Annual report pursuant to Section 13 and 15(d)

Hedging Activities (Tables)

v2.4.1.9
Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2014
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Schedule Of Derivative Instruments
At December 31, 2014, the Company had the following fixed price swaps in place:
 
 
Daily Volume (MMBtu/day)
 
Weighted
Average Price
January 2015 - March 2015
190,625

 
$
4.12

April 2015
191,250

 
$
4.05

May 2015 - June 2015
201,250

 
$
4.05

July 2015 - September 2015
216,875

 
$
4.04

October 2015 - December 2015
232,500

 
$
4.04

January 2016 - March 2016
172,500

 
$
3.99

April 2016
162,500

 
$
3.99

May 2016 - December 2016
92,500

 
$
3.97

January 2017 - June 2017
62,500

 
$
3.96

Schedule Of Derivative Instruments In Statement Of Financial Position
At December 31, 2014 the fair value of derivative assets and liabilities related to the fixed price swaps was as follows:
 
 
(In thousands)
Short-term derivative instruments - asset
$
78,391

Long-term derivative instruments - asset
$
24,448


At December 31, 2013 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
$
324

Long-term derivative instruments - asset
$
521

Short-term derivative instruments - liability
$
12,280

Long-term derivative instruments - liability
$
11,366


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 years ended December 31, 2014, 2013 and 2012 are presented below.
 
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(In thousands)
Reduction to oil and condensate sales
$
—

 
$
(9,779
)
 
$
(1,517
)
Schedule of Cumulative Hedging Activities Included in Accumulated Other Comprehensive Income
The following table presents the balances of the Company’s cumulative hedging activities included in other comprehensive loss.
 
 
(In thousands)

December 31, 2011
$
1,576

December 31, 2012
$
(9,660
)
December 31, 2013
$
—

December 31, 2014
$
—