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Commodity Price Risk Management (Tables)
 3 Months Ended
Mar. 31, 2014
Commodity Price Risk Management [Abstract]  
Commodity derivative contracts
Energy One's commodity derivative contracts as of March 31, 2014 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 
Crude Oil Costless Collar
                
07/01/14 - 12/31/14
 
 Wells Fargo
 
 WTI
  300 
Put:
 $90.00 
            
Call:
 $97.40 
 
Fair value of derivatives recorded in applicable consolidated balance sheet, by category
The following table details the fair value of the Company’s derivative instruments, including the gross amounts and adjustments made to net the derivative instruments for the presentation in the consolidated balance sheet (in thousands):


             
     
As of March 31, 2014
 
Underlying Commodity
Location on Balance Sheet
 
Gross amounts of recognized assets and liabilities
  
Gross amounts offset in the condensed consolidated balance sheet
  
Net amounts of assets and liabilities presented in the condensed consolidated balance sheet
 
             
Crude oil derivative contract
Current assets
 $280  $(280) $-- 
Crude oil derivative contract
Current liabilities
 $719  $(280) $439 
                
                
     
As of December 31, 2013
 
Underlying Commodity
Location on Balance Sheet
 
Gross amounts of recognized assets and liabilities
  
Gross amounts offset in the condensed consolidated balance sheet
  
Net amounts of assets and liabilities presented in the condensed consolidated balance sheet
 
                
Crude oil derivative contract
Current assets
 $345  $(331) $14 
Crude oil derivative contract
Current liabilities
 $611  $(331) $280 
Schedule of unrealized and realized derivative gain loss
The following table summarizes the unrealized and realized gains and losses presented in the accompanying statements of operations:


        
   
(In thousands)
 
   
For the three months ended March 31,
 
   
2014
  
2013
 
Realized derivative gain (loss)
 $(158) $14 
Unrealized derivative gain (loss)
 $(173) $(616)
Total realized and unrealized derivative gain (loss)
 $(331) $(602)