Accounting Policies And Disclosures	6 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]
Accounting Policies And Disclosures	ACCOUNTING POLICIES, DISCLOSURES AND NATURE OF OPERATIONS The accompanying condensed consolidated interim financial statements have not been audited. In management’s opinion, the accompanying condensed consolidated interim financial statements contain all adjustments necessary to fairly present our financial position as of June 30, 2014 and our results of operations and cash flows for the periods presented. All such adjustments are of a normal recurring nature unless otherwise noted. The results for interim periods are not necessarily indicative of annual results. The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during each reporting period. We believe our estimates and assumptions are reasonable; however, such estimates and assumptions are subject to a number of risks and uncertainties, which may cause actual results to differ materially from management’s estimates. Certain disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these financial statements should be read in conjunction with our consolidated financial statements and notes thereto included in our 2013 Annual Report on Form 10-K. Our ability to borrow under our Combined Credit Agreements depends on our global borrowing base, which is scheduled to be redetermined twice each year. A reduction to the global borrowing base during the spring or autumn redetermination, or upon a special redetermination requested by our administrative agent under the Combined Credit Agreements, would adversely impact our liquidity and ability to meet our future obligations. Our derivatives are included in the global borrowing base. Most of our derivative positions expire at year-end 2015. The expiration of these derivatives will adversely affect our global borrowing base, and absent an improvement in natural gas and NGL prices, significant deleveraging from a strategic transaction, reduced interest costs on our debt through refinancing, significant cost savings through avoidance or deferral, or operational efficiencies, we expect to need additional sources of liquidity, including additional debt or equity financing or proceeds from asset sales, at the beginning of 2016 assuming no material debt maturities prior to that date. In addition, we are exploring a potential partnership for our Horn River Asset, which if successful could defray our need to make or fund significant capital investments in the Horn River Asset but would also reduce our global borrowing base if not offset by the effects of any related debt reduction. While we believe that we will be able to comply with the financial covenants contained in our Combined Credit Agreements through the third quarter of 2015, we do not expect to exceed the required levels by a significant margin, particularly the interest coverage covenant under our Combined Credit Agreements. Accordingly, even a modest decline in prices for natural gas and NGLs, our failure to achieve anticipated cost savings through avoidance or deferral or operational efficiencies, our failure to execute certain asset purchases or the inaccuracy in any material respect of any of the other assumptions underlying our forecast could cause us to fail to comply with the financial covenants contained in the Combined Credit Agreements. Due to step-ups in the interest coverage requirements that begin to take effect in 2015, absent an improvement in natural gas and NGL prices, significant deleveraging from a strategic transaction, reduced interest costs on our debt through refinancing, significant cost savings through avoidance or deferral, or operational efficiencies, we do not expect to comply with our interest coverage covenant under our Combined Credit Agreements beginning in the fourth quarter of 2015 and expect that we would need to seek additional covenant relief under the Combined Credit Agreements. In addition, we have benefitted from our natural gas derivatives, which have resulted in cash proceeds being greater than the prevailing price for natural gas. Without the benefit of these derivatives, most of which expire at year-end 2015, our interest coverage ratio would be less than 1:1 and we would not be in compliance with the interest coverage covenant under our Combined Credit Agreements. Any inability to comply with the financial covenants contained in our Combined Credit Agreements, unless waived or amended by the requisite lenders, could materially and adversely affect our liquidity by precluding further borrowings under our credit facilities and by accelerating the maturity of our debt. We may be unsuccessful in obtaining the necessary waivers or amendments. In addition, we have significant fixed and springing debt maturities in 2015 and 2016, including the Combined Credit Agreements, the Second Lien Term Loan, the Second Lien Notes and the Senior Subordinated Notes. We do not expect to be able to satisfy these obligations with our cash on hand, committed financing or cash flow from operations. In order to satisfy these obligations we will need to obtain additional debt or equity financing or to sell assets, which we may not be able to do on satisfactory terms or at all. We are limited in our ability to incur additional debt by the indenture restrictions as more fully described in Note 5. We may also seek to address the springing maturities by refinancing all or a portion of our Senior Subordinated Notes. If we are unsuccessful in obtaining adequate financing, we may not be able to satisfy such obligations when they mature. Although we have been in discussions on a potential partnership for our Horn River Asset and have proposed transaction terms, we do not have an agreement on any material terms, including structure or valuation. Accordingly, we continue discussions with parties who, as a group, have maintained interest in our Horn River Asset as well as new parties who have approached us regarding a potential transaction. We are also considering parallel marketing strategies for this asset. We may be unsuccessful in consummating a transaction involving our Horn River Asset on acceptable terms or at all. We have retained Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Houlihan Lokey Capital, Inc., Bengal Expeditionary Partners LLC and other advisors to assist us in one or more of the following exercises: the evaluation of options to address near-term debt maturities and enhance our liquidity position and the evaluation of various strategic alternatives, including the acquisition or monetization of assets, as well as the potential sale of the Horn River Asset, our Canadian subsidiary or the Company. Recently Issued Accounting Standards In May 2014, the FASB issued accounting guidance, “Revenue from Contracts with Customers,” requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The updated standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either the retrospective or cumulative effect transition method. Early adoption is not permitted. The updated standard becomes effective for us in the first quarter of 2017. We have not yet selected a transition method and we are currently evaluating the effect, if any, that the updated standard will have on our consolidated financial statements and related disclosures. No other pronouncements materially affecting our financial statements have been issued since the filing of our 2013 Annual Report on Form 10-K.

