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Disclosures About Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Assets And Liabilities That Are Measured At Fair Value On A Recurring Basis
The following tables present the Company's assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2013 and 2012 for each of the fair value hierarchy levels:
 
 
Fair Value Measurements at the End of the Reporting Period Using
 
 
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Fair Value at December 31, 2013
 
(in thousands)
Assets:
 
 
 
 
 
 
 
Trading securities
$
136

 
$
146

 
$

 
$
282

Commodity derivatives

 
156,561

 

 
156,561

Interest rate derivatives

 
9,530

 

 
9,530

Deferred compensation plan assets
63,971

 

 

 
63,971

Total assets
64,107

 
166,237

 

 
230,344

Liabilities:
 
 
 
 
 
 
 
Commodity derivatives

 
11,626

 

 
11,626

Interest rate derivatives

 
9,933

 

 
9,933

Total liabilities

 
21,559

 

 
21,559

Total recurring fair value measurements
$
64,107

 
$
144,678

 
$

 
$
208,785

 
 
 
 
 
 
 
 

 
Fair Value Measurements at the End of the Reporting Period Using
 
 
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Fair Value at December 31, 2012
 
(in thousands)
Assets:
 
 
 
 
 
 
 
Trading securities
$
124

 
$
154

 
$

 
$
278

Commodity derivatives

 
334,376

 

 
334,376

Deferred compensation plan assets
49,685

 

 

 
49,685

Total assets
49,809

 
334,530

 

 
384,339

Liabilities:
 
 
 
 
 
 
 
Commodity derivatives

 
15,999

 

 
15,999

Interest rate derivatives

 
9,724

 

 
9,724

Total liabilities

 
25,723

 

 
25,723

Total recurring fair value measurements
$
49,809

 
$
308,807

 
$

 
$
358,616

Fair Value Measurements, Nonrecurring [Table Text Block]
The following table presents the fair value and fair value adjustments (in millions) for the Company's 2013, 2012 and 2011 proved property impairments, as well as the average oil price per barrel ("BBL") and gas price per British thermal unit ("MMBTU") utilized in respective Management's Price Outlooks:
 
 
Year ended
 
Fair
 
Fair Value
 
Management's Price Outlooks
 
 
December 31,
 
Value
 
Adjustment
 
Oil
 
Gas
Edwards Trend/Austin Chalk
 
2011
 
$
189.9

 
$
(354.4
)
 
$
92.69

 
$
5.14

Barnett Shale
 
2012
 
$
184.8

 
$
(532.6
)
 
$
87.09

 
$
4.78

Raton
 
2013
 
$
533.6

 
$
(1,495.2
)
 
$
80.40

 
$
4.43

Fair Value of Assets Classified as Held for Sale [Table Text Block]
The following table presents the estimated fair value less costs to sell and fair value adjustments for the Company's assets classified as held for sale as of December 31, 2013:
 
 
Estimated Fair Value Less Costs to Sell
 
Fair Value Adjustment
 
 
(in millions)
Discontinued operations held for sale - Alaska
 
$
350.6

 
$
(539.8
)
Discontinued operations held for sale - Barnett Shale field
 
$
180.4

 
$
(189.5
)
Other long-lived assets held for sale - Sendero
 
$
31.4

 
$
(25.5
)
Fair Value Measurements Not Carried At Fair Value
Carrying values and fair values of financial instruments that are not carried at fair value in the consolidated balance sheet as of December 31, 2013 and 2012 are as follows: 

 
 
December 31, 2013
 
December 31, 2012
 
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
 
(in thousands)
Long-term debt
 
$
2,653,059

 
$
3,018,830

 
$
3,721,193

 
$
4,555,770