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Subsequent Events
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9 Months Ended |
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Sep. 30, 2013
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| Subsequent Events [Abstract] | |
| Subsequent Events |
SUBSEQUENT EVENTS
In October 2013, the Company entered into fixed price swaps for 30,000 MMBtu of natural gas per day at a weighted average price of $4.11 per MMBtu for the period from January 2014 through December 2014. For the period from January 2015 through April 2016, the Company entered into fixed price swaps for 40,000 MMBtu of natural gas per day at a weighted average price of $4.15 per MMBtu. The Company's fixed price swap contracts are tied to the commodity prices on NYMEX. The Company will receive the fixed price amount stated in the contract and pay to its counterparty the current market price as listed on NYMEX for natural gas.
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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