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Derivative instruments (Tables)
9 Months Ended
Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments, gain (losses)
The gains and losses on derivative instruments were as follows:
 
Three Months Ended
Nine Months Ended
 
September 30,
September 30,
 
2015

2014

2015

2014

 
(In thousands)
Commodity derivatives designated as cash flow hedges:
 
 
 
 
Amount of (gain) loss reclassified from accumulated other comprehensive loss into discontinued operations (effective portion), net of tax
$

$
(18
)
$

$
140

 
 
 
 
 
Interest rate derivatives designated as cash flow hedges:
 
 
 
 
Amount of loss reclassified from accumulated other comprehensive loss into interest expense (effective portion), net of tax
100

100

299

299

 
 
 
 
 
Commodity derivatives not designated as hedging instruments:
 
 
 
 
Amount of gain (loss) recognized in discontinued operations, before tax
9,607

28,755

(9,702
)
16,847

Derivative instruments
The location and fair value of the gross amount of the Company's derivative instruments on the Consolidated Balance Sheets were as follows:
Asset
Derivatives
Location on
Consolidated
Balance Sheets
Fair Value at September 30, 2015

Fair Value at September 30, 2014

Fair Value at December 31, 2014

 
 
(In thousands)
Not designated as hedges:
 

 
 
Commodity derivatives
Current assets held for sale
$
8,633

$
11,322

$
18,335

 
Noncurrent assets held for sale

259


Total asset derivatives
 
$
8,633

$
11,581

$
18,335

Liability
Derivatives
Location on
Consolidated
Balance Sheets
Fair Value at September 30, 2015

Fair Value at September 30, 2014

Fair Value at December 31, 2014

 
 
(In thousands)
Not designated as hedges:
 

 

 

Commodity derivatives
Current liabilities held for sale
$

$
44

$

Total liability derivatives
 
$

$
44

$

Offsetting assets and liabilities master netting
The gross derivative assets and liabilities (excluding settlement receivables and payables that may be subject to the same master netting agreements) presented on the Consolidated Balance Sheets and the amount eligible for offset under the master netting agreements is presented in the following table:
September 30, 2015
Gross Amounts Recognized on the Consolidated Balance Sheets

Gross Amounts Not Offset on the Consolidated Balance Sheets

Net

 
(In thousands)
Assets:
 
 
 
Commodity derivatives
$
8,633

$

$
8,633

Total assets
$
8,633

$

$
8,633

September 30, 2014
Gross Amounts Recognized on the Consolidated Balance Sheets

Gross Amounts Not Offset on the Consolidated Balance Sheets

Net

 
(In thousands)
Assets:
 
 
 
Commodity derivatives
$
11,581

$
(44
)
$
11,537

Total assets
$
11,581

$
(44
)
$
11,537

Liabilities:
 
 
 
Commodity derivatives
$
44

$
(44
)
$

Total liabilities
$
44

$
(44
)
$

December 31, 2014
Gross Amounts Recognized on the Consolidated Balance Sheets

Gross Amounts Not Offset on the Consolidated Balance Sheets

Net

 
(In thousands)
Assets:
 
 
 
Commodity derivatives
$
18,335

$

$
18,335

Total assets
$
18,335

$

$
18,335