Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [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, 2016 and December 31, 2015 by level within the fair value hierarchy

	Level 1		Level 2		Level 3		Total
March 31, 2016
ASSETS:
Commodity contracts		—	$	5,911,358		—		5,911,358
LIABILITIES:
Commodity contracts		—	$	1,542,891		—		1,542,891
December 31, 2015
ASSETS:
Commodity contracts		—	$	5,841,395		—	$	5,841,395
LIABILITIES:
Commodity contracts		—	$	1,727,720		—	$	1,727,720