Fair Value (Tables)

6 Months Ended

Jun. 30, 2014

Assets and Liabilities Measured At Fair Value

The following tables set forth information about the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013, and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value (in thousands):



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of June 30, 2014
Assets:
NYMEX Fixed Price Derivative contracts	$	—	$	113	$	—	$	113
Total Assets	$	—	$	113	$	—	$	113
Liabilities:
NYMEX Fixed Price Derivative contracts	$	—	$	12,103	$	—	$	12,103
Total Liabilities	$	—	$	12,103	$	—	$	12,103



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of December 31, 2013
Assets:
NYMEX Fixed Price Derivative contracts	$	—	$	1,010	$	—	$	1,010
Total Assets	$	—	$	1,010	$	—	$	1,010
Liabilities:
NYMEX Fixed Price Derivative contracts	$	—	$	5,002	$	—	$	5,002
Total Liabilities	$	—	$	5,002	$	—	$	5,002