Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2016 and December 31, 2015 by level within the fair value hierarchy

	Level 1		Level 2		Level 3		Total
June 30, 2016
ASSETS:
Commodity contracts		—	$	1,430,318		—	$	1,430,318
LIABILITIES:
Commodity contracts		—	$	1,243,307		—	$	1,243,307
December 31, 2015
ASSETS:
Commodity contracts		—	$	5,841,395		—	$	5,841,395
LIABILITIES:
Commodity contracts		—	$	1,727,720		—	$	1,727,720