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Commodity Price Risk Management (Tables) | 6 Months Ended
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Jun. 30, 2014
Commodity Price Risk Management [Abstract] |
Commodity derivative contracts | Energy One's commodity derivative contracts as of June 30, 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 June 30, 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 |  | $ | 33 |  |  | $ | (33 | ) |  | $ | -- |
Crude oil derivative contract |  | Current liabilities |  | $ | 710 |  |  | $ | (33 | ) |  | $ | 677 |
|  |  |  | 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 June 30, |  |  | For the six months ended June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Realized derivative (loss) gain |  | $ | (374 | ) |  | $ | 19 |  |  | $ | (532 | ) |  | $ | 33 |
Unrealized derivative (loss) gain |  | $ | (238 | ) |  | $ | 328 |  |  | $ | (411 | ) |  | $ | (288 | )
Total realized and unrealized derivative (loss) gain |  | $ | (612 | ) |  | $ | 347 |  |  | $ | (943 | ) |  | $ | (255 | )

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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 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41678-113959 Reference 2: 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 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=35706170&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 1A -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579245-113959 Reference 5: 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=35706170&loc=SL5580258-113959 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=35706170&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=35706170&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 4 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41638-113959 Reference 9: 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=35706170&loc=SL5624171-113959 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=35706170&loc=SL5624163-113959 Reference 11: 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=26873400&loc=d3e23780-122690 + Details
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