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Price risk management activities (Details) (USD $)
6 Months Ended 12 Months Ended
Jun. 30, 2013
Dec. 31, 2012
MMBbls
Fair Value of Outstanding Derivatives Contracts $ 155,744 [1],[2] $ 290,788 [1],[2]
March 2011 Swap
   
Beginning Date Apr. 01, 2011 [1]  
Ending Date Feb. 28, 2013 [1]  
Price Per Unit   104.55
Volumes Per Month   1,000 [1]
Fair Value of Outstanding Derivatives Contracts    [1],[2] 41,019 [1],[2]
November 2011 Swap
   
Beginning Date Dec. 01, 2011 [1]  
Ending Date Nov. 30, 2014 [1]  
Price Per Unit   93.50
Volumes Per Month   2,000 [1]
Fair Value of Outstanding Derivatives Contracts    [1],[2] 44,942 [1],[2]
February 2012 Swap
   
Beginning Date Mar. 01, 2012 [1]  
Ending Date Feb. 28, 2014 [1]  
Price Per Unit   106.50
Volumes Per Month   1,000 [1]
Fair Value of Outstanding Derivatives Contracts    [1],[2] 204,827 [1],[2]
February 2013 Swap
   
Beginning Date Mar. 01, 2013 [1]  
Ending Date Nov. 01, 2014 [1]  
Price Per Unit 93.50  
Volumes Per Month 2,000 [1]  
Fair Value of Outstanding Derivatives Contracts 48,570 [1],[2]    [1],[2]
February 2013 Swap 2
   
Beginning Date Mar. 01, 2013 [1]  
Ending Date Feb. 01, 2014 [1]  
Price Per Unit 106.50  
Volumes Per Month 1,000 [1]  
Fair Value of Outstanding Derivatives Contracts $ 107,174 [1],[2]    [1],[2]
[1] These crude oil hedges were entered into on a per barrel delivered price basis, using the NYMEX - West Texas Intermediate Index, with settlement for each calendar month occuring following the expiration date, as determined by the contracts.
[2] The fair value of the Company's outstanding transactions is presented on the balance sheet by counterparty. Currently all of our derivatives are with the same counterparty. The balance is shown as current or long-term based on our estimates of the amounts that will be due in the relevant time periods at currently predicted price levels. Amounts in parentheses indicate liabilities.