XML 21 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Basis of Presentation of Interim Consolidated Financial Statements (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
De-designation of commodity derivative contracts [Abstract]        
Unrealized gain (Loss) on derivatives contract $ (38.4)   $ 89.9 $ 58.8
REVENUES        
Natural gas sales 138.9 298.7 300.1 611.3
Oil sales 107.2 80.7 218.0 143.7
NGL sales 82.1 63.8 179.5 111.7
Gathering, processing and other 45.8 58.9 95.6 105.5
OPERATING EXPENSES        
Natural gas, oil and NGL transportation and other handling costs 40.7 24.0 75.2 45.7
Proved Properties [Member]
       
Impaired Long-Lived Assets Held and Used [Line Items]        
Impairment of long-lived assets 48.9   49.3  
Unproved Properties [Member]
       
Impaired Long-Lived Assets Held and Used [Line Items]        
Impairment of long-lived assets 6.1   12.1  
Southern Region [Member] | Proved Properties [Member]
       
Impaired Long-Lived Assets Held and Used [Line Items]        
Impairment of long-lived assets 48.9      
Southern Region [Member] | Unproved Properties [Member]
       
Impaired Long-Lived Assets Held and Used [Line Items]        
Impairment of long-lived assets 3.1   6.1  
Northern Region [Member] | Proved Properties [Member]
       
Impaired Long-Lived Assets Held and Used [Line Items]        
Impairment of long-lived assets     0.4  
Northern Region [Member] | Unproved Properties [Member]
       
Impaired Long-Lived Assets Held and Used [Line Items]        
Impairment of long-lived assets 3.0   6.0  
QEP Field Services [Member]
       
REVENUES        
NGL sales   16.5   33.7
Gathering, processing and other   123.5   221.4
Prior periods presentation of revenues [Member]
       
REVENUES        
Natural gas sales   258.1 [1]   529.1 [1]
Oil sales   80.0 [1]   142.3 [1]
NGL sales   61.6 [1]   107.4 [1]
Gathering, processing and other   78.4 [1]   147.7 [1]
OPERATING EXPENSES        
Natural gas, oil and NGL transportation and other handling costs   0 [1]   0 [1]
Prior periods presentation of revenues [Member] | QEP Field Services [Member]
       
REVENUES        
NGL sales   45.1   73.7
Restatement Adjustment [Member]
       
REVENUES        
Natural gas sales   40.6   82.2
Oil sales   0.7   1.4
NGL sales   2.2   4.3
Gathering, processing and other   (19.5)   (42.2)
OPERATING EXPENSES        
Natural gas, oil and NGL transportation and other handling costs   $ 24.0   $ 45.7
[1] The "As reported" numbers reflect QEP Field Services NGL sales of $45.1 million and $73.7 million in the three and six months ended June 30, 2011, which have been reclassified from "Gathering, processing and other" into "NGL sales" for consistency with current period presentation. In its second quarter 2011 Form 10-Q, QEP reported "NGL sales" of $16.5 million and $33.7 million, and "Gathering, processing and other" of $123.5 million, and $221.4 million for the three and six months ended June 30, 2011, respectively. The QEP Field Services NGL reclassification is all within "Revenues" and has no effect on income from continuing operations, net income or earnings per share.