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Derivative Instruments And Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2012
Derivative Instruments and Hedging Activities [Abstract]  
Schedule of Derivative Instruments Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

Fixed-Price Swaps

 

 

Daily Average

 

 

 

Average

 

 

Volume

 

Volume

 

Swap Price

Remaining Contract Term

 

(Bbls)

 

(Bbls)

 

($/Bbl)

January 2013

 

 

13,292 

 

 

412,050 

 

$

105.33 

February 2013

 

 

13,264 

 

 

371,400 

 

 

105.18 

March 2013

 

 

12,792 

 

 

396,550 

 

 

104.88 

April 2013

 

 

12,783 

 

 

383,500 

 

 

104.73 

May 2013

 

 

12,727 

 

 

394,550 

 

 

104.63 

June 2013

 

 

12,217 

 

 

366,500 

 

 

104.41 

July 2013

 

 

9,510 

 

 

294,800 

 

 

104.25 

August 2013

 

 

6,219 

 

 

192,800 

 

 

104.70 

September 2013

 

 

6,233 

 

 

187,000 

 

 

104.44 

October 2013

 

 

5,719 

 

 

177,300 

 

 

103.94 

November 2013

 

 

6,233 

 

 

187,000 

 

 

103.93 

December 2013

 

 

9,156 

 

 

283,850 

 

 

103.24 

2013 Total

 

 

9,993 

 

 

3,647,300 

 

 

104.57 

 

 

 

 

 

 

 

 

 

 

January 2014

 

 

10,500 

 

 

325,500 

 

 

100.99 

February 2014

 

 

10,500 

 

 

294,000 

 

 

100.99 

March 2014

 

 

10,500 

 

 

325,500 

 

 

100.99 

April 2014

 

 

8,500 

 

 

255,000 

 

 

101.08 

May 2014

 

 

8,500 

 

 

263,500 

 

 

101.08 

June 2014

 

 

8,500 

 

 

255,000 

 

 

101.08 

July 2014

 

 

8,500 

 

 

263,500 

 

 

101.08 

August 2014

 

 

5,500 

 

 

170,500 

 

 

100.94 

September 2014

 

 

5,500 

 

 

165,000 

 

 

100.94 

October 2014

 

 

5,500 

 

 

170,500 

 

 

100.94 

November 2014

 

 

5,500 

 

 

165,000 

 

 

100.94 

December 2014

 

 

5,500 

 

 

170,500 

 

 

100.94 

2014 Total

 

 

7,736 

 

 

2,823,500 

 

 

101.06 

 

 

 

 

 

 

 

 

 

 

January 2015 - December 2015

 

 

1,000 

 

 

365,000 

 

 

97.55 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collars 

 

 

Daily Average

 

 

 

Average 

 

 

Volume

 

Volume

 

Swap Price 

Remaining Contract Term

 

(Bbls)

 

(Bbls)

 

($/Bbl)

January 2013—December 2013

 

 

1,000 

 

 

365,000 

 

$

80.00/104.10

Gas Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed-Price Swaps

 

 

Daily Average

 

 

 

Average

 

 

Volume

 

Volume

 

Swap Price

Remaining Contract Term

 

(Mmbtu)

 

(Mmbtu)

 

($/Mmbtu)

January 2013

 

 

13,000 

 

 

403,000 

 

$

3.41 

February 2013

 

 

13,000 

 

 

364,000 

 

 

3.43 

March 2013

 

 

11,000 

 

 

341,000 

 

 

3.42 

April 2013

 

 

11,000 

 

 

330,000 

 

 

3.42 

May 2013

 

 

10,000 

 

 

310,000 

 

 

3.46 

June 2013

 

 

9,000 

 

 

270,000 

 

 

3.50 

July 2013

 

 

9,000 

 

 

279,000 

 

 

3.53 

August 2013

 

 

8,500 

 

 

263,500 

 

 

3.55 

September 2013

 

 

8,500 

 

 

255,000 

 

 

3.55 

October 2013

 

 

8,000 

 

 

248,000 

 

 

3.58 

November 2013

 

 

7,500 

 

 

225,000 

 

 

3.67 

December 2013

 

 

6,500 

 

 

201,500 

 

 

3.83 

2013 Total

 

 

9,562 

 

 

3,490,000 

 

 

3.51 

 

 

 

 

 

 

 

 

 

 

January 2014 - December 2014

 

 

5,000 

 

 

1,825,000 

 

 

4.01 

January 2015 - December 2015

 

 

4,300 

 

 

1,569,500 

 

 

4.31 

 

Components of Gain (Loss) on Derivative Instruments

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2012

 

2011

 

2010

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

Unrealized gain (loss) due to change in fair market value

 

$

(9,491)

 

$

11,475 

 

$

3,500 

Realized loss on settlement

 

 

(3,814)

 

 

(17,345)

 

 

(8,365)

Total loss on derivative instruments

 

$

(13,305)

 

$

(5,870)

 

$

(4,865)