Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position Fair Value

The following sets forth a summary of the distribution of net fair value of the Company’s derivative instruments for each counterparty in a net asset position:

Counterparty	September 30, 2013		December 31, 2012
Credit Suisse	57	%	40	%
Societe Generale	27	%	22	%
BNP Paribas	13	%	33	%
Regions	2	%	—	%
BBVA Compass	1	%	3	%
Wells Fargo	—	%	2	%
Total	100	%	100	%

Schedule Of U.S. Natural Gas Derivative Positions

The following sets forth a summary of the Company’s natural gas derivative positions at average NYMEX prices as of September 30, 2013:

Period	Type of Contract	Volumes (in MMBtu/d)	Weighted Average Floor Price ($/MMBtu)		Weighted Average Ceiling Price ($/MMBtu)
Q4 2013	Swaps	55,000	$	4.58
FY 2014	Swaps	40,000	$	4.07
	Calls	10,000			$	5.50
FY 2015	Swaps	10,000	$	4.33

Schedule Of U.S. Crude Oil Derivative Positions

The following sets forth a summary of the Company’s crude oil derivative positions at average NYMEX prices as of September 30, 2013:

Period	Type of Contract	Volumes (in Bbls/d)	Weighted Average Floor  Price ($/Bbl)		Weighted Average Ceiling  Price ($/Bbl)		Weighted Average Short Put  Price ($/Bbl)		Weighted Average Put Spread ($/Bbl)
Q4 2013	Swaps	4,000	$	94.15
	Collars	6,100	$	87.75	$	105.68
FY 2014	Swaps	5,996	$	92.36
	Collars	3,000	$	88.33	$	104.26
	Three-way collars	500	$	85.00	$	107.75	$	65.00	$	20.00
FY 2015	Swaps	3,250	$	90.64
	Collars	700	$	90.00	$	100.65
	Three-way collars	1,000	$	85.00	$	105.00	$	65.00	$	20.00
FY 2016	Three-way collars	667	$	85.00	$	104.00	$	65.00	$	20.00

Schedule Of Derivative Instruments

For the three and nine months ended September 30,2013 and 2012, the Company recorded the following related to its oil and gas derivative instruments:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
	(In thousands)
Realized gain on derivative instruments, net	$	1,313		$	9,450		$	9,320		$	30,544
Unrealized loss on derivative instruments, net	(28,971		)	(24,168		)	(25,806		)	(3,569		)
Gain (loss) on derivative instruments, net	$	(27,658	)	$	(14,718	)	$	(16,486	)	$	26,975