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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Oil Derivative Contracts Volume And Weighted Average Price
The following table sets forth the volumes per day in BBLs associated with the Company's outstanding oil derivative contracts as of December 31, 2013 and the weighted average oil prices per BBL for those contracts:
 
 
2014
 
2015
 
2016
Swap contracts:
 
 
 
 
 
Volume (BBLs)
10,000

 
—

 
—

Average price per BBL
$
93.87

 
$
—

 
$
—

Collar contracts with short puts:
 
 
 
 
 
Volume (BBLs)
69,000

 
85,000

 
25,000

Average price per BBL:
 
 
 
 
 
Ceiling
$
114.05

 
$
98.98

 
$
93.30

Floor
$
93.70

 
$
88.06

 
$
85.00

Short put
$
77.61

 
$
73.06

 
$
70.00
Gas Volume And Weighted Average Price
The following table sets forth the volumes per day in MMBTUs associated with the Company's outstanding gas derivative contracts as of December 31, 2013 and the weighted average gas prices per MMBTU for those contracts:
 
 
2014
 
2015
 
2016
Swap contracts:
 
 
 
 
 
Volume (MMBTUs)
195,000

 
20,000

 
—

Price per MMBTU
$
4.04

 
$
4.31

 
$
—

Collar contracts with short puts:
 
 
 
 
 
Volume (MMBTUs)
115,000

 
285,000

 
20,000

Price per MMBTU:
 
 
 
 
 
Ceiling
$
4.70

 
$
5.07

 
$
5.36

Floor
$
4.00

 
$
4.00

 
$
4.00

Short put
$
3.00

 
$
3.00

 
$
3.00

Basis swap contracts:
 
 
 
 
 
Volume (MMBTUs) (a)
85,082

 
30,000

 
—

Price per MMBTU
$
(0.20
)
 
$
(0.18
)
 
$
—


_________________
(a)
Subsequent to December 31, 2013, the Company entered into additional basis swap contracts for 35,000 MMBTU per day of April through December 2014 production with a negative price differential of $0.27 per MMBTU between the relevant index price and the NYMEX price.
Offsetting Asset and Liability [Table Text Block]
The aggregate fair value of the Company's derivative instruments reported in the consolidated balance sheets by type and counterparty, including the classification between current and noncurrent assets and liabilities, consists of the following:
 
Fair Value of Derivative Instruments as of December 31, 2013
Type
 
Consolidated Balance Sheet
Location
 
Fair
Value
 
Gross Amounts Offset in the Consolidated Balance Sheet
 
Net Fair Value Presented in the Consolidated Balance Sheet
 
 
 
 
(in thousands)
Derivatives not designated as hedging instruments
 
 
 
 
 
 
Asset Derivatives:
 
 
 
 
 
 
Commodity price derivatives
 
Derivatives - current
 
$
73,431

 
$
(7,724
)
 
$
65,707

Interest rate derivatives
 
Derivatives - current
 
$
9,530

 
$
—

 
$
9,530

Commodity price derivatives
 
Derivatives - noncurrent
 
$
95,358

 
$
(4,504
)
 
90,854

Interest rate derivatives
 
Derivatives - noncurrent
 
$
15,493

 
$
(15,493
)
 
$
—

 
 
 
 
 
 
 
 
$
166,091

Liability Derivatives:
 
 
 
 
 
 
Commodity price derivatives
 
Derivatives - current
 
$
19,350

 
$
(7,724
)
 
$
11,626

Commodity price derivatives
 
Derivatives - noncurrent
 
$
4,504

 
$
(4,504
)
 
—

Interest rate derivatives
 
Derivatives - noncurrent
 
$
25,426

 
$
(15,493
)
 
$
9,933

 
 
 
 
 
 
 
 
$
21,559


Fair Value of Derivative Instruments as of December 31, 2012
Type
 
Consolidated Balance Sheet
Location
 
Fair
Value
 
Gross Amounts Offset in the Consolidated Balance Sheet
 
Net Fair Value Presented in the Consolidated Balance Sheet
 
 
 
 
(in thousands)
Derivatives not designated as hedging instruments
 
 
 
 
 
 
Asset Derivatives:
 
 
 
 
 
 
Commodity price derivatives
 
Derivatives - current
 
$
286,805

 
$
(7,686
)
 
$
279,119

Commodity price derivatives
 
Derivatives - noncurrent
 
$
61,618

 
$
(6,361
)
 
55,257

 
 
 
 
 
 
 
 
$
334,376

Liability Derivatives:
 
 
 
 
 
 
Commodity price derivatives
 
Derivatives - current
 
$
21,102

 
$
(7,686
)
 
$
13,416

Commodity price derivatives
 
Derivatives - noncurrent
 
$
8,944

 
$
(6,361
)
 
2,583

Interest rate derivatives
 
Derivatives - noncurrent
 
$
9,724

 
$
—

 
9,724

 
 
 
 
 
 
 
 
$
25,723
Schedule of Derivative Obligations Under Terminated Hedge Arrangements [Table Text Block]
The following table details the location of gains and losses reclassified from AOCI-Hedging into earnings on the Company's discontinued cash flow hedging contracts in the accompanying consolidated statements of operations:
Derivatives in Cash Flow Hedging Relationships
 
Location of Gain/(Loss)
Reclassified from AOCI
into Earnings
 
Amount of Gain/(Loss) Reclassified
from AOCI into Earnings
Year Ended December 31,
2013
 
2012
 
2011
 
 
 
 
(in thousands)
Interest rate derivatives
 
Interest expense
 
$
—

 
$
(1,699
)
 
$
(282
)
Commodity price derivatives
 
Oil and gas revenue
 
—

 
(3,156
)
 
32,918

Total
 
 
 
$
—

 
$
(4,855
)
 
$
32,636
Schedule of Derivative Gains and Losses Recognized on Statement of Operations [Table Text Block]
The following table details the location of gains and losses recognized on the Company's derivative contracts in the accompanying consolidated statements of operations:

Derivatives Not Designated as Hedging Instruments
 
Location of Gain (Loss)
Recognized in Earnings on Derivatives
 
Amount of Gain (Loss) Recognized in
Earnings on Derivatives
Year Ended December 31,
2013
 
2012
 
2011
 
 
 
 
(in thousands)
Interest rate derivatives
 
Derivative gains, net
 
$
9,803

 
$
(22,428
)
 
$
3,098

Commodity price derivatives
 
Derivative gains, net
 
(5,793
)
 
352,679

 
389,654

Total
 
 
 
$
4,010

 
$
330,251

 
$
392,752
Schedule of Derivative Assets and Liabilities by Counterparty [Table Text Block]
The following table provides the Company's net derivative assets or liabilities by counterparty as of December 31, 2013:
 
 
Net Assets (Liabilities)
 
(in thousands)
JP Morgan Chase
$
46,908

Morgan Stanley
17,411

Merrill Lynch
16,979

Barclays Capital
16,923

Den Norske Bank
8,928

Societe Generale
8,754

Macquarie Bank
8,146

J. Aron & Company
6,817

Wells Fargo Bank, N.A.
4,969

Citibank, N.A.
4,857

Deutsche Bank
1,374

BMO Financial Group
1,041

Credit Suisse
992

BP Corporation North America
793

Royal Bank of Canada
752

BNP Paribas
473

Toronto Dominion
(476
)
Mitsubishi UFJ Financial Group
(504
)
Credit Agricole
(605
)
Total
$
144,532