Derivatives (Commodity Derivatives) (Details) | 12 Months Ended |
Dec. 31, 2013 | Dec. 31, 2012 |
MBbls | MBbls |
MMMBTU | MMMBTU |
Derivative [Line Items] | ' | | ' |
Volumes of natural gas production on settled derivatives (in MMMbtu) | 173,488 | | 140,884 |
Average contract price per MMBtu on settled derivatives | 5.29 | | 5.41 |
Volumes of oil production on settled derivatives (in MBbls) | 15,590 | | 11,289 |
Average contract price per barrel on settled derivatives | 95.35 | | 97.61 |
2014 | Natural Gas Derivative Instruments | Fixed price swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 97,400 | | ' |
Weighted Average Fixed Price (in usd per energy unit) | 5.25 | | ' |
2014 | Natural Gas Derivative Instruments | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 79,628 | [1] | ' |
Weighted Average Short Put Price (in usd per energy unit) | 5 | [1] | ' |
2014 | Oil Derivative Instruments | Fixed price swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 16,831 | [2] | ' |
Weighted Average Fixed Price (in usd per energy unit) | 92.44 | [2] | ' |
2014 | Oil Derivative Instruments | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 3,960 | | ' |
Weighted Average Short Put Price (in usd per energy unit) | 91.3 | | ' |
2014 | Oil Derivative Instruments | Collars | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 730 | | ' |
Derivative, Floor Price | 90 | | ' |
Derivative, Cap Price | 102.87 | | ' |
2014 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 3,103 | | ' |
2014 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | Short | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 72.11 | | ' |
Derivative, Cap Price | 109.79 | | ' |
2014 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | Long | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 93.76 | | ' |
2014 | Oil Derivative Instruments | Three-way collars (ICE Brent) | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 365 | | ' |
2014 | Oil Derivative Instruments | Three-way collars (ICE Brent) | Short | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 80 | | ' |
Derivative, Cap Price | 114.05 | | ' |
2014 | Oil Derivative Instruments | Three-way collars (ICE Brent) | Long | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 100 | | ' |
2014 | Natural Gas Basis Differential Positions | Panhandle basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 79,388 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.33 | [3] | ' |
2014 | Natural Gas Basis Differential Positions | NWPL - Rockies basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 39,718 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.2 | [3] | ' |
2014 | Natural Gas Basis Differential Positions | MichCon basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 9,490 | [3] | ' |
Hedged Differential (in usd per energy unit) | 0.08 | [3] | ' |
2014 | Natural Gas Basis Differential Positions | Houston Ship Channel basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 5,256 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.1 | [3] | ' |
2014 | Natural Gas Basis Differential Positions | Permian basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 4,891 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.21 | [3] | ' |
2014 | Oil Basis Differential Commodity Contract [Member] | ICE Brent - NYMEX WTI basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 3,650 | | ' |
Hedged Differential (in usd per energy unit) | 11.6 | | ' |
2014 | Oil Timing Differential Positions | Trade month roll swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 9,079 | [4] | ' |
Hedged Differential (in usd per energy unit) | 0.24 | [4] | ' |
2014 | Natural Gas Liquid Commodity Contract | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 10,570 | | ' |
2015 | Natural Gas Derivative Instruments | Fixed price swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 118,041 | | ' |
Weighted Average Fixed Price (in usd per energy unit) | 5.19 | | ' |
2015 | Natural Gas Derivative Instruments | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 71,854 | [1] | ' |
Weighted Average Short Put Price (in usd per energy unit) | 5 | [1] | ' |
2015 | Oil Derivative Instruments | Fixed price swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 11,599 | [2] | ' |
Weighted Average Fixed Price (in usd per energy unit) | 96.23 | [2] | ' |
2015 | Oil Derivative Instruments | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 3,426 | | ' |
Weighted Average Short Put Price (in usd per energy unit) | 90 | | ' |
2015 | Oil Derivative Instruments | Collars | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
Derivative, Floor Price | 0 | | ' |
Derivative, Cap Price | 0 | | ' |
2015 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 1,095 | | ' |
2015 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | Short | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 70 | | ' |
Derivative, Cap Price | 101.62 | | ' |
2015 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | Long | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 90 | | ' |
2015 | Oil Derivative Instruments | Three-way collars (ICE Brent) | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
2015 | Oil Derivative Instruments | Three-way collars (ICE Brent) | Short | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
Derivative, Cap Price | 0 | | ' |
2015 | Oil Derivative Instruments | Three-way collars (ICE Brent) | Long | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
2015 | Natural Gas Basis Differential Positions | Panhandle basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 87,162 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.33 | [3] | ' |
2015 | Natural Gas Basis Differential Positions | NWPL - Rockies basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 43,292 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.2 | [3] | ' |
2015 | Natural Gas Basis Differential Positions | MichCon basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 9,344 | [3] | ' |
Hedged Differential (in usd per energy unit) | 0.06 | [3] | ' |
2015 | Natural Gas Basis Differential Positions | Houston Ship Channel basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 4,891 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.1 | [3] | ' |
