Quarterly report pursuant to Section 13 or 15(d)

Hedging Activities (Tables)

v2.4.0.8
Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2014
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Schedule Of Derivative Instruments
At March 31, 2014, the Company had the following fixed price swaps in place:
 
 
Daily Volume
(Bbls/day)
 
Weighted
Average Price
April - December 2014
2,000

 
$
101.50


 
Daily Volume (MMBtu/day)
 
Weighted
Average Price
April 2014
105,000

 
$
4.01

May 2014
130,000

 
$
4.05

June - December 2014
155,000

 
$
4.07

January - December 2015
175,000

 
$
4.08

January - March 2016
105,000

 
$
4.04

April 2016
95,000

 
$
4.04

Schedule Of Derivative Instruments In Statement Of Financial Position
At March 31, 2014 the fair value of derivative assets and liabilities related to the fixed price swaps and swaptions was as follows:
 
 
(In thousands)
Long-term derivative instruments - asset
$
2,565

Short-term derivative instruments - liability
$
29,755

Long-term derivative instruments - liability
$
4,277

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, 2014 and 2013 are presented below.
 
 
Three months ended March 31,
 
2014
 
2013
 
(In thousands)
Reduction to oil and condensate sales
$
—

 
$
(2,957
)