Derivatives And Risk Management (Tables)

3 Months Ended

Mar. 31, 2014

Derivatives And Risk Management [Abstract]

Balance Sheet Classification Of Derivative Financial Instruments

	Derivative Assets
	March 31, 2014			December 31, 2013
	Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
	(in thousands)
Derivatives designated as hedging instruments:
Fixed price swaps	Derivative assets	$	1,362	Derivative assets	$	20,631
Total derivatives designated as hedging instruments		$	1,362		$	20,631
Derivatives not designated as hedging instruments:
Basis swaps	Derivative assets	$	9,692	Derivative assets	$	12,858
Fixed price swaps	Derivative assets		390	Derivative assets		37,382
Basis swaps	Other long-term assets		–	Other long-term assets		107
Fixed price swaps	Other long-term assets		30,245	Other long-term assets		–
Interest rate swaps	Other long-term assets		5,464	Other long-term assets		7,525
Total derivatives not designated as hedging instruments		$	45,791		$	57,872
Total derivative assets		$	47,153		$	78,503
	Derivative Liabilities
	March 31, 2014			December 31, 2013
	Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
	(in thousands)
Derivatives designated as hedging instruments:
Fixed price swaps	Other current liabilities	$	32,971	Other current liabilities	$	3,884
Total derivatives designated as hedging instruments		$	32,971		$	3,884
Derivatives not designated as hedging instruments:
Basis swaps	Other current liabilities	$	7,808	Other current liabilities	$	1,501
Fixed price swaps	Other current liabilities		16,022	Other current liabilities		185
Fixed price call options	Other current liabilities		17,273	Other current liabilities		–
Interest rate swaps	Other current liabilities		2,177	Other current liabilities		1,520
Basis swaps	Other long-term liabilities		603	Other long-term liabilities		–
Fixed price call options	Other long-term liabilities		40,029	Other long-term liabilities		30,388
Interest rate swaps	Other long-term liabilities		2,495	Other long-term liabilities		3,012
Total derivatives not designated as hedging instruments		$	86,407		$	36,606
Total derivative liabilities		$	119,378		$	40,490

Schedule Of Derivative Instruments, Volumes Of Natural Gas Production

Year	Fixed price swaps	Fixed price swaps not designated for hedge accounting	Total
2014	211.8	136.8	348.6
2015	-	119.5	119.5

Summary Of Before Tax Effect Of Cash Flow Hedges On Consolidated Financial Statements

		Loss Recognized in Other Comprehensive Income
		(Effective Portion)
		For the three months ended
		March 31,
Derivative Instrument		2014		2013
		(in thousands)
Fixed price swaps		$	(90,334)	$	(73,902)
	Classification of Gain (Loss)	Gain (Loss) Reclassified from Accumulated
	Reclassified from	Other Comprehensive Income
	Accumulated Other	into Earnings (Effective Portion)
	Comprehensive Income	For the three months ended
	into Earnings	March 31,
Derivative Instrument	(Effective Portion)	2014		2013
		(in thousands)
Fixed price swaps	Gas sales	$	(41,978)	$	78,621
		Gain (Loss) Recognized in Earnings
		(Ineffective Portion)
	Classification of Gain (Loss)	For the three months ended
	Recognized in Earnings	March 31,
Derivative Instrument	(Ineffective Portion)	2014		2013
		(in thousands)
Fixed price swaps	Gas sales	$	(1,940)	$	1,301

Summary Of Before Tax Effect Of Fair Value Hedges Not Designated For Hedge Accounting

		Gain (Loss) on Derivatives
		net of settlement
		Recognized in Earnings
		For the three months ended
	Consolidated Statement of Operations	March 31,
Derivative Instrument	Classification of Gain (Loss) on Derivatives, Net of Settlement	2014		2013
		(in thousands)
Basis swaps	Gain (Loss) on Derivatives	$	(10,184)	$	(2,950)
Fixed price call options	Gain (Loss) on Derivatives	$	(26,913)	$	(57,082)
Fixed price swaps	Gain (Loss) on Derivatives	$	(22,585)	$	29,232
Interest rate swaps	Gain (Loss) on Derivatives	$	(2,202)	$	–
		Gain (Loss)
		on Derivatives, Settled (1)
		Recognized in Earnings
	Consolidated Statement of Operations	For the three months ended
	Classification of Gain (Loss)	March 31,
Derivative Instrument	on Derivatives, Settled (1)	2014		2013
		(in thousands)
Basis swaps	Gain (Loss) on Derivatives	$	(14,270)	$	1,007
Fixed price swaps	Gain (Loss) on Derivatives	$	(23,453)	$	–
Interest rate swaps	Gain (Loss) on Derivatives	$	(113)	$	–

⁽¹⁾ The Company calculates gain (loss) on derivatives, settled, as the summation of gains and losses on positions that have settled within the period reported.