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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Measurements  
Derivative instrument assets and liabilities measured at fair value on a recurring basis

 

 

 

 

 

 

Fair value measurements at reporting date using

Description

 

March 31,
2013

 

Quoted
prices in
active
markets for
identical
assets
(Level 1)

 

Significant
other
observable
inputs
(Level 2)

 

Significant
unobservable
inputs
(Level 3)

 

 

(Thousands)

Assets

 

 

 

 

 

 

 

 

Derivative instruments, at fair value

 

   $

183,727

 

    $

1,588

 

   $

105,620

 

    $

76,519

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Derivative instruments, at fair value

 

   $

92,107

 

    $

2,382

 

   $

83,071

 

    $

6,654

 

 

 

 

 

Fair value measurements at reporting date using

Description

 

December 31,
2012

 

Quoted
prices in
active
markets for
identical
assets
(Level 1)

 

Significant
other
observable
inputs
(Level 2)

 

Significant
unobservable
inputs
(Level 3)

 

 

(Thousands)

Assets

 

 

 

 

 

 

 

 

Derivative instruments, at fair value

 

   $

304,237

 

    $

1,228

 

   $

204,592

 

    $

98,417

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Derivative instruments, at fair value

 

   $

75,562

 

    $

1,609

 

   $

66,250

 

    $

7,703

 

 

 

 

 

Fair value measurements using significant unobservable inputs (Level 3)

Fair value measurements using significant
unobservable inputs (Level 3)

 

 

 

 

Derivative instruments, at fair value, net
Three Months Ended March 31,

 

 

 

 

2013

 

 

 

2012

 

 

 

 

(Thousands)

 

Balance at January 1

 

$

90,714

 

 

   $

143,260

 

Total gains or losses:

 

 

 

 

 

 

 

 

Included in earnings

 

 

423

 

 

 

 

Included in OCI

 

 

(11,733

)

 

 

31,596

 

Purchases

 

 

72

 

 

 

 

Settlements

 

 

(9,611

)

 

 

(18,790

)

Transfers in and/or out of Level 3

 

 

 

 

 

 

Balance at March 31

 

$

69,865

 

 

   $

156,066