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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedges, Assets [Abstract]  
Outstanding contracts that are not designated for hedge accounting
At December 31, 2013, we had outstanding positions with respect to our future production as set forth in the tables below.

Natural Gas
 
Period and Type of Instrument
 
 
 
NYMEX Contract Price Per MMBtu
 
 
 
 
 
 
 
 
 
Collars
 
 
 
Volume in
MMMBtus
 
Swaps
(Weighted
Average)
 
Sold Puts(Weighted
Average)
 
Floors(Weighted
Average)
 
Ceilings(Weighted
Average)
 
Estimated
Fair Value
Asset
(Liability)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In millions)
 
January 2014 — March 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-price swaps
 
21,150

 
$
3.98

 
—

 
—

 
—

 
$
(6
)
 
Collars
 
5,850

 
—

 
—

 
$
3.75

 
$
4.62

 
(1
)
 
April 2014 — June 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-price swaps
 
21,385

 
3.98

 
—

 
—

 
—

 
(3
)
 
Collars
 
5,915

 
—

 
—

 
3.75

 
4.62

 
—

 
July 2014 — September 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-price swaps
 
21,620

 
3.98

 
—

 
—

 
—

 
(4
)
 
Collars
 
5,980

 
—

 
—

 
3.75

 
4.62

 
—

 
October 2014 — December 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-price swaps
 
21,620

 
3.98

 
—

 
—

 
—

 
(5
)
 
Collars
 
5,980

 
—

 
—

 
3.75

 
4.62

 
(1
)
 
January 2015 — December 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-price swaps
 
49,275

 
4.28

 
—

 
—

 
—

 
7

 
Collars
 
38,325

 
—

 
—

 
3.93

 
4.74

 
2

 
 
 
 
 
 
 
 
 
 
 
 
 
$
(11
)
Crude Oil
Period and Type of Instrument
 
Volume in MBbls
 
NYMEX Contract Price Per Bbl
 
Estimated
Fair Value
Asset
(Liability)
 
 
 
 
Collars
 
Swaps
(Weighted
Average)
 
Sold Puts (Weighted
Average)
 
Floors (Weighted
Average)
 
Ceilings (Weighted
Average)
 
 
 
 
 
 
 
 
 
 
 
 
 
(In millions)
January 2014 — March 2014
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-price swaps
 
1,350

 
$
89.60

 
—

 
—

 
—

 
$
(12
)
Fixed-price swaps with sold puts
 
1,440

 
95.16

 
$
75.00

 
—

 
—

 
(4
)
Collars with sold puts
 
540

 
—

 
75.83

 
$
90.83

 
$
102.93

 
(1
)
April 2014 — June 2014
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-price swaps
 
1,729

 
90.07

 
—

 
—

 
—

 
(12
)
Fixed-price swaps with sold puts
 
1,456

 
95.16

 
75.00

 
—

 
—

 
(3
)
Collars with sold puts
 
546

 
—

 
75.83

 
90.83

 
102.93

 
—

July 2014 — September 2014
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-price swaps
 
1,932

 
89.86

 
—

 
—

 
—

 
(9
)
Fixed-price swaps with sold puts
 
1,472

 
95.16

 
75.00

 
—

 
—

 
—

Collars with sold puts
 
552

 
—

 
75.83

 
90.83

 
102.93

 
1

October 2014 — December 2014
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-price swaps
 
2,116

 
89.95

 
—

 
—

 
—

 
(5
)
Fixed-price swaps with sold puts
 
1,472

 
95.16

 
75.00

 
—

 
—

 
2

Collars with sold puts
 
552

 
—

 
75.83

 
90.83

 
102.93

 
1

January 2015 — December 2015
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-price swaps
 
6,567

 
90.39

 
—

 
—

 
—

 
14

Fixed-price swaps with sold puts
 
4,567

 
90.03

 
68.20

 
—

 
—

 
3

 
 
 
 
 
 
 
 
 
 
 
 
$
(25
)
Derivative financial instruments recorded in balance sheet
We had derivative financial instruments recorded in our consolidated balance sheet as assets (liabilities) at their respective estimated fair value, as set forth below. 
 
 
Derivative Assets
 
Derivative Liabilities
 
 
Gross Fair Value
 
Offset in Balance Sheet
 
Balance Sheet Location
 
Gross Fair Value
 
Offset in Balance Sheet
 
Balance Sheet Location
 
 
 
 
Current
 
Noncurrent
 
 
 
Current
 
Noncurrent
December 31, 2013
 
(In millions)
 
(In millions)
Natural gas positions
 
$
11

 
$
(2
)
 
$
—

 
$
9

 
$
(22
)
 
$
2

 
$
(20
)
 
$
—

Oil positions
 
26

 
(9
)
 
—

 
17

 
(51
)
 
9

 
(42
)
 
—

Total
 
$
37

 
$
(11
)
 
$
—

 
$
26

 
$
(73
)
 
$
11

 
$
(62
)
 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Natural gas positions
 
$
86

 
$
(5
)
 
$
79

 
$
2

 
$
(16
)
 
$
5

 
$
(4
)
 
$
(7
)
Oil positions
 
77

 
(16
)
 
46

 
15

 
(26
)
 
16

 
(2
)
 
(8
)
Total
 
$
163

 
$
(21
)
 
$
125

 
$
17

 
$
(42
)
 
$
21

 
$
(6
)
 
$
(15
)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations [Table Text Block]
The amount of gain (loss) recognized in “Commodity derivative income (expense)” in our consolidated statement of operations related to our derivative financial instruments was as follows: 
 
 
2013
 
2012
 
2011
 
 
(In millions)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
Realized gain (loss) on natural gas positions
 
$
66

 
$
144

 
$
249

Realized gain (loss) on oil positions
 
(6
)
 
1

 
(47
)
Realized gain (loss) on basis positions
 
—

 
(10
)
 
(7
)
Total realized gain(1)
 
60

 
135

 
195

Unrealized gain (loss) on natural gas positions
 
(81
)
 
(124
)
 
(48
)
Unrealized gain (loss) on oil positions
 
(76
)
 
99

 
47

Unrealized gain (loss) on basis positions
 
—

 
10

 
1

Total unrealized loss
 
(157
)
 
(15
)
 
—

Total
 
$
(97
)
 
$
120

 
$
195


________
(1)
The total realized gain on commodity derivatives may differ from the cash receipts on derivative settlements as a result of the receipt or payment of premiums, or due to the recognition of premiums previously received associated with derivatives settled during the period.