Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v2.4.0.8
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2013
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 December 31, 2013 and 2012:
 
 
December 31, 2013
 
Level 1
 
Level 2
 
Level 3
 
(In thousands)
Assets:
 
 
 
 
 
Fixed price swaps
$
—

 
$
845

 
$
—

       Equity investment in Diamondback
178,708

 
—

 
—

Liabilities:
 
 
 
 
 
Fixed price swaps and swaptions
$
—

 
$
23,646

 
$
—

 
December 31, 2012
 
Level 1
 
Level 2
 
Level 3
 
(In thousands)
Assets:
 
 
 
 
 
Fixed price swaps
$
—

 
$
664

 
$
—

       Equity investment in Diamondback
151,317

 
—

 
—

Liabilities:
 
 
 
 
 
Fixed price swaps
$
—

 
$
10,442

 
$
—