At December 31, 2013, we had the following natural gas derivative contracts:
|
Contract |
|
Period |
|
Volume |
|
Fixed Price or |
|
Derivative |
|
Derivative |
|
Total Fair |
| |||
|
Swap |
|
January 2014 through March 2014 |
|
360,000 |
|
$3.82 |
|
(164,121 |
) |
— |
|
(164,121 |
) | |||
|
Collar |
|
January 2014 through December 2015 |
|
3,650,000 |
|
$4.30/$3.60 |
|
(280,392 |
) |
(296,436 |
) |
(576,828 |
) | |||
|
Collar |
|
January 2014 through December 2015 |
|
3,650,000 |
|
$4.20/$3.50 |
|
(389,638 |
) |
(413,135 |
) |
(802,773 |
) | |||
|
|
|
|
|
7,660,000 |
|
|
|
$ |
(834,151 |
) |
$ |
(709,571 |
) |
$ |
(1,543,722 |
) |
At December 31, 2012, we had the following natural gas derivative contracts:
|
Contract |
|
Period |
|
Volume |
|
Fixed Price or |
|
Derivative |
|
Derivative |
|
Derivative |
|
Total Fair |
| ||||
|
Collar |
|
January 2014 through December 2015 |
|
3,650,000 |
|
$4.30/$3.60 |
|
$ |
— |
|
$ |
— |
|
$ |
(556,636 |
) |
$ |
(556,636 |
) |
|
Collar |
|
January 2014 through December 2015 |
|
3,650,000 |
|
$4.20/$3.50 |
|
— |
|
— |
|
(796,266 |
) |
(796,266 |
) | ||||
|
Swap |
|
January 2013 through March 2013 |
|
360,000 |
|
$6.42 |
|
1,100,395 |
|
— |
|
— |
|
1,100,395 |
| ||||
|
Swap |
|
January 2013 through March 2013 |
|
540,000 |
|
$6.50 |
|
1,156,734 |
|
— |
|
— |
|
1,156,734 |
| ||||
|
Swap |
|
January 2013 through December 2013 |
|
2,190,000 |
|
$3.60 |
|
127,253 |
|
— |
|
— |
|
127,253 |
| ||||
|
Swap |
|
January 2013 through March 2014 |
|
3,640,000 |
|
$3.81 |
|
758,669 |
|
— |
|
(144,994 |
) |
613,675 |
| ||||
|
Swap |
|
January 2013 through March 2014 |
|
3,640,000 |
|
$3.82 |
|
786,716 |
|
— |
|
(138,452 |
) |
648,264 |
| ||||
|
Swap |
|
April 2013 through December 2013 |
|
2,750,000 |
|
$3.25 |
|
— |
|
(919,572 |
) |
— |
|
(919,572 |
) | ||||
|
|
|
|
|
20,420,000 |
|
|
|
$ |
3,929,767 |
|
$ |
(919,572 |
) |
$ |
(1,636,348 |
) |
$ |
1,373,847 |
|
At December 31, 2012, we had the following forward sales at NYMEX plus a fixed basis:
|
Period |
|
Volume |
|
Fixed |
| |
|
January 2013 through March 2013 |
|
450,000 |
|
$ |
0.19 |
|
|
January 2013 through March 2013 |
|
918,000 |
|
$ |
0.22 |
|
|
|
|
1,368,000 |
|
|
| |