Quarterly report pursuant to Section 13 or 15(d)

Hedging Activities (Tables)

v2.4.0.8
Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2013
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Schedule Of Derivative Instruments
At September 30, 2013, the Company had the following fixed price swaps in place:
 
 
Daily Volume
(Bbls/day)
 
Weighted
Average Price
October - December 2013
5,000

 
$
99.86

January - March 2014
4,000

 
$
104.75

April - December 2014
2,000

 
$
101.50


 
Daily Volume (MMBtu/day)
 
Weighted
Average Price
October - December 2013
10,000

 
$
4.00

January - December 2014
20,000

 
$
3.98

January 2015 - March 2016
15,000

 
$
3.97

April 2016
5,000

 
$
3.90

Schedule Of Derivative Instruments In Statement Of Financial Position
At September 30, 2013 the fair value of derivative assets related to the fixed price swaps was as follows:
 
 
(In thousands)
Short-term derivative instruments - asset
$
1,633

Long-term derivative instruments - asset
$
127

Short-term derivative instruments - liability
$
4,808

Long-term derivative instruments - liability
$
962

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 nine months ended September 30, 2013 and 2012 are presented below.
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
 
(In thousands)
 
(In thousands)
Reduction to oil and condensate sales
$
(1,617
)
 
$
(185
)
 
$
(4,818
)
 
$
(646
)