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Physical Delivery Contracts and Gas Derivatives (Tables)

6 Months Ended

Jun. 30, 2012

Physical Delivery Contracts and Gas Derivatives

Agreement	Remaining		Fixed Price	Floating Price Nytis LLC
Type	Term	Quantity	Counterparty Payer	Payer
Swap	7/12 - 12/12	10,000 MMBtu/month	$5.07/ MMBtu	(a)
Swap	7/12 - 3/13	40,000 MMBtu/month	$2.78/ MMBtu	(a)
Swap	7/12 - 12/12	1,000 Bbl/month	$106.25/ Bbl	(b)
Swap	1/13 - 12/13	500 Bbl/month	$87.70/Bbl	(b)

Schedule of fair value of the derivatives recorded

(in thousands)	June 30, 2012		December 31, 2011
Derivative contracts:
Current assets	$	131	$	308
Current liabilities	$	—	$	—

Schedule of realized and unrealized gains and losses

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2012			2011			2012			2011
Commodity derivative contracts:
Realized gains (losses)	$	184		$	77		$	318		$	184
Unrealized (losses) gains	(154		)	(13		)	(177		)	(59		)

Total realized and unrealized gains, net	$	30		$	64		$	141		$	125

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details