XML 33 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Commitments
6 Months Ended
Jun. 30, 2016
Commitments [Abstract]  
Commitments





Note M – Commitments



The Company has entered into forward sales contracts to mitigate the price risk for a portion of its 2016 to 2020 natural gas sales volumes in Western Canada.  The natural gas sales contracts call for deliveries during the last six months of 2016 of approximately 99 million cubic feet per day (MMCFD) at C$3.00 per MCF and 40 MMCFD at C$2.71 per MCF from January 2017 through December 2020In July 2016, the Company entered into an additional 19 MMCFD of natural gas sales contracts for the January 2017 through December 2020 period at C$3.00 per MCF.  These natural gas contracts have been accounted for as normal sales for accounting purposes.