Subsequent Events (Notes)

9 Months Ended

Sep. 30, 2014

Subsequent Events [Abstract]

Subsequent Events [Text Block]

SUBSEQUENT EVENT

PDCM Divestiture

In July 2014, we signed a definitive agreement pursuant to which we agreed to sell our entire 50% ownership interest in PDCM to an unrelated third-party for aggregate consideration of approximately $250 million, subject to certain purchase price adjustments. The transaction includes cash, a promissory note and the buyer's assumption of our share of the firm transportation obligations related to the assets owned by PDCM, as well as our share of certain of PDCM's natural gas derivative instruments for the years 2014 through 2017. On October 14, 2014, we closed this divestiture for aggregate consideration, after our share of PDCM's debt repayment and other working capital adjustments, of approximately $190 million, comprised of approximately $150 million in cash and a promissory note due in 2020 of approximately $40 million, subject to customary post-closing adjustments. Proceeds from the sale were used to reduce outstanding borrowings on our revolving credit facility and are expected to provide liquidity to fund our remaining 2014 capital budget.