|
Revolving Credit Facility (Details) (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
|
|
Feb. 28, 2014
|
Dec. 20, 2013
|
Dec. 19, 2013
|
| Line of Credit Facility [Line Items] |
|
|
|
| Total borrowing commitment |
|
$ 300,000 |
$ 150,000 |
| Borrowing base |
90,000 |
90,000 |
75,000 |
| Amount outstanding |
37,000 |
|
|
| Current limited borrowing capacity on revolving credit facility |
$ 53,000 |
|
|
| Credit facility, expiration date |
Nov. 28,
2016 |
|
|
| Minimum hedge percentage of scheduled production for a rolling 24 months, as required by revolving credit facility covenants |
45.00% |
|
|
| Maximum hedge percentage of scheduled production for a rolling 24 months, as required by revolving credit facility covenants |
80.00% |
|
|
| Revolving credit facility, additional rate over LIBOR |
2.50% |
|
|
| Average interest rate |
2.70% |
|
|
| Interest rate at period end |
2.66% |
|
|
| Minimum adjusted current ratio |
1.0 |
|
|
| Minimum EBITDAX times interest and fees |
3.5 |
|
|
| Maximum funded debt to EBITDAX |
3.5 |
|
|
| Maximum funded debt to total capitalization |
0.5 |
|
|
|
Minimum [Member]
|
|
|
|
| Line of Credit Facility [Line Items] |
|
|
|
| Revolving credit facility, additional rate over Prime |
0.00% |
|
|
| Revolving credit facility, additional rate over LIBOR |
2.50% |
|
|
|
Maximum [Member]
|
|
|
|
| Line of Credit Facility [Line Items] |
|
|
|
| Revolving credit facility, additional rate over Prime |
1.00% |
|
|
| Revolving credit facility, additional rate over LIBOR |
3.25% |
|
|