Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Assets and Liabilities Accounted at Fair Value

The following table presents the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of March 31, 2015 and December 31, 2014 by level within the fair value hierarchy

	Level 1		Level 2		Level 3		Total
March 31, 2015
ASSETS:
Commodity contracts		—	$	13,846,635		—	$	13,846,635
LIABILITIES:
Commodity contracts		—	$	987,964		—	$	987,964
December 31, 2014
ASSETS:
Commodity contracts		—	$	8,230,156		—	$	8,230,156
LIABILITIES:
Commodity contracts		—	$	716,488		—	$	716,488