ACCOUNTING POLICIES, DISCLOSURES AND NATURE OF OPERATIONS

The accompanying condensed consolidated interim financial statements have not been audited. In management’s opinion, the accompanying condensed consolidated interim financial statements contain all adjustments necessary to fairly present our financial position as of June 30, 2014 and our results of operations and cash flows for the periods presented. All such adjustments are of a normal recurring nature unless otherwise noted. The results for interim periods are not necessarily indicative of annual results.

The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during each reporting period. We believe our estimates and assumptions are reasonable; however, such estimates and assumptions are subject to a number of risks and uncertainties, which may cause actual results to differ materially from management’s estimates.

Certain disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these financial statements should be read in conjunction with our consolidated financial statements and notes thereto included in our 2013 Annual Report on Form 10-K.

Our ability to borrow under our Combined Credit Agreements depends on our global borrowing base, which is scheduled to be redetermined twice each year. A reduction to the global borrowing base during the spring or autumn redetermination, or upon a special redetermination requested by our administrative agent under the Combined Credit Agreements, would adversely impact our liquidity and ability to meet our future obligations. Our derivatives are included in the global borrowing base. Most of our derivative positions expire at year-end 2015. The expiration of these derivatives will adversely affect our global borrowing base, and absent an improvement in natural gas and NGL prices, significant deleveraging from a strategic transaction, reduced interest costs on our debt through refinancing, significant cost savings through avoidance or deferral, or operational efficiencies, we expect to need additional sources of liquidity, including additional debt or equity financing or proceeds from asset sales, at the beginning of 2016 assuming no material debt maturities prior to that date. In addition, we are exploring a potential partnership for our Horn River Asset, which if successful could defray our need to make or fund significant capital investments in the Horn River Asset but would also reduce our global borrowing base if not offset by the effects of any related debt reduction.

While we believe that we will be able to comply with the financial covenants contained in our Combined Credit Agreements through the third quarter of 2015, we do not expect to exceed the required levels by a significant margin, particularly the interest coverage covenant under our Combined Credit Agreements. Accordingly, even a modest decline in prices for natural gas and NGLs, our failure to achieve anticipated cost savings through avoidance or deferral or operational efficiencies, our failure to execute certain asset purchases or the inaccuracy in any material respect of any of the other assumptions underlying our forecast could cause us to fail to comply with the financial covenants contained in the Combined Credit Agreements. Due to step-ups in the interest coverage requirements that begin to take effect in 2015, absent an improvement in natural gas and NGL prices, significant deleveraging from a strategic transaction, reduced interest costs on our debt through refinancing, significant cost savings through avoidance or deferral, or operational efficiencies, we do not expect to comply with our interest coverage covenant under our Combined Credit Agreements beginning in the fourth quarter of 2015 and expect that we would need to seek additional covenant relief under the Combined Credit Agreements. In addition, we have benefitted from our natural gas derivatives, which have resulted in cash proceeds being greater than the prevailing price for natural gas. Without the benefit of these derivatives, most of which expire at year-end 2015, our interest coverage ratio would be less than 1:1 and we would not be in compliance with the interest coverage covenant under our Combined Credit Agreements. Any inability to comply with the financial covenants contained in our Combined Credit Agreements, unless waived or amended by the requisite lenders, could materially and adversely affect our liquidity by precluding further borrowings under our credit facilities and by accelerating the maturity of our debt. We may be unsuccessful in obtaining the necessary waivers or amendments.

In addition, we have significant fixed and springing debt maturities in 2015 and 2016, including the Combined Credit Agreements, the Second Lien Term Loan, the Second Lien Notes and the Senior Subordinated Notes. We do not expect to be able to satisfy these obligations with our cash on hand, committed financing or cash flow from operations. In order to satisfy these obligations we will need to obtain additional debt or equity financing or to sell assets, which we may not be able to do on satisfactory terms or at all. We are limited in our ability to incur additional debt by the indenture restrictions as more fully described in Note 5. We may also seek to address the springing maturities by refinancing all or a portion of our Senior Subordinated Notes. If we are unsuccessful in obtaining adequate financing, we may not be able to satisfy such obligations when they mature.

Although we have been in discussions on a potential partnership for our Horn River Asset and have proposed transaction terms, we do not have an agreement on any material terms, including structure or valuation. Accordingly, we continue discussions with parties who, as a group, have maintained interest in our Horn River Asset as well as new parties who have approached us regarding a potential transaction. We are also considering parallel marketing strategies for this asset. We may be unsuccessful in consummating a transaction involving our Horn River Asset on acceptable terms or at all.

We have retained Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Houlihan Lokey Capital, Inc., Bengal Expeditionary Partners LLC and other advisors to assist us in one or more of the following exercises: the evaluation of options to address near-term debt maturities and enhance our liquidity position and the evaluation of various strategic alternatives, including the acquisition or monetization of assets, as well as the potential sale of the Horn River Asset, our Canadian subsidiary or the Company.

Recently Issued Accounting Standards

In May 2014, the FASB issued accounting guidance, “Revenue from Contracts with Customers,” requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The updated standard will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective and permits the use of either the retrospective or cumulative effect transition method. Early adoption is not permitted. The updated standard becomes effective for us in the first quarter of 2017. We have not yet selected a transition method and we are currently evaluating the effect, if any, that the updated standard will have on our consolidated financial statements and related disclosures.

No other pronouncements materially affecting our financial statements have been issued since the filing of our 2013 Annual Report on Form 10-K.