XML 16 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Open Crude Oil and Natural Gas Derivative Instruments (Detail)
9 Months Ended
Sep. 30, 2012
2012 [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Percentage of collars derivative settled in 2012 31.00%
2013 [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Percentage of collars derivative settled in 2013 58.00%
Fixed-Price Swaps [Member] | 2012 [Member] | Open Natural Gas Derivative Positions [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
GJ 11,040,000
Weighted Average Fixed Price 6.61 [1]
Fixed-Price Swaps [Member] | 2012 [Member] | Open Natural Gas Derivative Positions [Member] | Currency Swap [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Mbbls 11,386,000
Weighted Average Fixed Price 6.24 [1]
Fixed-Price Swaps [Member] | 2012 [Member] | Open Crude Oil Derivative Positions [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Mbbls 941
Weighted Average Fixed Price 74.32 [2]
Fixed-Price Swaps [Member] | 2013 [Member] | Open Natural Gas Derivative Positions [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Mbbls 10,095,000
Weighted Average Fixed Price 6.74 [1]
Fixed-Price Swaps [Member] | 2013 [Member] | Open Crude Oil Derivative Positions [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Mbbls 1,972
Weighted Average Fixed Price 74.29 [2]
Fixed-Price Swaps [Member] | 2014 [Member] | Open Natural Gas Derivative Positions [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Mbbls 1,295,000
Weighted Average Fixed Price 6.72 [1]
Fixed-Price Swaps [Member] | 2014 [Member] | Open Crude Oil Derivative Positions [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Mbbls 76
Weighted Average Fixed Price 74.50 [2]
Collars [Member] | 2012 [Member] | Open Natural Gas Derivative Positions [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
GJ 1,840,000
Collars Weighted Average Floor Price 6.50 [1]
Weighted Average Ceiling Price 7.27 [1]
Collars [Member] | 2012 [Member] | Open Natural Gas Derivative Positions [Member] | Currency Swap [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Mbbls 5,520,000
Collars Weighted Average Floor Price 5.54 [1]
Weighted Average Ceiling Price 7.30 [1]
Collars [Member] | 2012 [Member] | Open Crude Oil Derivative Positions [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Mbbls 2,808
Collars Weighted Average Floor Price 77.66 [2]
Weighted Average Ceiling Price 103.08 [2]
Collars [Member] | 2013 [Member] | Open Natural Gas Derivative Positions [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Mbbls 6,825,000
Collars Weighted Average Floor Price 5.35 [1]
Weighted Average Ceiling Price 6.67 [1]
Collars [Member] | 2013 [Member] | Open Crude Oil Derivative Positions [Member]
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Mbbls 5,701
Collars Weighted Average Floor Price 82.84 [2]
Weighted Average Ceiling Price 111.63 [2]
[1] U.S. natural gas prices represent a weighted average of several contracts entered into on a per-million British thermal units (MMBtu) basis and are settled primarily against NYMEX Henry Hub and various Inside FERC indices. The Canadian gas contracts are entered into on a per-gigajoule (GJ) basis and are settled against AECO Index. The Canadian natural gas prices represent a weighted average of AECO Index prices and are shown in Canadian dollars.
[2] Crude oil prices represent a weighted average of several contracts entered into on a per-barrel basis. Crude oil contracts are primarily settled against NYMEX WTI Cushing Index. Approximately 31 percent of 2012 collars and 58 percent of 2013 collars are settled against Dated Brent.