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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of commodity derivatives
 
2013
 
2014
 
2015
Oil Sales (Bbl/D):
18,800

 
7,500

 
3,000

Natural Gas Purchases (MMBtu/D):
10,000

 

 

Schedule of derivative assets and liabilities
 
December 31, 2012
 
Derivative Assets
 
Derivative Liabilities
(in millions)
Balance Sheet
Classification
 
Fair Value
 
Balance Sheet
Classification
 
Fair Value
Current:
 
 
 
 
 
 
 
Commodity
Derivative assets
 
$
16.4

 
Derivative liabilities
 
$
2.8

Long-term:
 
 
 
 
 
 
 
Commodity
Derivative assets
 
10.9

 
Derivative liabilities
 
1.2

Total derivatives
 
 
$
27.3

 
 
 
$
4.0

 
 
December 31, 2011
 
Derivative Assets
 
Derivative Liabilities
(in millions)
Balance Sheet
Classification
 
Fair Value
 
Balance Sheet
Classification
 
Fair Value
Current:
 
 
 
 
 
 
 
Commodity
Derivative assets
 
$
23.4

 
Derivative liabilities
 
$
37.7

Long-term:
 
 
 
 
 
 
 
Commodity
Derivative assets
 
10.5

 
Derivative liabilities
 
19.0

Total derivatives
 
 
$
33.9

 
 
 
$
56.7

Summary of (gains) losses before income taxes of derivative instruments recognized in the condensed statements of income (loss)
 (in millions)
 
 
 
Year Ended December 31,
Description of (Gain) Loss
 
Location of (Gain) Loss
Recognized in Earnings
 
2012
 
2011
 
2010
Commodity
 
 
 
 
 
 
 
 
Loss reclassified from AOCL into earnings (amortization of frozen amounts)
 
Oil and natural gas sales
 
$
10.7

 
$
60.9

 
$
18.4

(Gain) loss recognized in earnings (cash settlements and mark-to-market movements)
 
Realized and unrealized (gain) loss on derivatives, net
 
(64.6
)
 
(13.9
)
 
23.2

Interest rate
 
 
 
 

 
 

 
 

(Gain) loss reclassified from AOCL into earnings (amortization of frozen amounts)
 
Interest
 
$
(1.8
)
 
$
0.8

 
$
8.3

Loss recognized in earnings (cash settlements and mark-to-market movements)
 
Realized and unrealized (gain) loss on derivatives, net
 

 

 
8.6