XML 50 R67.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Financial Instruments (Details) (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2009
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Derivative contracts not designated as hedging instruments        
Fair value of derivative instruments - current assets   $ 8,698,000 $ 4,345,000  
Fair value of derivative instruments - long-term assets   16,092,000 417,000  
Total derivative assets   24,790,000 4,762,000 24,631,000
Fair value of derivative instruments - current liabilities   (90,551,000) (65,489,000)  
Fair value of derivative liabilities - long-term liabilities   (65,403,000) (66,290,000)  
Total derivative liabilities   (155,954,000) (131,779,000)  
Financial Statement Impact of Derivative Contracts        
Unrealized gain (loss)     190,000 336,000
Total Revenue: derivative gain (loss)   (29,035,000) (53,932,000) (120,352,000)
Total derivative loss related to purchased product costs   (52,960,000) (27,713,000) (68,883,000)
Derivative gain related to facility expenses   6,480,000 1,295,000 373,000
Derivative gain related to interest expense     1,871,000 2,509,000
Total loss   (75,515,000) (78,289,000) (186,017,000)
Premium payments, net of amortization   0 4,400,000  
Producer's option to extend successive years, number   5    
Embedded derivative in natural gas processing and purchase contract
       
Financial Statement Impact of Derivative Contracts        
Notional amount for embedded derivative in commodity contract (in Dth per day)   9,000    
Estimated fair value of embedded derivative contract liability including portion allocable to host processing agreement   114,928,000    
Inception value for period from April 1, 2015 to December 31, 2022   (53,507,000)    
Recorded value of embedded derivative contract liability   61,421,000    
Embedded derivative in electricity purchase contract
       
Financial Statement Impact of Derivative Contracts        
Estimated fair value of embedded derivative contract asset   7,500,000 1,000,000  
Derivative instruments not designated as hedging instruments
       
Derivative contracts not designated as hedging instruments        
Fair value of derivative instruments - current assets   8,698,000 4,345,000  
Fair value of derivative instruments - long-term assets   16,092,000 417,000  
Total derivative assets   24,790,000 4,762,000  
Fair value of derivative instruments - current liabilities   (90,551,000) (65,489,000)  
Fair value of derivative liabilities - long-term liabilities   (65,403,000) (66,290,000)  
Total derivative liabilities   (155,954,000) (131,779,000)  
Financial Statement Impact of Derivative Contracts        
Notional quantity of crude oil contract (in bbl)   8,244,902    
Notional quantity of natural gas contract (in MMBtu)   16,021,887    
Natural Gas Liquids (gal)   86,563,841    
Derivative instruments not designated as hedging instruments | Derivative revenue
       
Financial Statement Impact of Derivative Contracts        
Realized (loss) gain   (48,093,000) (33,560,000) 87,289,000
Unrealized gain (loss)   19,058,000 (20,372,000) (207,641,000)
Total Revenue: derivative gain (loss)   (29,035,000) (53,932,000) (120,352,000)
Amortization of premium payments   4,400,000 3,300,000 5,700,000
Realized gain (loss) on early settlement 15,200,000      
Realized gains on early settlement recorded in Realized (loss) gain - revenue 26,500,000      
Realized gains on early settlement recorded in derivative loss related to purchased product cost 11,300,000      
Derivative instruments not designated as hedging instruments | Derivative related to purchased product costs
       
Financial Statement Impact of Derivative Contracts        
Realized (loss) gain   (27,711,000) (21,909,000) (53,052,000)
Unrealized gain (loss)   (25,249,000) (5,804,000) (15,831,000)
Total derivative loss related to purchased product costs   (52,960,000) (27,713,000) (68,883,000)
Derivative instruments not designated as hedging instruments | Derivative related to facility expenses
       
Financial Statement Impact of Derivative Contracts        
Unrealized gain (loss)   6,480,000 1,295,000 373,000
Derivative instruments not designated as hedging instruments | Derivative related to interest expense
       
Financial Statement Impact of Derivative Contracts        
Realized (loss) gain     2,380,000 2,000,000
Unrealized gain (loss)     (509,000) 509,000
Derivative gain related to interest expense     1,871,000 2,509,000
Derivative instruments not designated as hedging instruments | Miscellaneous income, net
       
Financial Statement Impact of Derivative Contracts        
Unrealized gain     $ 190,000 $ 336,000