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Subsequent Events (Tables)
3 Months Ended
Mar. 31, 2013
Commodity volumes under derivative contracts

The Company had the following commodity volumes under derivative contracts as of March 31, 2013:

 

 

 

 

 

 

 

Type of Contract

Remaining
Contractual
Volume (Mcf)

Term

Price

Price
Index (1)

 

 

 

 

 

 

 

 

 

 

 

Fixed Price Swap

1,650,000

01/13-12/13

$5.16

 

NYMEX

Costless Collar

1,650,000

01/13-12/13

$5.00

floor

NYMEX

 

 

 

$5.35

ceiling

 

Costless Collar

1,620,000

01/13-12/13

$3.25

floor

NYMEX

 

 

 

$4.00

ceiling

 

Fixed Price Swap

1,825,000

01/14-12/14

$4.27

 

NYMEX

Fixed Price Swap

1,800,000

01/14-12/14

$4.20

 

NYMEX

Costless Collar

1,800,000

01/14-12/14

$4.00

floor

NYMEX

 

 

 

$4.50

ceiling

 

 

 

 

 

 

 

Total

10,345,000

 

 

 

 

 

 

 

 

 

 

(1)              New York Mercantile Exchange (“NYMEX”).

One New Commodity Contract
 
Commodity volumes under derivative contracts

In April 2013, the Company entered into one new commodity contract, as summarized below (volume is expressed in MMcf and contracts are indexed to NYMEX).

 

 

 

 

 

Type of Contract

Remaining
Contractual
Volume

Term

Price

 

 

 

 

Fixed Price Swap

              3,000,000             

              01/15-12/15             

$              4.28             

 

 

Total

              3,000,000