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COMMODITY PRICE RISK MANAGEMENT (Tables) | 12 Months Ended
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Dec. 31, 2013
COMMODITY PRICE RISK MANAGEMENT [Abstract] |
Commodity Derivative Contracts | Energy One's commodity derivative contracts as of December 31, 2013 are summarized below:
|  |  |  | Quantity |  |  |  |  |
Settlement Period | Counterparty | Basis |  | (Bbls/day) |  | Strike Price |
Crude Oil Costless Collar |  |  |  |  |  |  |  |  |
01/01/14 - 06/30/14 | Wells Fargo | WTI |  |  | 300 |  | Put: |  | $ | 90.00 |
|  |  |  |  |  |  | Call: |  | $ | 95.00 |
Crude Oil Costless Collar |  |  |  |  |  |  |  |  |  |  |
01/01/14 - 06/30/14 | Wells Fargo | WTI |  |  | 300 |  | Put: |  | $ | 90.00 |
|  |  |  |  |  |  | Call: |  | $ | 97.25 |
Crude Oil Costless Collar |  |  |  |  |  |  |  |  |  |  |
07/01/14 - 12/31/14 | Wells Fargo | WTI |  |  | 300 |  | Put: |  | $ | 90.00 |
|  |  |  |  |  |  | Call: |  | $ | 98.40 |
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 consolidated balance sheet, by category:
| As of December 31, 2013 |
| (in thousands) |
| Derivative Assets |  | Derivative Liabilities |
| Balance Sheet |  | Fair |  | Balance Sheet |  | Fair |
| Classification |  | Value |  | Classification |  | Value |
Crude oil costless collars | Current Asset |  | $ | 14 |  | Current Liability |  | $ | 280 |
| As of December 31, 2012 |
| (in thousands) |
| Balance Sheet |  | Fair |  | Balance Sheet |  | Fair |
| Classification |  | Value |  | Classification |  | Value |
Crude oil costless collars | Current Asset |  | $ | 472 |  | Current Liability |  | $ | -- |
Schedule of unrealized and realized derivative gain loss | The following table summarizes the unrealized and realized derivative (gain) loss presented in the accompanying statements of operations:
|  | (In thousands) |
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Realized derivative gain (loss) |  | $ | (338 | ) |  | $ | 21 |  |  | $ | (1,974 | )
Unrealized derivative gain (loss) |  | $ | (737 | ) |  | $ | 1,070 |  |  | $ | 1,126 |
Total realized and unrealized derivative gain (loss) |  | $ | (1,075 | ) |  | $ | 1,091 |  |  | $ | (848 | )

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41678-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5580258-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 + Details
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