Transactions with Affiliates and Other Related Parties

9 Months Ended

Sep. 30, 2014

Related Party Transactions [Abstract]

Related Party Transactions Disclosure

TRANSACTIONS WITH AFFILIATES

PDCM and Affiliated Partnerships. Our Gas Marketing segment markets the natural gas produced by PDCM and our affiliated partnerships in the Appalachian Basin. Our cost of natural gas marketing includes $7.1 million and $23.2 million for the three and nine months ended September 30, 2014, respectively, related to the marketing of natural gas on behalf of PDCM compared to $4.7 million and $12.5 million for the three and nine months ended September 30, 2013, respectively. Our cost of natural gas marketing includes $0.3 million and $0.9 million for the three and nine months ended September 30, 2013, respectively, related to the marketing of natural gas on behalf of our affiliated partnerships.

Amounts due from/to affiliates primarily relate to amounts billed for certain well operating and administrative services provided to PDCM and, to a lesser extent, costs resulting from audit and tax preparation services for our affiliated partnerships. Amounts billed to PDCM for these services were $1.6 million and $5.7 million in the three and nine months ended September 30, 2014, respectively, compared to $3.6 million and $10.4 million in the three and nine months ended September 30, 2013, respectively. Our proportionate share of these billings are included in income (loss) from discontinued operations, net of tax, in the condensed consolidated statements of operations.

On October 14, 2014, we sold our entire 50% ownership interest in PDCM to an unrelated third-party. See Note 15, Subsequent Event, for additional information.