Derivatives (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Non-designated Hedges Outstanding [Table Text Block]

At December 31, 2014, the following non-designated hedges were outstanding:



Term	Commodity	Contracted Volume	Weighted Average Fixed Price for Swaps	Contracted Market
Jan’15 – Dec’15	Natural gas – swap	40,000 MMBtu/day	$3.98	IF – NYMEX (HH)
Jan’15 – Mar’15	Natural gas – collar	30,000 MMBtu/day	$4.20-$5.03	IF – NYMEX (HH)
Jan’15 – Dec'15	Crude oil – swap	1,000 Bbl/day	$95.00	WTI – NYMEX

Schedule Of Subsequent Non-designated Hedges [Table Text Block]

Subsequent to December 31, 2014, the following non-designated hedges were entered into:



Term	Commodity	Contracted Volume	Weighted Average Fixed Price for Swaps	Contracted Market
Apr’15 – Jun'15	Natural gas – swap	30,000 MMBtu/day	$3.10	IF – NYMEX (HH)
Apr’15 – Jun'15	Natural gas – collar	30,000 MMBtu/day	$2.92-$3.26	IF – NYMEX (HH)
Jul’15 – Sep'15	Natural gas – collar	30,000 MMBtu/day	$2.58-$3.04	IF – NYMEX (HH)

Fair Value Of Derivative Instruments And Locations In Balance Sheets [Table Text Block]

The following tables present the fair values and locations of the derivative transactions recorded in our Consolidated Balance Sheets at December 31:



		Derivative Assets Fair Value
	Balance Sheet Location	2014		2013
		(In thousands)
Commodity derivatives:
Current	Current derivative assets	$	31,139	$	515
Long-term	Non-current derivative assets	—		—
Total derivative assets		$	31,139	$	515



		Derivative Liabilities Fair Value
	Balance Sheet Location	2014		2013
		(In thousands)
Commodity derivatives:
Current	Current derivative liabilities	$	—	$	5,561
Long-term	Non-current derivative liabilities	—		—
Total derivative liabilities		$	—	$	5,561

Gain Or Loss Of Reclassified Accumulated Other Comprehensive Income And Recognized Income [Table Text Block]

Effect of derivative instruments on the Consolidated Statements of Income (cash flow hedges) for the year ended December 31:



Derivative Instrument	Location of Gain or (Loss) Reclassified from Accumulated OCI into Income & Location of Gain or (Loss) Recognized in Income	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income ⁽¹⁾				Amount of Gain or (Loss) Recognized in Income ⁽²⁾
		2014		2013		2014		2013
		(In thousands)
Commodity derivatives	Oil and natural gas revenue ⁽¹⁾	$	—	$	603	$	—	$	—
Commodity derivatives	Gain (loss) on derivatives not designated as hedges and hedge ineffectiveness, net⁽²⁾	—		—		—		(190		)
	Total	$	—	$	603	$	—	$	(190	)

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(1)	Effective portion of gain (loss).


(2)	Ineffective portion of gain (loss).

Effect Of Derivative Instruments Recognized In Statement Of Operations, Not Designated As Hedging Instruments [Table Text Block]

Effect of Derivative Instruments on the Consolidated Statements of Income (derivatives not designated as hedging instruments) for the year ended December 31:



Derivatives Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in Income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivative
Derivatives Not Designated as Hedging Instruments		2014		2013
		(In thousands)
Commodity derivatives	Gain (loss) on derivatives not designated as hedges and hedge ineffectiveness, net ⁽¹⁾	$	30,147	$	(8,184	)
Total		$	30,147	$	(8,184	)

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(1)	Amount settled during the period is a loss of $6,038 and $1,764, respectively.