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Derivative Instruments
9 Months Ended
Sep. 30, 2013
Derivative Instruments [Abstract]  
Derivative Instruments

Note 13 – Derivative Instruments

 

We had embedded derivatives related to debt and equity instruments at September 30, 2013.

 

The fair market value of these derivative instruments is included in our balance sheet as follows for the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

December 31,

 

 

2013

 

 

2012

Derivatives not designated as hedges:

 

 

 

 

 

 

 

 

 

 

 

Other liabilities - long-term

$

(6,244)

 

$

(7,402)

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2013

 

2012

 

2013

 

2012

Derivatives not designated as hedges:

 

 

 

 

 

 

 

 

 

 

 

Unrealized losses on oil and gas commodity derivatives

$

 -

 

$

(1,515)

 

$

 -

 

$

(3,420)

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains on embedded derivatives

 

 

 

 

 

 

 

 

 

 

 

related to debt and equity instruments

$

855 

 

$

311 

 

$

1,158 

 

$

1,242