Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 September 30, 2016 and December 31, 2015 by level within the fair value hierarchy

	Level 1	Level 2		Level 3	Total
September 30, 2016
ASSETS:
Commodity contracts		$	2,196,635		$	2,196,635
LIABILITIES:
Commodity contracts		$	372,480		$	372,480
December 31, 2015
ASSETS:
Commodity contracts		$	5,841,395		$	5,841,395
LIABILITIES:
Commodity contracts		$	1,727,720		$	1,727,720