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Derivatives And Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2014
Credit Risk Derivatives, at Fair Value, Net [Abstract]  
Estimated Fair Value Of Derivative Instruments Under Input Levels
 
Asset Derivatives
 
Liability Derivatives
  
September 30, 2014
 
December 31, 2013
 
September 30, 2014
 
December 31, 2013
 
 
 
 
 
 
 
 
 
(in thousands)
 
(in thousands)
Level 2 derivative instruments
$
74,312

 
$
107,395

 
$
846

 
$
3,448

Level 3 derivative instruments
17,754

 
23,485

 

 

Total
$
92,066

 
$
130,880

 
$
846

 
$
3,448

Changes In Level 3 Fair Values
 
For the Three Months Ended
September 30,
 
2014
 
2013
 
 
 
 
 
(in thousands)
Balance at beginning of period
$
(5,533
)
 
$
(9,873
)
Total gains (losses) for the period:
 
 
 
Unrealized gain (loss) on derivatives
24,829

 
24,080

Settlements in net derivative gains (losses)
(1,542
)
 
(3,302
)
Balance at end of period
$
17,754

 
$
10,905

 
 
 
 
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
$
24,485

 
$
24,026

 
 
For the Nine Months Ended
September 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
(6,488
)
 
24,618

Settlements in net derivative gains (losses)
757

 
(8,782
)
Balance at end of period
$
17,754

 
$
10,905

 
 
 
 
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
$
(2,476
)
 
$
26,788

Marketable Securities
 
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
 
Natural Gas Basis Swaps
 
 
MMcfd
 
MMcfd
Remaining 2014 (1)
 
170
 
40
2015
 
150
 
2016-2021
 
40
 

(1) 
Our natural gas basis swaps economically hedge the AECO basis adjustment from NYMEX.
Estimated Fair Value Of Derivative Instruments
 
Asset Derivatives
 
 
Liability Derivatives
 
September 30, 2014
 
December 31, 2013
 
 
September 30, 2014
 
December 31, 2013
 
 
 
 
 
 
 
 
 
 
(in thousands)
 
 
(in thousands)
Derivatives not designated as hedges:
 
 
 
 
 
 
 
 
Commodity contracts reported in:
 
 
 
 
 
 
 
 
Current derivative assets
$
66,278

 
$
60,063

 
 
$
180

 
$
2,540

Noncurrent derivative assets
75,911

 
105,315

 
 
49,943

 
31,958

Current derivative liabilities

 

 
 
846

 
3,125

Noncurrent derivative liabilities

 

 
 

 
323

Total derivatives not designated as hedges
$
142,189

 
$
165,378

 
 
$
50,969

 
$
37,946