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Commodity Price Risk Management (Tables)

3 Months Ended

Mar. 31, 2013

Commodity Price Risk Management [Abstract]

Commodity Derivative Contracts

Energy One's commodity derivative contracts as of March 31, 2013 are summarized below:

						Quantity
Settlement Period		Counterparty		Basis		(Bbls/day)			Strike Price
Crude Oil Costless Collar
10/01/12 - 03/31/13		Wells Fargo		WTI			200		Put:		$	85.00
									Call:		$	101.00
Crude Oil Costless Collar
01/01/13 - 06/30/13		Wells Fargo		WTI			200		Put:		$	90.00
									Call:		$	105.75
Crude Oil Costless Collar
04/01/13 - 06/30/13		Wells Fargo		WTI			200		Put:		$	90.00
									Call:		$	97.50
Crude Oil Costless Collar
10/01/12 - 09/30/13		BNP Paribas		WTI			200		Put:		$	95.00
									Call:		$	116.60
Crude Oil Costless Collar
07/01/13 - 09/30/13		Wells Fargo		WTI			400		Put:		$	90.00
									Call:		$	97.50
Crude Oil Costless Collar
10/01/13 - 12/31/13		Wells Fargo		WTI			600		Put:		$	90.00
									Call:		$	97.50
Crude Oil Costless Collar
01/01/14 - 06/30/14		Wells Fargo		WTI			300		Put:		$	90.00
									Call:		$	95.00

Fair Value of Derivatives Recorded in Applicable Consolidated Balance Sheet, By Category

The following table details the fair value of the derivatives recorded in the applicable condensed consolidated balance sheet, by category:

	As of March 31, 2013
	(in thousands)
	Derivative Assets					Derivative Liabilities
	Balance Sheet		Fair			Balance Sheet		Fair
	Classification		Value			Classification		Value
Crude oil costless collars	Current Asset		$	-		Current Liability		$	145

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