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Commodity Price Risk Management (Tables)
 9 Months Ended
Sep. 30, 2014
Commodity Price Risk Management [Abstract]  
Commodity derivative contracts
Energy One's commodity derivative contracts as of September 30, 2014 are summarized below:

        
      
Quantity
    
Settlement Period
Counterparty
Basis
 
(Bbls/day)
 
Strike Price
 
        
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 September 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
 
$
118
  
$
(14
)
 
$
104
 
Crude oil derivative contract
Current liabilities
 
$
14
  
$
(14
)
 
$
--
 
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 September 30,
 
For the nine months ended September 30,
 
 
2014
 
2013
 
2014
 
2013
 
Realized derivative (loss) gain
 
$
(84
)
 
$
(307
)
 
$
(616
)
 
$
(274
)
Unrealized derivative (loss) gain
 
$
780
  
$
(768
)
 
$
369
  
$
(1,056
)
Total realized and unrealized derivative (loss) gain
 
$
696
  
$
(1,075
)
 
$
(247
)
 
$
(1,330
)