XML 24 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Instruments (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2012
Commodity price derivative instruments
Dec. 31, 2012
Commodity price derivative instruments
West Texas Intermediate crude oil
Jan 2013-Dec 2013
Swap
Not Designated
MBbls
Dec. 31, 2012
Commodity price derivative instruments
Brent crude oil
Jan 2013-Dec 2013, two
Swap
Not Designated
MBbls
Dec. 31, 2012
Commodity price derivative instruments
Brent crude oil
Jan 2013-Jun 2013
Swap
Not Designated
MBbls
Dec. 31, 2012
Commodity price derivative instruments
Brent crude oil
Jan 2013-Dec 2013, three
Swap
Not Designated
MBbls
Dec. 31, 2012
Commodity price derivative instruments
Brent crude oil
Jan 2013-Mar 2013
Swap
Not Designated
MBbls
Dec. 31, 2012
Commodity price derivative instruments
Brent crude oil
Apr 2013-Jun 2013
Swap
Not Designated
MBbls
Dec. 31, 2012
Commodity price derivative instruments
Brent crude oil
Jul 2013-Sep 2013
Swap
Not Designated
MBbls
Dec. 31, 2012
Commodity price derivative instruments
Brent crude oil
Oct 2012-Dec 2012
Swap
Not Designated
MBbls
Feb. 08, 2013
Commodity price derivative instruments
Brent crude oil
Jan 2014-Dec 2014
Swap
Not Designated
MBbls
Dec. 31, 2012
Commodity price derivative instruments
Brent crude oil
Jan 2014-Dec 2014
Swap
Not Designated
MBbls
Feb. 08, 2013
Commodity price derivative instruments
Brent crude oil
Jan 2014 - Jun 2014
Swap
Not Designated
MBbls
Dec. 31, 2012
Commodity price derivative instruments
Henry Hub NYMEX natural gas
Jan 2013-Dec 2013
Collar
Not Designated
MMBTU
Dec. 31, 2012
Commodity price derivative instruments
Henry Hub NYMEX natural gas
Jan 2013-Dec 2013, two
Collar
Not Designated
MMBTU
Dec. 31, 2012
Commodity price derivative instruments
Henry Hub NYMEX natural gas
Jan 2013-Jun 2013
Collar
Not Designated
MMBTU
Dec. 31, 2012
Commodity price derivative instruments
Henry Hub NYMEX natural gas
Jan 2013-Dec 2013, three
Collar
Not Designated
MMBTU
Dec. 31, 2012
Commodity price derivative instruments
Henry Hub NYMEX natural gas
Jan 2013-Dec 2014, one
Collar
Not Designated
MMBTU
Dec. 31, 2012
Commodity price derivative instruments
Henry Hub NYMEX natural gas
Jan 2013-Dec 2014, two
Collar
Not Designated
MMBTU
DERIVATIVE INSTRUMENTS                                          
Net assets for derivative instruments $ 2,000,000 $ 4,200,000                                      
Unrealized (loss) gain on derivative instruments (2,288,189) 454,906 (6,500,825)                                    
Volume/Month (in Bbls or Mmbtu)         14 9 6 6 11 7 6 3 6 7.5 2 75,000 75,000 50,000 35,000 42,500 42,500
Price/Unit (in dollars per Bbls or per Mmbtu)         101.25 109.13 108.35 107.10 106.90 104.80 103.47 102.30 106.40 102.10 108.07            
Floor Price/Unit (in dollars per Bbls or per Mmbtu)                               3.00 3.25 3.75 3.75 3.75 3.50
Cap Price/Unit (in dollars per Bbls or per Mmbtu)                               4.25 4.00 4.00 4.21 4.60 5.00
Fair value of derivative asset         1,346,343 232,424   9,047           9,304     124 113,637 131,550 217,794 146,480
Fair value of derivative liability             (9,626)   (87,050) (60,153) (45,781) (21,320)       (22,768)          
Total net fair value of derivative assets       $ 1,960,005