Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

The following tables summarize the location and amounts of the Company’s assets and liabilities measured at fair value on a recurring basis as presented in the consolidated balance sheets as of June 30, 2015 and December 31, 2014. All items included in the tables below are Level 2 inputs within the fair value hierarchy:



	June 30, 2015
	Gross Amounts Recognized			Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets
	(In thousands)
Derivative assets
Derivative assets-current		$123,669			($9,487	)		$114,182
Derivative assets-noncurrent	20,289			(118		)	20,171
Derivative liabilities
Other current liabilities	(9,605		)	9,487			(118		)
Other liabilities	(118		)	118			—
Total		$134,235			$—			$134,235



	December 31, 2014
	Gross Amounts Recognized			Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets
	(In thousands)
Derivative assets
Derivative assets-current		$183,625			($12,524	)		$171,101
Derivative assets-noncurrent	44,725			(1,041		)	43,684
Derivative liabilities
Other current liabilities	(12,707		)	12,524			(183		)
Other liabilities	(1,058		)	1,041			(17		)
Total		$214,585			$—			$214,585

Schedule of Carrying Value and Estimated Fair Value of Debt Instruments

The following table presents the carrying amounts of long-term debt with the fair values of the Company’s senior notes and other long-term debt based on quoted market prices and the fair value of the deferred purchase payment based on indirect observable market rates.



	June 30, 2015				December 31, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
8.625% Senior Notes due 2018		$—		$—		$596,555		$597,000
7.50% Senior Notes due 2020	601,360		630,000		601,466		573,000
6.25% Senior Notes due 2023	650,000		648,375		—		—
Other long-term debt due 2028	4,425		4,204		4,425		4,071
Deferred purchase payment due 2015	—		—		148,900		148,558