XML 89 R60.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Contracts (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Derivatives, Fair Value [Line Items]      
Forecasted production from proved reserves (in hundredths) 100.00%    
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax $ (77.6) [1] $ (171.1) [1] $ 24.8 [1]
Unrealized gains on derivative contracts     395.9
Unrealized gains on derivative contracts, net of tax     248.6
Asset Retirement Obligation       
Total principal amount of debt 3,001.8 3,211.8  
Index NYMEX    
Derivative Contracts - Volumes and Prices      
Notional amount of interest rate derivatives 300.0    
Fair Value of Derivative Contracts, Gross [Abstract]      
Derivative Asset, Fair Value, Gross 6.5 193.9  
Derivative Liability, Fair Value, Gross 32.0 7.3  
Derivative instruments - long-term       
Derivative instruments - short-term       
Derivative instruments - long-term 0 3.6  
Commodity Contract [Member] | Oil Sales (Bbls) [Member] | Year 2015 [Member] [Domain] | NYMEX WTI [Member]
     
Derivatives, Fair Value [Line Items]      
Year 2015    
Index NYMEX WTI    
Derivative Contracts - Volumes and Prices      
Total Volume (in Bcf, Mbbl, millions of gallons, millions of MMBtu) 700,000    
Average Swap price per unit ($ per unit) 88.60    
Swap [Member] | Natural Gas Sales (MMbtu) [Member] | Year 2015 [Member] [Domain] | NYMEX [Member]
     
Derivatives, Fair Value [Line Items]      
Year 2015    
Derivative Contracts - Volumes and Prices      
Total Volume (in Bcf, Mbbl, millions of gallons, millions of MMBtu) 3,700,000    
Average Swap price per unit ($ per unit) 4.16    
Swap [Member] | Natural Gas Sales (MMbtu) [Member] | 2014 [Member] | NYMEX [Member]
     
Derivatives, Fair Value [Line Items]      
Year 2014    
Index NYMEX    
Derivative Contracts - Volumes and Prices      
Total Volume (in Bcf, Mbbl, millions of gallons, millions of MMBtu) 25,600,000    
Average Swap price per unit ($ per unit) 4.19    
Swap [Member] | Natural Gas Sales (MMbtu) [Member] | 2014 [Member] | IFNPCR [Member]
     
Derivatives, Fair Value [Line Items]      
Year 2014    
Index IFNPCR    
Derivative Contracts - Volumes and Prices      
Total Volume (in Bcf, Mbbl, millions of gallons, millions of MMBtu) 58,400,000    
Average Swap price per unit ($ per unit) 3.98    
Swap [Member] | Oil Sales (Bbls) [Member] | NYMEX WTI [Member]
     
Derivatives, Fair Value [Line Items]      
Year 2014    
Index ICE Brent    
Derivative Contracts - Volumes and Prices      
Average Swap price per unit ($ per unit) 13.78    
Swap [Member] | Oil Sales (Bbls) [Member] | NYMEX WTI [Member]
     
Derivatives, Fair Value [Line Items]      
Year 2014    
Index NYMEX WTI    
Derivative Contracts - Volumes and Prices      
Average Swap price per unit ($ per unit) 93.68    
Swap [Member] | Oil Sales (Bbls) [Member] | 2014 [Member] | NYMEX WTI [Member]
     
Derivative Contracts - Volumes and Prices      
Total Volume (in Bcf, Mbbl, millions of gallons, millions of MMBtu) 2,000    
Swap [Member] | Oil Sales (Bbls) [Member] | 2014 [Member] | NYMEX WTI [Member]
     
Derivative Contracts - Volumes and Prices      
Total Volume (in Bcf, Mbbl, millions of gallons, millions of MMBtu) 12,100,000    
Swap [Member] | QEP Marketing [Member] | Year 2013 [Member] | IFNPCR [Member]
     
Derivatives, Fair Value [Line Items]      
Year 2014    
Index IFNPCR    
Derivative Contracts - Volumes and Prices      
Total Volume (in Bcf, Mbbl, millions of gallons, millions of MMBtu) 4,700,000    
Average Swap price per unit ($ per unit) 3.77    
Swap [Member] | QEP Resources [Member]
     
Derivative Contracts - Volumes and Prices      
Notional amount of interest rate derivatives 300.0    
Maturity Mar. 31, 2017    
Fixed Rate Paid (in hundredths) 1.07%    
Variable Rate Received One month LIBOR    
Swap [Member] | Purchased Gas and Oil Expense [Member] | Year 2013 [Member] | IFNPCR [Member]
     
Derivatives, Fair Value [Line Items]      
Year 2014    
Index IFNPCR    
Derivative Contracts - Volumes and Prices      
Total Volume (in Bcf, Mbbl, millions of gallons, millions of MMBtu) 1,000,000    
Average Swap price per unit ($ per unit) 3.78    
Term Loan due 2017 [Member]
     
Derivatives, Fair Value [Line Items]      
Total principal amount of debt 300.0 300.0  
Short term [Member] | Interest Rate Swap [Member]
     
Fair Value of Derivative Contracts, Gross [Abstract]      
Derivative Asset, Fair Value, Gross 0 0  
Derivative Liability, Fair Value, Gross 2.6 2.6  
Short term [Member] | Commodity Contract [Member]
     
Fair Value of Derivative Contracts, Gross [Abstract]      
Derivative Asset, Fair Value, Gross 5.5 189.7  
Derivative Liability, Fair Value, Gross 29.4 1.0  
Long term [Member] | Interest Rate Swap [Member]
     
Fair Value of Derivative Contracts, Gross [Abstract]      
Derivative Asset, Fair Value, Gross 0.6 0  
Derivative Liability, Fair Value, Gross 0 3.6  
Long term [Member] | Commodity Contract [Member]
     
Fair Value of Derivative Contracts, Gross [Abstract]      
Derivative Asset, Fair Value, Gross 0.4 4.2  
Derivative Liability, Fair Value, Gross $ 0 $ 0.1  
[1] Presented net of income tax benefit of $45.9 million and $101.3 million during the years ended December 31, 2013 and 2012, respectively, and net of income tax expense of $14.7 million during the year ended December 31, 2011.