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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of derivatives in accompanying balance sheets
The following tables detail the fair value of derivatives recorded in the accompanying balance sheets, by category:
 
As of December 31, 2012
 
Derivative Assets
 
Derivative Liabilities
 
Balance Sheet
 Classification
 
Fair Value
 
Balance Sheet
 Classification
 
Fair Value
 
(in thousands)
Commodity Contracts
Current assets
 
$
37,873

 
Current liabilities
 
$
8,999

Commodity Contracts
Noncurrent assets
 
16,466

 
Noncurrent liabilities
 
6,645

Derivatives not designated as hedging instruments
 
 
$
54,339

 
 
 
$
15,644


 
As of December 31, 2011
 
Derivative Assets
 
Derivative Liabilities
 
Balance Sheet
 Classification
 
Fair Value
 
Balance Sheet
 Classification
 
Fair Value
 
(in thousands)
Commodity Contracts
Current assets
 
$
55,813

 
Current liabilities
 
$
42,806

Commodity Contracts
Noncurrent assets
 
31,062

 
Noncurrent liabilities
 
12,875

Derivatives not designated as hedging instruments
 
 
$
86,875

 
 
 
$
55,681

Schedule of unrealized and realized gains and losses on derivative instruments in the statement of operations
The following table summarizes the components of unrealized and realized derivative (gain) loss presented in the accompanying statements of operations:
 
For the Years Ended December 31,
 
2012
 
2011
 
(in thousands)
Cash settlement (gain) loss:
 
 
 
Oil contracts
$
11,893

 
$
22,633

Gas contracts
(47,270
)
 
(10,711
)
NGL contracts
(8,887
)
 
13,749

Total cash settlement (gain) loss
(44,264
)
 
25,671

 
 
 
 
Unrealized (gain) loss on change in fair value:
 
 
 
Oil contracts
(31,981
)
 
(3,391
)
Gas contracts
31,777

 
(64,310
)
NGL contracts
(11,162
)
 
4,944

Total net unrealized (gain) on change in fair value
(11,366
)
 
(62,757
)
Total unrealized and realized derivative (gain)
$
(55,630
)
 
$
(37,086
)
Detail of the effect of derivative instruments reclassified from AOCI to the statement of operations (net of income tax)
The following table details the effect of derivative instruments on AOCIL and the accompanying statements of operations (net of income tax):
 
 
 
Location on
Accompanying
Statements of
Operations
 
For the Years Ended December 31,
 
Derivatives
 
 
2012
 
2011
 
2010
 
 
 
 
 
(in thousands)
Amount reclassified from AOCIL
Commodity Contracts
 
Realized hedge gain (loss)
 
$
(2,264
)
 
$
12,997

 
$
6,641

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following table details the ineffective portion of derivative instruments classified as cash flow hedges on the accompanying statements of operations for the year ended December 31, 2010.

 
 
 
 
Loss Recognized in
Earnings
(Ineffective Portion)
 
 
Location on Accompanying
 Statements of Operations
 
Derivatives Qualifying as Cash Flow Hedges
 
 
 
 
For the Year Ended December 31, 2010
 
 
 
 
(in thousands)
Commodity Contracts
 
Unrealized and realized derivative (gain) loss
 
$
8,899