2015 | Natural Gas Basis Differential Positions | Permian basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 5,074 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.21 | [3] | ' |
2015 | Oil Basis Differential Commodity Contract [Member] | ICE Brent - NYMEX WTI basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 2,920 | | ' |
Hedged Differential (in usd per energy unit) | 11.6 | | ' |
2015 | Oil Timing Differential Positions | Trade month roll swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 7,251 | [4] | ' |
Hedged Differential (in usd per energy unit) | 0.24 | [4] | ' |
2015 | Natural Gas Liquid Commodity Contract | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 10,570 | | ' |
2016 | Natural Gas Derivative Instruments | Fixed price swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 121,841 | | ' |
Weighted Average Fixed Price (in usd per energy unit) | 4.2 | | ' |
2016 | Natural Gas Derivative Instruments | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 76,269 | [1] | ' |
Weighted Average Short Put Price (in usd per energy unit) | 5 | [1] | ' |
2016 | Oil Derivative Instruments | Fixed price swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 11,465 | [2] | ' |
Weighted Average Fixed Price (in usd per energy unit) | 90.56 | [2] | ' |
2016 | Oil Derivative Instruments | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 3,271 | | ' |
Weighted Average Short Put Price (in usd per energy unit) | 90 | | ' |
2016 | Oil Derivative Instruments | Collars | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
Derivative, Floor Price | 0 | | ' |
Derivative, Cap Price | 0 | | ' |
2016 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
2016 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | Short | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
Derivative, Cap Price | 0 | | ' |
2016 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | Long | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
2016 | Oil Derivative Instruments | Three-way collars (ICE Brent) | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
2016 | Oil Derivative Instruments | Three-way collars (ICE Brent) | Short | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
Derivative, Cap Price | 0 | | ' |
2016 | Oil Derivative Instruments | Three-way collars (ICE Brent) | Long | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
2016 | Natural Gas Basis Differential Positions | Panhandle basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 59,954 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.32 | [3] | ' |
2016 | Natural Gas Basis Differential Positions | NWPL - Rockies basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 46,294 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.2 | [3] | ' |
2016 | Natural Gas Basis Differential Positions | MichCon basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 7,768 | [3] | ' |
Hedged Differential (in usd per energy unit) | 0.05 | [3] | ' |
2016 | Natural Gas Basis Differential Positions | Houston Ship Channel basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 4,575 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.1 | [3] | ' |
2016 | Natural Gas Basis Differential Positions | Permian basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 4,219 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.2 | [3] | ' |
2016 | Oil Basis Differential Commodity Contract [Member] | ICE Brent - NYMEX WTI basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
Hedged Differential (in usd per energy unit) | 0 | | ' |
2016 | Oil Timing Differential Positions | Trade month roll swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 7,446 | [4] | ' |
Hedged Differential (in usd per energy unit) | 0.25 | [4] | ' |
2016 | Natural Gas Liquid Commodity Contract | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 10,599 | | ' |
2017 | Natural Gas Derivative Instruments | Fixed price swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 120,122 | | ' |
Weighted Average Fixed Price (in usd per energy unit) | 4.26 | | ' |
2017 | Natural Gas Derivative Instruments | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 66,886 | [1] | ' |
Weighted Average Short Put Price (in usd per energy unit) | 4.88 | [1] | ' |
2017 | Oil Derivative Instruments | Fixed price swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 4,755 | [2] | ' |
Weighted Average Fixed Price (in usd per energy unit) | 89.02 | [2] | ' |
2017 | Oil Derivative Instruments | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 384 | | ' |
Weighted Average Short Put Price (in usd per energy unit) | 90 | | ' |
2017 | Oil Derivative Instruments | Collars | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
Derivative, Floor Price | 0 | | ' |
Derivative, Cap Price | 0 | | ' |
2017 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
2017 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | Short | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
Derivative, Cap Price | 0 | | ' |
2017 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | Long | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
2017 | Oil Derivative Instruments | Three-way collars (ICE Brent) | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
2017 | Oil Derivative Instruments | Three-way collars (ICE Brent) | Short | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
Derivative, Cap Price | 0 | | ' |
2017 | Oil Derivative Instruments | Three-way collars (ICE Brent) | Long | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
2017 | Oil Derivative Instruments | Extendible Fixed Price Swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Weighted Average Fixed Price (in usd per energy unit) | 100 | | ' |
Amount of outstanding extendible fixed price oil swaps of daily production (in MBbls) | 5,384 | | ' |
2017 | Natural Gas Basis Differential Positions | Panhandle basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 59,138 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.33 | [3] | ' |
