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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities measured on a recurring basis
The fair value of all derivative contracts is reflected on the consolidated balance sheet as detailed in the following schedule:
 
 
 
September 30,
2014
 
December 31,
2013
 
 
Significant Other
 
 
Observable Inputs
Description
 
(Level 2)
 
 
(In thousands)
Assets:
 
 

 
 

Fair value of commodity derivatives
 
$
3,372

 
$
2,518

Total assets
 
$
3,372

 
$
2,518

Liabilities:
 
 

 
 

Fair value of commodity derivatives
 
$

 
$
208

Total liabilities
 
$

 
$
208

Schedule of comparison of fair value to the carrying value of the 2019 Senior Notes
Fair value is compared to the carrying value in the table below:
 
 
 
September 30, 2014
 
December 31, 2013
 
 
Carrying
 
Estimated
 
Carrying
 
Estimated
Description
 
Amount
 
Fair Value
 
Amount
 
Fair Value
 
 
(In thousands)
7.75% Senior Notes due 2019
 
$
599,682

 
$
616,500

 
$
599,638

 
$
616,500