Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Recurring Fair Value Measurements [Table Text Block]

The following tables set forth our recurring fair value measurements:



	December 31, 2014
	Level 2		Level 3		Effect of Netting		Total
	(In thousands)
Financial assets (liabilities):
Commodity derivatives:
Assets	$	27,784	$	3,355	$	—	$	31,139
Liabilities	—		—		—		—
	$	27,784	$	3,355	$	—	$	31,139



	December 31, 2013
	Level 2			Level 3			Effect of Netting			Total
	(In thousands)
Financial assets (liabilities):
Commodity derivatives:
Assets	$	1,978		$	20		$	(1,483	)	$	515
Liabilities	(4,429		)	(2,615		)	1,483			(5,561		)
	$	(2,451	)	$	(2,595	)	$	—		$	(5,046	)

Reconciliations Of Level 3 Fair Value Measurements [Table Text Block]

The following tables are reconciliations of our level 3 fair value measurements:



	Net Derivatives
	For the Year Ended,
	December 31, 2014			December 31, 2013
	(In thousands)
Beginning of period	$	(2,595	)	$	(595	)
Total gains or losses:
Included in earnings⁽¹⁾	6,108			(2,637		)
Included in other comprehensive income (loss)	—			—
Settlements	(158		)	637
End of period	$	3,355		$	(2,595	)
Total gains (losses) for the period included in earnings attributable to the change in unrealized loss relating to assets still held at end of period	$	5,950		$	(2,000	)

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(1)	Commodity sales collars are reported in the consolidated statements of income in oil and gas revenues (for cash flow hedges), and gain (loss) on derivatives not designated as hedges and hedge ineffectiveness, net, respectively.

Schedule Of Quantitative Information About Unobservable Inputs [Table Text Block]

The following table provides quantitative information about our Level 3 unobservable inputs at December 31, 2014:



Commodity ⁽¹⁾	Fair Value		Valuation Technique	Unobservable Input	Range
	(In thousands)
Natural gas collar	$	3,355	Discounted cash flow	Forward commodity price curve	$0.00 - $1.32

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(1)	The commodity contracts detailed in this category include non-exchange-traded natural gas collars that are valued based on NYMEX. The forward pricing range represents the low and high price expected to be received within the settlement period.

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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