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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2014
Fair Value Measurements [Abstract]  
Variable to Fixed Price Commodity Swaps Derivative Instruments
Our derivative instruments consist of fixed price commodity swaps and a deferred premium put.
 
 
 
Fair Value Measurement
 
 
 
Level 1
 
Level 2
 
Level 3
 
Crude oil contracts
 
$
-
 
$
(2,356,485)
 
$
-
 
Marketable Securities
 
$
-
 
$
-
 
$
1,018,673