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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value of Financial Instruments [Abstract]  
Fair Value of Derivative Instruments [Table Text Block]

 

Level 1

 

Level 2

 

Level 3

 

Total

As of December 31, 2012

 

 

 

 

 

 

 

Derivative assets, gross

 

 

 

 

 

 

 

Commodity swaps

$             —

 

$       283,700

 

$             —

 

$      283,700

Commodity puts

                —

 

         192,100

 

                —

 

        192,100

Total derivative assets, gross

                —

 

           475,800

 

                —

 

        475,800

Derivative liabilities, gross

 

 

 

 

 

 

 

Commodity swaps

                —

 

          (57,500)

 

                —

 

         (57,500)

Commodity puts

                —

 

                    —

 

                —

 

                   —

Total derivative liabilities, gross

                —

 

          (57,500)

 

                —

 

         (57,500)

 

 

 

 

 

 

 

 

Total derivatives, fair value, net

$             —

 

$       418,300

 

$             —

 

$      418,300

 

 

 

 

 

 

 

 

As of December 31, 2011

 

 

 

 

 

 

 

Derivative assets, gross

 

 

 

 

 

 

 

Commodity swaps

$             —

 

$                   —

 

$             —

 

$             —

Commodity puts

                —

 

                     —

 

                —

 

                —

Total derivative assets, gross

                —

 

                     —

 

                —

 

                —

Derivative liabilities, gross

 

 

 

 

 

 

 

Commodity swaps

                —

 

                     —

 

                —

 

                —

Commodity puts

                —

 

                     —

 

                —

 

                —

Total derivative liabilities, gross

                —

 

                     —

 

                —

 

                —

 

 

 

 

 

 

 

 

Total derivatives, fair value, net

$             —

 

$                   —

 

$             —

 

$             —

Assets Measured at Fair Value on a Non-Recurring Basis [Table Text Block]

 

Years Ended December 31,

 

2012

 

2011

 

Level 3

 

Total

 

Level 3

 

Total

Asset retirement obligations

$   600

 

$   600

 

$118,100

 

$118,100