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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value Measurements
The following tables summarize the Company’s financial and non-financial liabilities by FASB ASC 820 valuation level as of December 31, 2013 and 2012:
 
 
December 31, 2013
 
Level 1
 
Level 2
 
Level 3
 
(In thousands)
Assets:
 
 
 
 
 
Fixed price swaps
$

 
$
845

 
$

       Equity investment in Diamondback
178,708

 

 

Liabilities:
 
 
 
 
 
Fixed price swaps and swaptions
$

 
$
23,646

 
$

 
December 31, 2012
 
Level 1
 
Level 2
 
Level 3
 
(In thousands)
Assets:
 
 
 
 
 
Fixed price swaps
$

 
$
664

 
$

       Equity investment in Diamondback
151,317

 

 

Liabilities:
 
 
 
 
 
Fixed price swaps
$

 
$
10,442

 
$