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Derivatives And Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Credit Risk Derivatives, at Fair Value, Net [Abstract]  
Estimated Fair Value Of Derivative Instruments Under Input Levels
 
Asset Derivatives
 
Liability Derivatives
  
June 30, 2014
 
December 31, 2013
 
June 30, 2014
 
December 31, 2013
 
 
 
 
 
 
 
 
 
(in thousands)
 
(in thousands)
Level 2 derivative instruments
$
74,307

 
$
107,395

 
$
5,969

 
$
3,448

Level 3 derivative instruments
2,184

 
23,485

 
7,717

 

Total
$
76,491

 
$
130,880

 
$
13,686

 
$
3,448

Changes In Level 3 Fair Values
 
For the Three Months Ended
June 30,
 
2014
 
2013
 
 
 
 
 
(In thousands)
Balance at beginning of period
$
7,201

 
$
(9,037
)
Total gains (losses) for the period:
 
 
 
Unrealized gain (loss) on derivatives
(13,434
)
 
556

Settlements in net derivative gains (losses)
700

 
(1,392
)
Balance at end of period
$
(5,533
)
 
$
(9,873
)
 
 
 
 
Total gains (losses) included in net derivative gains (losses) attributable to the change in unrealized gains (losses) related to assets still held at the reporting date
$
(11,385
)
 
$
2,854

 
 
For the Six Months Ended
June 30,
 
2014
 
2013
 
 
 
 
 
(In thousands)
Balance at beginning of period
$
23,485

 
$
(4,931
)
Total gains (losses) for the period:
 
 
 
Unrealized gain (loss) on derivatives
(31,317
)
 
538

Settlements in net derivative gains (losses)
2,299

 
(5,480
)
Balance at end of period
$
(5,533
)
 
$
(9,873
)
 
 
 
 
Total gains (losses) included in net derivative gains (losses) attributable to the change in unrealized gains (losses) related to assets still held at the reporting date
$
(26,961
)
 
$
2,762

Marketable Securities
 
June 30, 2014
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
(net carrying amount)
 
 
 
 
 
 
 
 
 
(In thousands)
Marketable securities (available-for-sale)
 
 
 
 
 
 
 
Commercial paper
9,987

 

 

 
9,987

Marketable securities
$
9,987

 
$

 
$

 
$
9,987

 
December 31, 2013
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Market Value
 
 
 
 
 
 
 
 
 
(In thousands)
Marketable securities (held-to-maturity)
 
 
 
 
 
 
 
Time deposits
$
29,419

 
$

 
$
(22
)
 
$
29,397

Commercial paper
136,924

 
27

 
(25
)
 
136,926

Marketable securities
$
166,343

 
$
27

 
$
(47
)
 
$
166,323

Price Collars And Swaps For Anticipated Natural Gas And NGL Production
Production
Year
 
Daily Production
Volume
 
 
Natural Gas
 
NGL
 
Natural Gas Basis Swaps
 
 
MMcfd
 
MBbld
 
MMcfd
Remaining 2014 (1)
 
170
 
4
 
40
2015
 
150
 
 
2016-2021
 
40
 
 

(1) 
Our 2014 NGL derivatives end in September. Our natural gas derivatives and AECO to NYMEX natural gas basis swaps are in place for the whole of 2014.
Estimated Fair Value Of Derivative Instruments
 
Asset Derivatives
 
 
Liability Derivatives
 
June 30, 2014
 
December 31, 2013
 
 
June 30, 2014
 
December 31, 2013
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
 
(In thousands)
Derivatives not designated as hedges:
 
 
 
 
 
 
 
 
Commodity contracts reported in:
 
 
 
 
 
 
 
 
Current derivative assets
$
51,361

 
$
60,063

 
 
$
2,907

 
$
2,540

Noncurrent derivative assets
69,847

 
105,315

 
 
41,810

 
31,958

Current derivative liabilities

 

 
 
5,965

 
3,125

Noncurrent derivative liabilities
25

 

 
 
7,746

 
323

Total derivatives not designated as hedges
$
121,233

 
$
165,378

 
 
$
58,428

 
$
37,946