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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Measurements  
Derivative instrument assets and liabilities measured at fair value on a recurring basis

 

 

 

 

 

 

Fair value measurements at reporting date using

Description

 

As of
June 30, 2014

 

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

 

$

66,408

 

$

123

 

$

66,285

 

$

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Derivative instruments, at fair value

 

$

58,116

 

$

 

$

58,116

 

$

 

 

 

 

 

 

Fair value measurements at reporting date using

Description

 

As of
December 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

 

  $

107,647

 

  $

240

 

  $

107,407

 

  $

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Derivative instruments, at fair value

 

  $

29,651

 

  $

315

 

  $

29,336

 

  $

 

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
June 30,

 

Six Months Ended
June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

(Thousands)

Beginning of period

 

  $

 

$

69,865

 

  $

 

  $

90,714

 

Total gains or losses:

 

 

 

 

 

 

 

 

 

Included in earnings

 

 

(1,178)

 

 

(755)

 

Included in OCI

 

 

13,125

 

 

1,392

 

Purchases

 

 

 

 

72

 

Settlements

 

 

(7,124)

 

 

(16,735)

 

Transfers in and/or out of Level 3

 

 

 

 

 

End of period

 

  $

 

$

74,688

 

  $

 

  $

74,688