Current report filing

Fair Value Measurements (Tables)

v2.4.0.8
Fair Value Measurements (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Fair Value Disclosures [Abstract]    
Fair Value Measurements
The following tables summarize the Company’s financial and non-financial liabilities by FASB ASC 820 valuation level as of March 31, 2013:
 
 
As of March 31, 2013
 
Level 1
 
Level 2
 
Level 3
 
(In thousands)
Assets:
 
 
 
 
 
Fixed price swaps
$
—

 
$
343

 
$
—

       Equity investment in Diamondback
212,413

 
—

 
—

Liabilities:
 
 
 
 
 
Fixed price swaps
$
—

 
$
9,689

 
$
—

The following tables summarize the Company’s financial and non-financial liabilities by FASB ASC 820 valuation level as of December 31, 2012 and 2011:
 
 
December 31, 2012
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
Fixed price swaps
$
—

 
$
664,000

 
$
—

       Equity investment in Diamondback
151,317,000

 
—

 
—

Liabilities:
 
 
 
 
 
Fixed price swaps
$
—

 
$
10,442,000

 
$
—

 
 
 
 
 
 
 
December 31, 2011
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
Fixed price swaps
$
—

 
$
1,601,000

 
$
—

Liabilities:
 
 
 
 
 
Fixed price swaps
$
—

 
$
—

 
$
—