Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2015

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule Of Derivative Instruments

At September 30, 2015, the Company had the following fixed price swaps and swaptions in place:

	Daily Volume (Bbls/day)	Weighted Average Price
October 2015 - June 2016	2,500	$	62.38

	Daily Volume (MMBtu/day)	Weighted Average Price
October 2015	322,500	$	3.79
November 2015 - December 2015	282,500	$	3.91
January 2016 - March 2016	377,500	$	3.63
April 2016	367,500	$	3.62
May 2016 - December 2016	297,500	$	3.52
January 2017 - June 2017	182,500	$	3.59
July 2017 - December 2017	120,000	$	3.40
January 2018 - December 2018	70,000	$	3.35
January 2019 - March 2019	20,000	$	3.37

	Daily Volume (Gal/day)	Weighted Average Price
October 2015 - December 2016	42,000	$	0.48

In addition, the Company has entered into natural gas basis swap positions, which settle on the pricing index to basis differential of MichCon to the NYMEX Henry Hub natural gas price. As of September 30, 2015, the Company's natural gas basis swap positions were as follows:

	Daily Volume (MMBtu/day)	Hedged Differential
October 2015	40,000	$	0.02
November 2015 - March 2016	70,000	$	0.11
April 2016 - December 2016	40,000	$	0.02

Schedule Of Derivative Instruments In Statement Of Financial Position

At September 30, 2015 the fair value of derivative assets and liabilities related to the fixed price swaps, swaptions and basis swaps was as follows:

	(In thousands)
Short-term derivative instruments - asset	$	116,100
Long-term derivative instruments - asset	$	51,171
Short-term derivative instruments - liability	$	2,351
Long-term derivative instruments - liability	$	3,208