Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Fair Value Of Derivative Financial Instruments

Fair Value of Derivative Financial Instruments

(in thousands)	June 30, 2014			December 31, 2013
Derivative financial instruments - Current assets	$	2,330		$	8,226
Derivative financial instruments - Long-term assets	2,773			6,829
Derivative financial instruments - Current liabilities	(29,451		)	(11,919		)
Derivative financial instruments - Long-term liabilities	(5,454		)	(9,671		)
Net derivative financial instruments	$	(29,802	)	$	(6,535	)

Effect Of Derivative Financial Instruments

Effect of Derivative Financial Instruments

	Three Months Ended June 30,					Six Months Ended June 30,
(in thousands)	2014			2013		2014			2013
Gain (loss) on derivative financial instruments	$	(14,718	)	$	55,246	$	(57,740	)	$	11,732

Fair Value Of Oil And Natural Gas Derivative Financial Instruments

The following table presents the volumes and fair value of our oil and natural gas derivative financial instruments (including our 25.5% proportionate interest in Compass's derivative financial instruments) as of June 30, 2014:

(in thousands, except prices)	Volume Mmbtu/Bbl	Weighted average strike price per Mmbtu/Bbl		Fair value at June 30, 2014
Natural gas:
Swaps:
Remainder of 2014	42,371	$	4.22	(9,600		)
2015	28,287	4.31		2,666
Call options:
Remainder of 2014	10,120	4.29		(3,096		)
2015	20,075	4.29		(6,837		)
Total natural gas				$	(16,867	)
Oil:
Swaps:
Remainder of 2014	829	$	95.03	(6,871		)
2015	976	93.19		(4,221		)
Basis swaps:
Remainder of 2014	92	6.03		297
2015	91	6.10		288
Call options:
Remainder of 2014	184	100.00		(920		)
2015	365	100.00		(1,508		)
Total oil				$	(12,935	)
Total oil and natural gas derivative financial instruments				$	(29,802	)