilities, gross
Commodity puts		-		-		-		—
Total derivative, fair value, net	$	-	$	16,200	$	-	$	16,200