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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 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

 

September 30,
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

 

  $

203,002

 

  $

453

 

  $

133,413

 

  $

69,136

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Derivative instruments, at fair value

 

  $

18,353

 

  $

647

 

  $

16,891

 

  $

815

 

 

 

 

 

 

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 September 30,

 

Derivative instruments,
at fair value, net
Nine Months Ended September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(Thousands)

 

Beginning of period

 

  $

74,688

 

  $

129,436

 

  $

90,714

 

  $

143,260

 

Total gains or losses:

 

 

 

 

 

 

 

 

 

Included in earnings

 

414

 

(90)

 

(341)

 

(90

)

Included in OCI

 

2,067

 

(13,839)

 

3,459

 

13,554

 

Purchases

 

(79

)

22

 

(7)

 

(994

)

Settlements

 

(8,769

)

(18,558)

 

(25,504)

 

(58,759

)

Transfers in and/or out of Level 3

 

 

 

 

 

End of period

 

  $

68,321

 

  $

96,971

 

  $

68,321

 

  $

96,971