XML 32 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMMODITY DERIVATIVES (Tables)
 12 Months Ended
Dec. 31, 2012
COMMODITY DERIVATIVES [Abstract]  
Commodity Derivative Positions to Hedge Oil Production Price risk
In January and April 2012, we entered the following commodity derivatives positions to hedge our oil production price risk. No positions were outstanding at December 31, 2012.

Period
 
Volume (Barrels)
 
 
$/Barrel
 
 
Daily
 
 
Total
 
 
Floor
 
 
Ceiling
 
NYMEX –WTI Collars January 2012 – June 2012
 
 
 200
 
 
 
 18,200
 
 
$
 95.00
 
 
$
 106.50
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NYMEX –WTI Collars July 2012 – December 2012
 
 
 200
 
 
 
 18,400
 
 
$
 95.00
 
 
$
 110.30