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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Measurements [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2013

 

 

December 31, 2012

 

 

(In thousands)

 

 

 

Carrying Value

 

 

Estimated Fair Value

 

 

Carrying Value

 

 

Estimated Fair Value

8.25% Senior Notes

 

$

496,106 

 

$

525,300 

 

$

494,911 

 

$

524,600 

Senior Credit Facility

 

 

165,000 

 

 

165,000 

 

 

195,000 

 

 

195,000 

Total

 

$

661,106 

 

$

690,300 

 

$

689,911 

 

$

719,600 

 

Schedule of Fair Value Measurements of Derivative Instruments

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

2013

 

2012

Fair value of commodity derivative instruments:

 

(in thousands)

Assets:

 

 

 

 

 

 

Current

 

$

10,758 

 

$

3,302 

Noncurrent

 

 

7,600 

 

 

211 

Total gross fair value

 

 

18,358 

 

 

3,513 

Less: counterparty set-off

 

 

(1,208)

 

 

(3,513)

Total net fair value

 

 

17,150 

 

 

 -

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Current

 

$

1,208 

 

$

10,026 

Noncurrent

 

 

 -

 

 

3,637 

Total gross fair value

 

 

1,208 

 

 

13,663 

Less: counterparty set-off

 

 

(1,208)

 

 

(3,513)

Total net fair value

 

 

 -

 

 

10,150