Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.8.0.1
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table summarizes the valuation of our assets and liabilities that are measured at fair value on a recurring basis.
 
 
 
Fair Value Measurement Classification
 
 
 
 
 
 
Quoted prices in 
Actives Markets 
for Identical Assets
or (Liabilities) 
(Level 1)
 
Significant Other 
Observable Inputs
(Level 2)
 
Significant 
Unobservable 
Inputs (Level 3)
 
Total
 
As of March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Oil and gas derivative contracts
 
$
-
 
$
(4,758,987)
 
$
-
 
$
(4,758,987)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
-
 
$
(4,758,987)
 
$
-
 
$
(4,758,987)