Quarterly report pursuant to Section 13 or 15(d)

Hedging Activities (Tables)

v3.3.0.814
Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2015
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Schedule Of Derivative Instruments
At September 30, 2015, the Company had the following fixed price swaps and swaptions in place:
 
 
Daily Volume
(Bbls/day)
 
Weighted
Average Price
October 2015 - June 2016
2,500

 
$
62.38

 
Daily Volume (MMBtu/day)
 
Weighted
Average Price
October 2015
322,500

 
$
3.79

November 2015 - December 2015
282,500

 
$
3.91

January 2016 - March 2016
377,500

 
$
3.63

April 2016
367,500

 
$
3.62

May 2016 - December 2016
297,500

 
$
3.52

January 2017 - June 2017
182,500

 
$
3.59

July 2017 - December 2017
120,000

 
$
3.40

January 2018 - December 2018
70,000

 
$
3.35

January 2019 - March 2019
20,000

 
$
3.37


 
Daily Volume
(Gal/day)
 
Weighted
Average Price
October 2015 - December 2016
42,000

 
$
0.48



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 September 30, 2015, the Company's natural gas basis swap positions were as follows:
 
Daily Volume (MMBtu/day)
 
Hedged Differential
October 2015
40,000

 
$
0.02

November 2015 - March 2016
70,000

 
$
0.11

April 2016 - December 2016
40,000

 
$
0.02

Schedule Of Derivative Instruments In Statement Of Financial Position
At September 30, 2015 the fair value of derivative assets and liabilities related to the fixed price swaps, swaptions and basis swaps was as follows:
 
 
(In thousands)
Short-term derivative instruments - asset
$
116,100

Long-term derivative instruments - asset
$
51,171

Short-term derivative instruments - liability
$
2,351

Long-term derivative instruments - liability
$
3,208