Quarterly report pursuant to Section 13 or 15(d)

Hedging Activities (Tables)

v2.4.0.6
Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2013
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Schedule Of Derivative Instruments
At March 31, 2013, the Company had the following fixed price swaps in place:
 
 
Daily Volume
(Bbls/day)
 
Weighted
Average Price
April - June 2013
5,000

 
$
101.96

July - December 2013
5,000

 
$
99.86

Schedule Of Derivative Instruments In Statement Of Financial Position
At March 31, 2013 the fair value of derivative assets related to the fixed price swaps was as follows:
 
 
(In thousands)
Short-term derivative instruments - asset
$
343

Short-term derivative instruments - liability
$
9,689

Schedule Of Cash Flow Hedges
Amounts reclassified out of accumulated other comprehensive income (loss) into earnings as a component of oil and condensate sales for the three months ended March 31, 2013 and 2012 are presented below.
 
 
Three Months Ended March 31,
 
2013
 
2012
 
(In thousands)
(Reduction) addition to oil and condensate sales
$
(2,957
)
 
$
100