ABRAXAS PETE CORP COM 003830106 584000 100000 SH SOLE 100000 0 0 ANADARKO PETE CORP COM 032511107 1802240 22000 SH SOLE 22000 0 0 ATP OIL & GAS CORP PREF 00208J702 626250 6000 SH SOLE 6000 0 0 BARRICK GOLD CORP COM 067901108 519100 10000 SH SOLE 10000 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 109530211 1309700 SH SOLE 1309700 0 0 BP PLC SPONSORED ADR 055622104 507610 11500 SH SOLE 11500 0 0 CALLON PETE CO DEL COM 13123X102 621600 80000 SH SOLE 80000 0 0 DEVON ENERGY CORP NEW COM 25179M103 1468320 16000 SH SOLE 16000 0 0 EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 724600 20000 SH SOLE 20000 0 0 ENBRIDGE ENERGY PARTNERS L P COM 29250R106 2261700 35000 SH SOLE 35000 0 0 ENTERPRISE PRODS PARTNERS LP COM 293792107 3728996 86600 SH SOLE 86600 0 0 GOLD FIELDS LTD SPONSORED ADR 38059T106 354438 20300 SH SOLE 20300 0 0 GULFPORT ENERGY CORP COM NEW 402635304 578080 16000 SH SOLE 16000 0 0 HYPERDYNAMICS CORP COM 448954107 92400 20000 SH SOLE 20000 0 0 KINROSS GOLD CORP COM 496902404 425250 27000 SH SOLE 27000 0 0 LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 2940000 2000000 SH SOLE 2000000 0 0 MARKET VECTORS ETF TR ETF 57060U100 492820 8200 SH SOLE 8200 0 0 MARKET VECTORS ETF TR JR ETF 57060Y589 490250 12500 SH SOLE 12500 0 0 OCCIDENTAL PETE CORP COM 674599105 757553 7250 SH SOLE 7250 0 0 PAA NAT GAS STORAGE L P COM UNIT LTD 693139107 6359425 270154 SH SOLE 270154 0 0 PLAINS ALL AMERN PIPELINE LP UNIT LTD PARTN 726503105 32502300 510000 SH SOLE 510000 0 0 POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 512568 16800 SH SOLE 16800 0 0 POWERSHS DB MULTI SECT COMM DB BASE METALS 73936B705 505494 20700 SH SOLE 20700 0 0 POWERSHS DB MULTI SECT COMM PS DB AGRICUL FD 73936B408 503181 14700 SH SOLE 14700 0 0 REGENCY ENERGY PARTNERS L P COM UNITS L P 75885Y107 1365500 50000 SH SOLE 50000 0 0 TARGA RESOURCES PARTNERS LP COM UNIT 87611X105 1109760 32000 SH SOLE 32000 0 0 US BANCORP DEL COM NEW 902973304 44005950 1665000 SH SOLE 1665000 0 0 WARREN RES INC COM 93564A100 509000 100000 SH SOLE 100000 0 0 WILLIAMS PARTNERS L P COM UNIT L P 96950F104 1217300 3133 SH SOLE 3133 0 0 YAMANA GOLD INC COM 98462Y100 492400 40000 SH SOLE 40000 0 0