Quarterly report pursuant to Section 13 or 15(d)

Hedging Activities (Tables)

v2.4.0.8
Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2014
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Schedule Of Derivative Instruments
At September 30, 2014, the Company had the following fixed price swaps in place:
 
 
Daily Volume
(Bbls/day)
 
Weighted
Average Price
October 2014 - December 2014
2,000

 
$
101.50


 
Daily Volume (MMBtu/day)
 
Weighted
Average Price
October 2014 - December 2014
155,000

 
$
4.07

January 2015 - March 2015
175,000

 
$
4.08

April 2015
185,000

 
$
4.07

May 2015 - December 2015
195,000

 
$
4.07

January 2016 - March 2016
135,000

 
$
4.03

April 2016
125,000

 
$
4.03

May 2016 - December 2016
30,000

 
$
4.01

Schedule Of Derivative Instruments In Statement Of Financial Position
At September 30, 2014 the fair value of derivative assets and liabilities related to the fixed price swaps and swaptions was as follows:
 
 
(In thousands)
Short-term derivative instruments - asset
$
5,753

Long-term derivative instruments - asset
$
1,156

Short-term derivative instruments - liability
$
3,891

Long-term derivative instruments - liability
$
2,771

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 and nine months ended September 30, 2014 and 2013 are presented below.
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
 
(In thousands)
Reduction to oil and condensate sales
$
—

 
$
(1,617
)
 
$
—

 
$
(4,818
)