DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Instruments

Schedule of aggregate notional amount and estimated net fair value of the derivative instruments

The table below summarizes the aggregate notional amount and estimated net fair value of the derivative instruments as of June 30, 2014 and December 31, 2013 (amounts in thousands):

	As of June 30, 2014						As of December 31, 2013
	Notional			Estimated Fair Value			Notional			Estimated Fair Value
Cash Flow Hedges:
Interest rate swaps	$	—		$	—		$	478,333		$	(42,078	)
Free-Standing Derivatives:
Interest rate swaps	458,833			(48,517		)	—			—
Commodity swaps	—			(7,714		)	—			1,493
Credit default swaps—protection purchased	—			—			(100,000		)	(2,019		)
Foreign exchange forward contracts	(300,370		)	(23,273		)	(320,380		)	(25,258		)
Foreign exchange options	129,900			7,056			129,900			8,941
Common stock warrants	—			1,077			—			945
Total rate of return swaps	—			(158		)	—			(229		)
Options	—			6,175			—			6,794
Total				$	(65,354	)				$	(51,411	)

Schedule of effect on income from free-standing derivatives by derivative instrument type

The following table presents the amounts recorded in net realized and unrealized (loss) gain on derivatives and foreign exchange on the condensed consolidated statements of operations for the two months ended June 30, 2014 and for the one and four months ended April 30, 2014 (amounts in thousands):

	Successor Company									Predecessor Company
	Two months ended June 30, 2014									One month ended April 30, 2014									Four months ended April 30, 2014
	Realizedgains (losses)			Unrealized gains (losses)			Total			Realizedgains (losses)			Unrealized gains (losses)			Total			Realizedgains (losses)			Unrealized gains (losses)			Total
Interest rate swaps	$	—		$	(1,125	)	$	(1,125	)	$	—		$	—		$	—		$	—		$	—		$	—
Commodity swaps	(1,532		)	(3,350		)	(4,882		)	(601		)	(2,189		)	(2,790		)	(2,515		)	(5,856		)	(8,371		)
Credit default swaps(1)	—			—			—			—			—			—			(2,167		)	1,986			(181		)
Foreign exchange forward contracts and options(2)	(1,640		)	(958		)	(2,598		)	(1,618		)	2,716			1,098			(2,068		)	2,784			716
Common stock warrants	—			(5		)	(5		)	—			123			123			—			137			137
Total rate of return swaps	169			(213		)	(44		)	(406		)	170			(236		)	(2,349		)	284			(2,065		)
Options	—			(510		)	(510		)	—			392			392			—			(19		)	(19		)
Net realized and unrealized (losses) gains	$	(3,003	)	$	(6,161	)	$	(9,164	)	$	(2,625	)	$	1,212		$	(1,413	)	$	(9,099	)	$	(684	)	$	(9,783	)

(1) Includes related income and expense on the derivatives.

(2) Net of foreign exchange remeasurement gain or loss on foreign denominated assets.

Successor Company

Derivative Instruments

Schedule of open positions of derivative contracts on expected annual production volumes

	2014		2015		2016
Natural gas positions:
Fixed price swaps:
Hedged volume (MMMBtu)	2,919		4,277		1,805
Average price ($/MMBtu)	$	4.34	$	4.73	$	4.44
Natural gas liquid positions:
Fixed price swaps:
Hedged volume (MBbls)	80		41		—
Average price ($/Bbl)	$	31.54	$	42.39	$	—
Oil positions:
Fixed price swaps:
Hedged volume (MBbls)	417		612		—
Average price ($/Bbl)	$	92.08	$	89.19	$	—

Predecessor Company

Derivative Instruments

Schedule of net (losses) gains recognized in accumulated other comprehensive loss related to derivatives in cash flow hedging relationships

The following table presents the net (losses) gains recognized in other comprehensive loss related to derivatives in cash flow hedging relationships for the one and four months ended April 30, 2014 and three and six months ended June 30, 2013 (amounts in thousands):

	For the onemonth ended April 30, 2014			For the fourmonths ended April 30, 2014			For the threemonths ended June 30, 2013		For the six months endedJune 30, 2013
Net (losses) gains recognized in accumulated other comprehensive loss on cash flow hedges	$	(1,611	)	$	(5,442	)	$	20,240	$	31,398

Schedule of effect on income from free-standing derivatives by derivative instrument type

The following tables present the amounts recorded in net realized and unrealized (loss) gain on derivatives and foreign exchange on the condensed consolidated statements of operations for three and six months ended June 30, 2013 (amounts in thousands):

	Predecessor Company
	Three months ended June 30, 2013									Six months ended June 30, 2013
	Realized gains (losses)			Unrealized gains (losses)			Total			Realized gains (losses)			Unrealized gains (losses)			Total
Commodity swaps	$	(22	)	$	7,028		$	7,006		$	1,087		$	919		$	2,006
Credit default swaps(1)	(518		)	49			(469		)	(3,161		)	1,519			(1,642		)
Foreign exchange forward contracts and options(2)	3,177			(4,451		)	(1,274		)	2,266			(6,371		)	(4,105		)
Net realized and realized gains (losses)	$	2,637		$	2,626		$	5,263		$	192		$	(3,933	)	$	(3,741	)

(1) Includes related income and expense on the derivatives.

(2) Net of foreign exchange remeasurement gain or loss on foreign denominated assets.