XML 60 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
Commitments
3 Months Ended
Mar. 31, 2015
Commitments [Abstract]  
Commitments

 

Note N – Commitments

 

The Company has entered into forward sales contracts to mitigate the price risk for a portion of its 2015 and 2016 natural gas sales volumes in Western Canada.  The natural gas sales contracts call for deliveries in 2015 and 2016 of approximately 65 million cubic feet per day and 9 million cubic feet per day, respectively, at prices that average Cdn $4.13 per MCF for both periods.  These natural gas contracts have been accounted for as normal sales for accounting purposes.