FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2013

Fair value information related to our derivative instruments measured at fair value on a recurring basis was as follows at March 31, 2013:

	Total			Fair Value Measurements Using
	Carrying Value			Level 1		Level 2			Level 3
Derivatives
Commodity price contracts (assets)	$	234,413		$	—	$	234,413		$	—
Commodity price contracts (liabilities)		(157,399	)		—		(157,399	)		—
Total	$	77,014		$	—	$	77,014		$	—

Fair value information for related to our derivative instruments measured at fair value was as follows at December 31, 2012:

	Total		Fair Value Measurements Using
	Carrying Value		Level 1		Level 2		Level 3
Derivatives
Commodity price contracts	$	1,960,005	$	—	$	1,960,005	$	—