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Commitments
3 Months Ended
Mar. 31, 2017
Commitments [Abstract]  
Commitments

Note M – Commitments



The Company has entered into forward sales contracts to mitigate the price risk for a portion of its 2017 to 2020 natural gas sales volumes in Western Canada.  During the period from April to December 2017 the natural gas sales contracts call for deliveries of approximately 124 million cubic feet per day at Cdn $2.97 per MCF.  Additional contracts call for deliveries from January 2018 through December 2020 of approximately 59 million cubic feet per day at Cdn $2.81 per MCF.  These natural gas contracts have been accounted for as normal sales for accounting purposes.