Derivative Instruments

12 Months Ended

Dec. 31, 2012

Derivative Instruments [Abstract]

Derivative Instruments

Note 19 – Derivative Instruments

We had embedded derivatives related to debt instruments at December 31, 2012 and 2011. The fair market value of these derivative instruments is included in our balance sheet as follows:

				December 31,
				2012		2011
Derivatives not designated as hedges:
	Oil and gas commodity derivatives:
		Prepaid expenses and other current assets	$	-	$	1,247
	Embedded derivatives related to debt instrument:
		Other liabilities - long-term		(7,402)		(16,067)

The effect of the derivatives not designated as hedges on our results of operations was as follows:

			Year Ended December 31,
			2012		2011		2010
Derivatives not designated as hedges:
	Oil and gas commodity derivatives:
		Realized gains (losses)	$	-	$	-	$	(11,753)
		Unrealized gains (losses)		(3,524)		(3,050)		10,943
				(3,524)		(3,050)		(810)
	Embedded derivatives related to debt and equity instruments:
		Unrealized gains	$	8,665	$	11,428	$	1,348