2.4.0.8016 - Disclosure - Fair Value Measurementstruefalsefalse1false falsefalseContext_6ME__30-Jun-2013http://www.sec.gov/CIK0000086264duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_FairValueDisclosuresAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Fair Value Measurements [Abstract]2false 2us-gaap_FairValueDisclosuresTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00<div style="line-height: 11.4pt; text-indent: 0pt; display: block;">Note 10 – Fair Value Measurements (continued)</div> <div align="justify" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> <div align="justify" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">The following table presents the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2013 and December 31, 2012 by level within the fair value hierarchy:</div> <div align="justify" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> <div align="left"> <table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td style="padding-bottom: 2px;" valign="bottom">  </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="14"> <div align="center" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">Fair Value Measurements Using</div> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td align="left" style="border-bottom: black 2px solid;" valign="bottom"> <div align="left" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">(in thousands)</div> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div align="center" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">Level 1</div> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div align="center" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">Level 2</div> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div align="center" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">Level 3</div> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="border-bottom: black 2px solid;" valign="bottom" colspan="2"> <div align="center" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">Total</div> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td align="left" style="border-bottom: black 2px solid;" valign="bottom"> <div align="left" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">June 30, 2013</div> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="padding-bottom: 2px;" valign="bottom" colspan="2"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="padding-bottom: 2px;" valign="bottom" colspan="2"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="padding-bottom: 2px;" valign="bottom" colspan="2"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"> </td> <td style="padding-bottom: 2px;" valign="bottom"> </td> <td style="padding-bottom: 2px;" valign="bottom" colspan="2"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td align="left" valign="bottom"> <div align="left" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">Assets:</div> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td style="text-align: left;" valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td style="text-align: left;" valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td style="text-align: left;" valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td style="text-align: left;" valign="bottom" nowrap="nowrap"> </td> </tr> <tr bgcolor="#cceeff"> <td align="left" style="padding-left: 0pt; margin-left: 9pt;" valign="bottom" width="40%"> <div align="left" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;">Commodity derivatives</div> </td> <td align="left" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="12%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="left" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="12%">85</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="12%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="12%">85</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr bgcolor="white"> <td valign="bottom" width="40%">  </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="12%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="12%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="12%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="12%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr bgcolor="#cceeff"> <td align="left" style="border-bottom: black 2px solid;" valign="bottom" width="40%"> <div align="left" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">December 31, 2012</div> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="12%"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="12%"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="12%"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td style="padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%"> </td> <td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="12%"> </td> <td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr bgcolor="white"> <td align="left" valign="bottom" width="40%"> <div align="left" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">Liabilities:</div> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="12%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="12%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="12%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%"> </td> <td style="text-align: right;" valign="bottom" width="12%"> </td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> <tr bgcolor="#cceeff"> <td align="left" style="padding-left: 0pt; margin-left: 9pt;" valign="bottom" width="40%"> <div align="left" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;">Commodity derivatives</div> </td> <td align="left" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="12%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="left" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="12%">87</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="left" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="12%">-</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> <td align="left" valign="bottom" width="1%"> </td> <td style="text-align: left;" valign="bottom" width="1%">$</td> <td style="text-align: right;" valign="bottom" width="12%">87</td> <td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"> </td> </tr> </table> </div> <div align="justify" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> <div align="justify" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">As of June 30, 2013, the Company’s commodity derivative financial instruments are comprised of seven natural gas swap agreements and five oil swap agreements.  As of December 31, 2012, the Company’s commodity derivative financial instruments were comprised of two natural gas swap agreements and two oil swap agreements.  The fair values of the swap agreements are determined under the income valuation technique using a discounted cash flow model.  The valuation model requires a variety of inputs, including contractual terms, published forward prices, volatilities for options, and discount rates, as appropriate.  The Company’s estimates of fair value of derivatives include consideration of the counterparty’s credit worthiness, the Company’s credit worthiness and the time value of money.  The consideration of these factors result in an estimated exit-price for each derivative asset or liability under a market place participant’s view.  All of the significant inputs are observable, either directly or indirectly; therefore, the Company’s derivative instruments are included within the Level 2 fair value hierarchy. The counterparty in all of the Company’s commodity derivative financial instruments is the lender in the Company’s bank credit facility.</div> <div align="justify" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div> <div align="justify" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">Assets Measured and Recorded at Fair Value on a Non-recurring Basis</div> <div style="line-height: 11.4pt; text-indent: 0pt; display: block;"> </div> <div align="justify" style="line-height: 11.4pt; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">The Company uses the income valuation technique to estimate the fair value of asset retirement obligations using the amounts and timing of expected future dismantlement costs, credit-adjusted risk-free rates and time value of money.  Accordingly, the fair value is based on unobserverable pricing inputs and therefore, is included with the Level 3 fair value hierarchy.</div> <div style="line-height: 11.4pt; text-indent: 0pt; display: block;"> </div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13537-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13504-108611 false0Fair Value MeasurementsfalseFair Value MeasurementsUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.cng.com/role/DisclosureFairValueMeasurements12