Gulfport Energy Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2012

The following tables summarize the Company’s financial and non-financial liabilities by FASB ASC 820 valuation level as of December 31, 2012 and 2011:



	December 31, 2012
	Level 1		Level 2		Level 3
Assets:
Fixed price swaps	$	—	$	664,000	$	—
Equity investment in Diamondback	151,317,000		—		—
Liabilities:
Fixed price swaps	$	—	$	10,442,000	$	—

	December 31, 2011
	Level 1		Level 2		Level 3
Assets:
Fixed price swaps	$	—	$	1,601,000	$	—
Liabilities:
Fixed price swaps	$	—	$	—	$	—

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

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+ Details