XML 26 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2012
Derivative [Line Items]  
Fair Value of Derivative Instruments [Table Text Block]

 

 

 

 

Fair Value

 

Derivatives in Cash Flow Hedging Relationships

 

Balance Sheet

Location

 

June 30,

2012

 

 

 

 

 

Derivative Commodity Contracts

 

Current Assets

 

$        6,800

 

 

Long-Term Assets

 

        35,600

 

 

 

 

 

 

 

Current liabilities

 

                —

 

 

Long-term liabilities

 

                —

 

 

 

 

 

 

 

Total

 

$      42,400

Effects of Derivative Instruments on Statements of Operations [Table Text Block]
                 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

 

2012

 

2011

 

2012

 

2011

(Loss) Gain recognized in accumulated OCI

 

$     (3,600)

 

$              —

 

$    (3,600)

 

$         24,100

Gain reclassified from accumulated OCI into income

 

$    19,300

 

$      63,100

 

$   78,200

 

$       134,800

Gross Fair Values of Receivable and Payable Affiliate Balances [Table Text Block]

 

 

Gross Amounts

 

Gross Amounts

 

Net Amount of Assets

 

 

of Recognized

 

Offset in the

 

Presented in the

 

 

Assets

 

Balance Sheets

 

Balance Sheets

 

 

 

 

 

 

 

Offsetting Derivative Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable monetized gains-affiliate

 

$                           190,000

 

$                           (9,400)

 

$                                          180,600

Long-term accounts receivable monetized

gains-affiliate

 

 

              87,000

 

 

             (36,500)

 

 

                            50,500

 

 

 

 

 

 

 

Total

 

$                           277,000

 

$                           (45,900)

 

$                                          231,100

 

 

 

 

 

 

 

As of December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable monetized gains-affiliate

 

$                           248,500

 

$                           —

 

$                                          248,500

Long-term accounts receivable monetized

gains-affiliate

 

 

            163,100

 

 

                      —

 

 

                          163,100

 

 

 

 

 

 

 

Total

 

$                           411,600

 

$                           —

 

$                                          411,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Amounts

 

Gross Amounts

 

Net Amount of Liabilities

 

 

of Recognized

 

Offset in the

 

Presented in the

 

 

Liabilities

 

Balance Sheets

 

Balance Sheets

 

 

 

 

 

 

 

Offsetting Derivative Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Put premiums payable-affiliate

 

$                          (9,400)

 

$                          9,400

 

$                                          —

Long-term put premiums payable-affiliate

 

           (36,500)

 

             36,500

 

                                     —

 

 

 

 

 

 

 

Total

 

$                          (45,900)

 

$                          45,900

 

$                                          —

 

 

 

 

 

 

 

As of December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Put premiums payable-affiliate

 

$                          —

 

$                          —

 

$                                          —

Long-term put premiums payable-affiliate

 

                     —

 

                     —

 

                                     —

 

 

 

 

 

 

 

Total

 

$                          —

 

$                          —

 

$                                          —

Natural Gas Put Options [Member]
 
Derivative [Line Items]  
Commodity Derivatives [Table Text Block]

Natural Gas Put Options

 

Production

 

 

 

 

 

 

Period Ending

 

 

 

Average

 

Fair Value

December 31,

 

Volumes

 

Strike

 

Asset  (2)

 

 

(mmbtu) (1)

 

(per mmbtu) (1)

 

 

 

 

 

 

 

 

 

2012

 

              14,522

 

$                        2.80

 

$                     2,515

2013

 

              21,782

 

                 3.45

 

                       8,718

2014

 

              18,152

 

                 3.80

 

                       9,408

2015

 

              14,522

 

                 4.00

 

                       9,860

2016

 

              14,522

 

                 4.15

 

                     11,881

 

 

 

 

 

 

$                  42,382

 

____________

 

(1)                 "Mmbtu" represents million British Thermal Units.

(2)                 Fair value based on forward NYMEX natural gas prices, as applicable.