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Derivative Instruments And Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2013
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 2014

 

 

16,350 

 

 

506,850 

 

 

93.11 

February 2014

 

 

16,350 

 

 

457,800 

 

 

93.11 

March 2014

 

 

16,350 

 

 

506,850 

 

 

93.11 

April 2014

 

 

15,350 

 

 

460,500 

 

 

94.27 

May 2014

 

 

15,350 

 

 

475,850 

 

 

94.27 

June 2014

 

 

15,350 

 

 

460,500 

 

 

94.27 

July 2014

 

 

14,350 

 

 

444,850 

 

 

93.56 

August 2014

 

 

8,750 

 

 

271,250 

 

 

94.28 

September 2014

 

 

8,750 

 

 

262,500 

 

 

94.28 

October 2014

 

 

8,750 

 

 

271,250 

 

 

94.28 

November 2014

 

 

8,750 

 

 

262,500 

 

 

94.28 

December 2014

 

 

11,700 

 

 

362,700 

 

 

91.90 

2014 Total

 

 

12,996 

 

 

4,743,400 

 

 

93.67 

 

 

 

 

 

 

 

 

 

 

January 2015 - December 2015

 

 

1,500 

 

 

547,500 

 

 

97.70 

 

Gas Contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed-Price Swaps

 

 

Daily Average

 

 

 

Average

 

 

Volume

 

Volume

 

Swap Price

Remaining Contract Term

 

(Mmbtu)

 

(Mmbtu)

 

($/Mmbtu)

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,

 

 

2013

 

2012

 

2011

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

Change in fair market value

 

$

(20,884)

 

$

(9,491)

 

$

11,475 

Loss on settlement

 

 

(11,477)

 

 

(3,814)

 

 

(17,345)

Total loss on derivative instruments

 

$

(32,361)

 

$

(13,305)

 

$

(5,870)