ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):

Changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2015, 2014 and 2013 were as follows:

	Cash Flow Hedges			Foreign Currency Items			Total
For the Year Ended December 31, 2015
Beginning balance, net of tax	$	86,783		$	(3,468	)	$	83,315
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives	52,630			—			52,630
Foreign currency translations	—			(2,605		)	(2,605		)
Income tax effect	(19,096		)	—			(19,096		)
Net of tax	33,534			(2,605		)	30,929
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/natural gas production	149,955			—			149,955
Derivative income, net	1,170			—			1,170
Income tax effect	(54,833		)	—			(54,833		)
Net of tax	96,292			—			96,292
Other comprehensive loss, net of tax	(62,758		)	(2,605		)	(65,363		)
Ending balance, net of tax	$	24,025		$	(6,073	)	$	17,952

	Cash Flow Hedges			Foreign Currency Items			Total
For the Year Ended December 31, 2014
Beginning balance, net of tax	$	(1,395	)	$	(667	)	$	(2,062	)
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives	136,097			—			136,097
Foreign currency translations	—			(2,801		)	(2,801		)
Income tax effect	(48,995		)	—			(48,995		)
Net of tax	87,102			(2,801		)	84,301
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/natural gas production	526			—			526
Derivative expense, net	(2,208		)	—			(2,208		)
Income tax effect	606			—			606
Net of tax	(1,076		)	—			(1,076		)
Other comprehensive income (loss), net of tax	88,178			(2,801		)	85,377
Ending balance, net of tax	$	86,783		$	(3,468	)	$	83,315

	Cash Flow Hedges			Foreign Currency Items			Total
For the Year Ended December 31, 2013
Beginning balance, net of tax	$	28,833		$	—		$	28,833
Other comprehensive income (loss) before reclassifications:
Change in fair value of derivatives	(26,945		)	—			(26,945		)
Foreign currency translations	—			(667		)	(667		)
Income tax effect	9,701			—			9,701
Net of tax	(17,244		)	(667		)	(17,911		)
Amounts reclassified from accumulated other comprehensive income:
Operating revenue: oil/natural gas production	20,289			—			20,289
Income tax effect	(7,305		)	—			(7,305		)
Net of tax	12,984			—			12,984
Other comprehensive loss, net of tax	(30,228		)	(667		)	(30,895		)
Ending balance, net of tax	$	(1,395	)	$	(667	)	$	(2,062	)