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Commitments
6 Months Ended
Jun. 30, 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 the second half of 2015 and for the full year of 2016 of approximately 65 million cubic feet per day and 59 million cubic feet per day, respectively, at prices that average Cdn $4.13 and Cdn $3.19 per MCF in the respective period.  These natural gas contracts have been accounted for as normal sales for accounting purposes.