Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments [Table Text Block]

The following table summarizes the commodity swap contracts entered into by the Company as of September 30, 2014. The Company will pay the price for the volumes denoted in the table below and will receive from a counterparty the CIG – Rockies IFERC market price for these volumes, settled monthly.

Product	Type	Contract Period	Volume	Price per MMBtu
CIG - Rockies - IFERC Natural Gas	Swap	11/01/14 - 3/31/15	500 MMBtu/Day	$	3.980
CIG - Rockies - IFERC Natural Gas	Swap	11/01/14 - 3/31/15	500 MMBtu/Day	$	4.075

Derivative Instruments, Gain (Loss) [Table Text Block]

The table below summarizes the amount of gain recognized as a component of Net income from the contracts.

Unrealized gain (loss) on derivative instruments not designated as hedging  instruments	Location of Gain recognized in Net Income on Derivatives	Three Months Ended September 30,				Nine Months Ended September 30,
		2014		2013		2014		2013
Commodity swap contracts	Other income, net	$	8,419	$	-	$	8,419	$	-

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The table below shows the line item in the Company’s Condensed Consolidated Balance Sheets where the fair value of the commodity swap contracts is included.

Fair Value of Derivative Instruments

	Asset Derivatives
		September 30,		December 31,
	Balance Sheet Location	2014		2013
Derivatives not designated as hedging instruments
Commodity swap contracts	Derivative instruments	$	8,419	$	-