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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Recurring Fair Value Measurements
The following tables set forth our recurring fair value measurements:
 
 
September 30, 2015
 
 
Level 2
 
Level 3
 
Net Amounts Presented
 
 
(In thousands)
Financial assets (liabilities):
 
 
 
 
 
 
Commodity derivatives:
 
 
 
 
 
 
Assets
 
$
9,418

 
$
2,482

 
$
11,900

Liabilities
 
—

 
—

 
—

 
 
$
9,418

 
$
2,482

 
$
11,900

 
 
December 31, 2014
 
 
Level 2
 
Level 3
 
Net Amounts Presented
 
 
(In thousands)
Financial assets (liabilities):
 
 
 
 
 
 
Commodity derivatives:
 
 
 
 
 
 
Assets
 
$
27,784

 
$
3,355

 
$
31,139

Liabilities
 
—

 
—

 
—

 
 
$
27,784

 
$
3,355

 
$
31,139
Reconciliations Of Level 3 Fair Value Measurements
The following tables are reconciliations of our level 3 fair value measurements: 
 
 
Commodity Derivatives
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2015
 
2014
 
2015
 
2014
 
 
(In thousands)
Beginning of period
 
$
207

 
$
(6,081
)
 
$
3,355

 
$
(2,595
)
Total gains or losses (realized and unrealized):
 
 
 
 
 
 
 
 
Included in earnings (1)
 
4,436

 
5,785

 
5,324

 
(2,043
)
Settlements
 
(2,161
)
 
887

 
(6,197
)
 
5,229

End of period
 
$
2,482

 
$
591

 
$
2,482

 
$
591

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
 
$
2,275

 
$
6,672

 
$
(873
)
 
$
3,186

_______________________
(1)
Commodity derivatives are reported in the Unaudited Condensed Consolidated Statements of Operations in gain (loss) on derivatives not designated as hedges.
Schedule Of Quantitative Information About Unobservable Inputs
The following table provides quantitative information about our Level 3 unobservable inputs at September 30, 2015:
Commodity (1)
 
Fair Value
 
Valuation Technique
 
Unobservable Input
 
Range
 
 
(In thousands)
 
 
 
 
 
 
Oil collar
 
$
2,300

 
Discounted cash flow
 
Forward commodity price curve
 
$0.01 - $12.80
Natural gas three-way collar
 
182

 
Discounted cash flow
 
Forward commodity price curve
 
$0.01 - $0.30
 _______________________
(1)
The commodity contracts detailed in this category include a non-exchange-traded crude oil collar and a natural gas three-way collar that are valued based on NYMEX. The forward pricing range represents the low and high price expected to be paid or received within the settlement period.