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Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2012
Derivative Instruments [Abstract]  
Schedule Of Derivative Assets And Liabilities Statement
The Partnership’s derivative assets and liabilities, including credit risk adjustments, as of March 31, 2012 and December 31, 2011 are detailed below:
 
Assets
 
Liabilities
 
March 31, 2012
 
December 31, 2011
 
March 31, 2012
 
December 31, 2011
Derivatives designated as cash flow hedges:
 
 
 
 
 
 
 
Current amounts
 
 
 
 
 
 
 
Commodity contracts
$

 
$
4,065

 
$

 
$
10,065

Long-term amounts
 
 
 
 
 
 
 
Commodity contracts

 
474

 

 
63

Total cash flow hedging instruments

 
4,539

 

 
10,128

Derivatives not designated as cash flow hedges:
 
 
 
 
 
 
 
Current amounts
 
 
 
 
 
 
 
Commodity contracts
4,791

 

 
5,653

 

Ethane put options
880

 
309

 

 

Interest rate swap contracts

 

 

 
470

Long-term amounts
 
 
 
 
 
 
 
Commodity contracts
324

 

 
334

 

Embedded derivatives in Series A Preferred Units

 

 
38,553

 
39,049

Total derivatives not designated as cash flow hedges
5,995

 
309

 
44,540

 
39,519

Total derivatives
$
5,995

 
$
4,848

 
$
44,540

 
$
49,647

Detail Effect Of Derivative Assets And Liabilities In Statement Of Operations
The Partnership’s statement of operations for the three months ended March 31, 2012 and 2011 were impacted by derivative instruments activities as follows:
 
 
 
 
Three Months Ended March 31,
 
 
 
 
2012
 
2011
Derivatives in cash flow hedging relationships:
 
 
 
 
Change in Value Recognized in
AOCI on Derivatives (Effective Portion)
Commodity derivatives
 
 
 
$

 
$
(16,996
)
 
 
 
 
 
 
 
Derivatives in cash flow hedging relationships:
 
Location of Gain/(Loss)
Recognized in Income
 
Amount of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)
Commodity derivatives
 
Revenues
 
$

 
$
(3,429
)
 
 
 
 
 
 
 
Derivatives in cash flow hedging relationships:
 
Location of Gain/(Loss)
Recognized in Income
 
Amount of Gain/(Loss) Recognized in
Income on Ineffective Portion
Commodity derivatives
 
Revenues
 
$

 
$
88

 
 
 
 
 
 
 
Derivatives in cash flow hedging relationships:
 
Location of Gain/(Loss)
Recognized in Income
 
Amount of Gain/(Loss) Recognized in
Income on Pre-Hedge Designation Fair Value
Commodity derivatives
 
Revenues
 
$

 
$
1,627

 
 
 
 
 
 
 
Derivatives not designated in a hedging relationship:
 
Location of Gain/(Loss)
Recognized in Income
 
Amount of Gain/(Loss) Amortized
from AOCI into Income
Commodity derivatives
 
Revenues
 
$
(3,665
)
 
$

 
 
 
 
 
 
 
Derivatives not designated in a hedging relationship:
 
Location of Gain/(Loss)
Recognized in Income
 
Amount of Gain/(Loss) Recognized
in Income on Derivatives
Commodity derivatives
 
Revenues
 
$
2,481

 
$

Interest rate swap contracts
 
Interest expense, net
 
(12
)
 
(259
)
Embedded derivatives in Series A Preferred Units
 
Other income &  deductions, net
 
496

 
2,575

 
 
 
 
$
2,965

 
$
2,316