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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2014
Derivative Instruments [Abstract]  
Derivative Contracts
The following derivative contracts were in place at June 30, 2014:
 
 
 
Term
 
Monthly Volumes
 
Price/Bbl
 
Fair Value
 
Deferred premium put
 
1/16-6/16
 
9,000 Bbls
 
$
85.00
 
$
(79,830)
 
Crude oil swap
 
1/15-12/15
 
5,800 Bbls
 
$
88.55
 
 
(591,774)
 
Crude oil swap
 
9/13-12/14
 
3,000 Bbls
 
$
95.15
 
 
(148,830)
 
Crude oil swap
 
7/11-12/15
 
2,750 Bbls
 
$
83.70
 
 
(746,888)
 
Crude oil collar
 
1/14-12/14
 
1,900 Bbls
 
$
96.00
 
 
(84,569)
 
Crude oil swap
 
7/12-12/15
 
1,400 Bbls
 
$
76.74
 
 
(595,524)
 
Crude oil swap
 
1/14-12/14
 
1,380 Bbls
 
$
90.25
 
 
(109,070)
 
 
 
 
 
 
 
 
 
 
$
(2,356,485)