Quarterly report pursuant to Section 13 or 15(d)

Hedging Activities (Tables)

v2.4.1.9
Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2015
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Schedule Of Derivative Instruments
At March 31, 2015, the Company had the following fixed price swaps in place:
 
 
Daily Volume
(Bbls/day)
 
Weighted
Average Price
April 2015 - June 2016
1,000

 
$
62.25


 
Daily Volume (MMBtu/day)
 
Weighted
Average Price
April 2015
191,250

 
$
4.05

May 2015 - June 2015
201,250

 
$
4.05

July 2015 - August 2015
216,875

 
$
4.04

September 2015
246,875

 
$
3.97

October 2015 - December 2015
262,500

 
$
3.96

January 2016 - March 2016
252,500

 
$
3.82

April 2016
242,500

 
$
3.81

May 2016 - December 2016
172,500

 
$
3.73

January 2017 - June 2017
142,500

 
$
3.67

July 2017 - December 2017
80,000

 
$
3.45

January 2018 - December 2018
30,000

 
$
3.40


In addition, the Company has entered into natural gas basis swap positions, which settle on the pricing index to basis differential of MichCon to the NYMEX Henry Hub natural gas price. As of March 31, 2015, the Company's natural gas basis swap positions were as follows:
 
Daily Volume (MMBtu/day)
 
Hedged Differential
April 2015 - December 2016
30,000

 
$
0.02

April 2015 - December 2016
10,000

 
$
0.01

Schedule Of Derivative Instruments In Statement Of Financial Position
At March 31, 2015 the fair value of derivative assets and liabilities related to the fixed price swaps and basis swaps was as follows:
 
 
(In thousands)
Short-term derivative instruments - asset
$
93,030

Long-term derivative instruments - asset
$
41,956

Short-term derivative instruments - liability
$
823