Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2014

Partnership's Outstanding Debt

The following table presents the Partnership’s outstanding debt as of March 31, 2014 and December 31, 2013 (in thousands):

	March 31,2014		December 31, 2013
Revolving credit facility	$	—	$	343,500
5.875 percent senior notes due April 2021		750,000		750,000
6.125 percent senior notes due July 2022		750,000		750,000
4.875 percent senior notes due May 2023		1,400,000		1,400,000
4.875 percent senior notes due March 2024		750,000		—
Premium on 5.875 percent senior notes due April 2021		5,565		5,730
Total long-term debt	$	3,655,565	$	3,249,230

Partnership's Average Interest Rate and Average Debt Balance

The following table presents the Partnership’s average interest rate and average debt balance for the three-months ended March 31, 2014:

	Average Interest Rate			Average Balance
				(in thousands)
Revolving credit facility		2.187	%	$	322,167
5.875 percent senior notes due April 2021		5.875			750,000
6.125 percent senior notes due July 2022		6.125			750,000
4.875 percent senior notes due May 2023		4.875			1,400,000
4.875 percent senior notes due March 2024		4.875			750,000
Premium on 5.875 percent senior notes due April 2021		5.875			5,648