2017 | Natural Gas Basis Differential Positions | NWPL - Rockies basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 38,880 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.19 | [3] | ' |
2017 | Natural Gas Basis Differential Positions | MichCon basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 7,437 | [3] | ' |
Hedged Differential (in usd per energy unit) | 0.05 | [3] | ' |
2017 | Natural Gas Basis Differential Positions | Houston Ship Channel basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 3,604 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.08 | [3] | ' |
2017 | Natural Gas Basis Differential Positions | Permian basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 4,819 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.2 | [3] | ' |
2017 | Oil Basis Differential Commodity Contract [Member] | ICE Brent - NYMEX WTI basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
Hedged Differential (in usd per energy unit) | 0 | | ' |
2017 | Oil Timing Differential Positions | Trade month roll swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 6,486 | [4] | ' |
Hedged Differential (in usd per energy unit) | 0.25 | [4] | ' |
2018 | Natural Gas Derivative Instruments | Fixed price swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 36,500 | | ' |
Weighted Average Fixed Price (in usd per energy unit) | 5 | | ' |
2018 | Natural Gas Derivative Instruments | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | [1] | ' |
Weighted Average Short Put Price (in usd per energy unit) | 0 | [1] | ' |
2018 | Oil Derivative Instruments | Fixed price swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | [2] | ' |
Weighted Average Fixed Price (in usd per energy unit) | 0 | [2] | ' |
2018 | Oil Derivative Instruments | Puts | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
Weighted Average Short Put Price (in usd per energy unit) | 0 | | ' |
2018 | Oil Derivative Instruments | Collars | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
Derivative, Floor Price | 0 | | ' |
Derivative, Cap Price | 0 | | ' |
2018 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
2018 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | Short | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
Derivative, Cap Price | 0 | | ' |
2018 | Oil Derivative Instruments | Three-way collars (NYMEX WTI) | Long | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
2018 | Oil Derivative Instruments | Three-way collars (ICE Brent) | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
2018 | Oil Derivative Instruments | Three-way collars (ICE Brent) | Short | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
Derivative, Cap Price | 0 | | ' |
2018 | Oil Derivative Instruments | Three-way collars (ICE Brent) | Long | ' | | ' |
Derivative [Line Items] | ' | | ' |
Derivative, Floor Price | 0 | | ' |
2018 | Oil Derivative Instruments | Extendible Fixed Price Swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Weighted Average Fixed Price (in usd per energy unit) | 100 | | ' |
Amount of outstanding extendible fixed price oil swaps of daily production (in MBbls) | 5,384 | | ' |
2018 | Natural Gas Basis Differential Positions | Panhandle basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 16,425 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.33 | [3] | ' |
2018 | Natural Gas Basis Differential Positions | NWPL - Rockies basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 10,804 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.19 | [3] | ' |
2018 | Natural Gas Basis Differential Positions | MichCon basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 2,044 | [3] | ' |
Hedged Differential (in usd per energy unit) | 0.05 | [3] | ' |
2018 | Natural Gas Basis Differential Positions | Houston Ship Channel basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 986 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.08 | [3] | ' |
2018 | Natural Gas Basis Differential Positions | Permian basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 1,314 | [3] | ' |
Hedged Differential (in usd per energy unit) | -0.2 | [3] | ' |
2018 | Oil Basis Differential Commodity Contract [Member] | ICE Brent - NYMEX WTI basis swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | | ' |
Hedged Differential (in usd per energy unit) | 0 | | ' |
2018 | Oil Timing Differential Positions | Trade month roll swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Annual Hedged Volume (in energy unit) | 0 | [4] | ' |
Hedged Differential (in usd per energy unit) | 0 | [4] | ' |
2019 | Oil Derivative Instruments | Extendible Fixed Price Swaps | ' | | ' |
Derivative [Line Items] | ' | | ' |
Weighted Average Fixed Price (in usd per energy unit) | 90 | | ' |
Amount of outstanding extendible fixed price oil swaps of daily production (in MBbls) | 5,384 | | ' |
|
[1] | Includes certain outstanding natural gas put options of approximately 10,570 MMMBtu for each of the years ending DecemberB 31, 2014, and DecemberB 31, 2015, and 10,599 MMMBtu for the year ending DecemberB 31, 2016, used to indirectly hedge revenues associated with NGL production. |
[2] | Includes certain outstanding fixed price oilB swaps of approximately 5,384 MBbls which may be extended annually at a price of $100.00 per Bbl for each of the years ending DecemberB 31, 2017, and DecemberB 31, 2018, and $90.00 per Bbl for the year ending DecemberB 31, 2019, if the counterparties determine that the strike prices are in-the-money on a designated date in each respective preceding year. The extension for each year is exercisable without respect to the other years. |
[3] | Settle on the respective pricing index to hedge basis differential to the NYMEX Henry Hub natural gas price. |
[4] | The Company hedges the timing risk associated with the sales price of oil in the Mid-Continent, Hugoton Basin and Permian Basin regions. In these regions, the Company generally sells oil for the delivery month at a sales price based on the average NYMEX WTI price during that month, plus an adjustment calculated as a spread between the weighted average prices of the delivery month, the next month and the following month during the period when the delivery month is prompt (the btrade month rollb). |