XML 32 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments
9 Months Ended
Sep. 30, 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 October to December 2017 the natural gas sales contracts call for deliveries of 124 million cubic feet per day at Cdn $2.97 per MCF.  During the period from January 2018 through December 2020 the natural gas sales contracts call for deliveries of 59 million cubic feet per day at Cdn $2.81 per MCF.  During the period from November 2017 through March 2018 the natural gas sales contracts call for deliveries of 20 million cubic feet per day at US $3.51 per MCF.



These natural gas contracts have been accounted for as normal sales for accounting purposes.