Derivative Instruments and Hedging Activity (Schedule of Notional Amounts and Weighted Average Underlying Hedge Prices of Outstanding Derivative Positions) (Details) | 3 Months Ended |
Mar. 31, 2015 |
bbl |
Costless collar | Crude Oil | Costless Collar 1 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 400 | [1],[2] |
Total of Notional Volume (MMBtu's or Bbls) | 48,800 | [2] |
Floor (Long) (Price per MMBtu) | 85 | [2] |
Ceiling (Short) (Price per MMBtu) | 96.5 | [2] |
Costless collar | Crude Oil | Costless Collar 2 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 360 | [1],[2] |
Total of Notional Volume (MMBtu's or Bbls) | 43,920 | [2] |
Floor (Long) (Price per MMBtu) | 85 | [2] |
Ceiling (Short) (Price per MMBtu) | 97.8 | [2] |
Costless collar | Crude Oil | Costless Collar 3 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 150 | [1],[2] |
Total of Notional Volume (MMBtu's or Bbls) | 18,300 | [2] |
Floor (Long) (Price per MMBtu) | 85 | [2] |
Ceiling (Short) (Price per MMBtu) | 96.25 | [2] |
Costless three-way collar | Crude Oil | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 400 | [1],[3] |
Total of Notional Volume (MMBtu's or Bbls) | 73,600 | [3] |
Floor (Long) (Price per MMBtu) | 85 | [3] |
Short Put (Price per MMBtu) | 70 | [3] |
Ceiling (Short) (Price per MMBtu) | 96.5 | [3] |
Costless three-way collar | Crude Oil | 2016 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 275 | [1] |
Total of Notional Volume (MMBtu's or Bbls) | 100,600 | |
Floor (Long) (Price per MMBtu) | 85 | |
Short Put (Price per MMBtu) | 65 | |
Ceiling (Short) (Price per MMBtu) | 95.1 | |
Costless three-way collar | Crude Oil | 2017 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 280 | [1] |
Total of Notional Volume (MMBtu's or Bbls) | 102,200 | |
Floor (Long) (Price per MMBtu) | 80 | |
Short Put (Price per MMBtu) | 65 | |
Ceiling (Short) (Price per MMBtu) | 97.25 | |
Costless three-way collar | Crude Oil | Costless Three Way Collar 2 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 325 | [1],[3] |
Total of Notional Volume (MMBtu's or Bbls) | 59,800 | [3] |
Floor (Long) (Price per MMBtu) | 85 | [3] |
Short Put (Price per MMBtu) | 65 | [3] |
Ceiling (Short) (Price per MMBtu) | 97.8 | [3] |
Costless three-way collar | Crude Oil | Costless Three Way Collar 2 | 2016 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 330 | [1] |
Total of Notional Volume (MMBtu's or Bbls) | 120,780 | |
Floor (Long) (Price per MMBtu) | 80 | |
Short Put (Price per MMBtu) | 65 | |
Ceiling (Short) (Price per MMBtu) | 97.35 | |
Costless three-way collar | Crude Oil | Costless Three Way Collar 2 | 2017 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 242 | [1] |
Total of Notional Volume (MMBtu's or Bbls) | 88,150 | |
Floor (Long) (Price per MMBtu) | 80 | |
Short Put (Price per MMBtu) | 60 | |
Ceiling (Short) (Price per MMBtu) | 98.7 | |
Costless three-way collar | Crude Oil | Cost Less Three Way Collar 3 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 50 | [1],[3] |
Total of Notional Volume (MMBtu's or Bbls) | 9,200 | [3] |
Floor (Long) (Price per MMBtu) | 85 | [3] |
Short Put (Price per MMBtu) | 65 | [3] |
Ceiling (Short) (Price per MMBtu) | 96.25 | [3] |
Costless three-way collar | Crude Oil | Cost Less Three Way Collar 3 | 2016 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 450 | [1] |
Total of Notional Volume (MMBtu's or Bbls) | 164,700 | |
Floor (Long) (Price per MMBtu) | 57.5 | |
Short Put (Price per MMBtu) | 42.5 | |
Ceiling (Short) (Price per MMBtu) | 80 | |
Costless three-way collar | Crude Oil | Cost Less Three Way Collar 3 | 2017 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 200 | [1] |
Total of Notional Volume (MMBtu's or Bbls) | 73,000 | |
Floor (Long) (Price per MMBtu) | 60 | |
Short Put (Price per MMBtu) | 42.5 | |
Ceiling (Short) (Price per MMBtu) | 85 | |
Costless three-way collar | Crude Oil | Cost Less Three Way Collar 4 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 750 | [1] |
Total of Notional Volume (MMBtu's or Bbls) | 206,250 | |
Floor (Long) (Price per MMBtu) | 52.5 | |
Short Put (Price per MMBtu) | 40 | |
Ceiling (Short) (Price per MMBtu) | 62.05 | |
Put spread | Crude Oil | 2017 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 500 | [1] |
Total of Notional Volume (MMBtu's or Bbls) | 182,500 | |
Floor (Long) (Price per MMBtu) | 82 | |
Short Put (Price per MMBtu) | 62 | |
Put spread | Crude Oil | 2018 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 425 | [1],[4] |
Total of Notional Volume (MMBtu's or Bbls) | 103,275 | [4] |
Floor (Long) (Price per MMBtu) | 80 | [4] |
Short Put (Price per MMBtu) | 60 | [4] |
Put spread | Crude Oil | Put Spread 1 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 700 | [1],[2] |
Total of Notional Volume (MMBtu's or Bbls) | 85,400 | [2] |
Floor (Long) (Price per MMBtu) | 90 | [2] |
Short Put (Price per MMBtu) | 70 | [2] |
Put spread | Crude Oil | Put Spread 1 | 2016 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 550 | [1] |
Total of Notional Volume (MMBtu's or Bbls) | 201,300 | |
Floor (Long) (Price per MMBtu) | 85 | |
Short Put (Price per MMBtu) | 65 | |
Put spread | Crude Oil | Put Spread 2 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 250 | [1] |
Total of Notional Volume (MMBtu's or Bbls) | 68,750 | |
Floor (Long) (Price per MMBtu) | 89 | |
Short Put (Price per MMBtu) | 69 | |
Put spread | Crude Oil | Put Spread 2 | 2016 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 300 | [1] |
Total of Notional Volume (MMBtu's or Bbls) | 109,800 | |
Floor (Long) (Price per MMBtu) | 85.5 | |
Short Put (Price per MMBtu) | 65.5 | |
Put spread | Crude Oil | Put Spread 3 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 600 | [1],[3] |
Total of Notional Volume (MMBtu's or Bbls) | 110,400 | [3] |
Floor (Long) (Price per MMBtu) | 87 | [3] |
Short Put (Price per MMBtu) | 67 | [3] |
Fixed price swap | Natural Gas | Fixed Price Swap 1 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 400 | |
Total of Notional Volume (MMBtu's or Bbls) | 110,000 | |
Base Fixed Price (Price per MMBtu or Bbl) | 4 | |
Fixed price swap | Natural Gas | Fixed Price Swap 2 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 2,500 | |
Total of Notional Volume (MMBtu's or Bbls) | 687,500 | |
Base Fixed Price (Price per MMBtu or Bbl) | 4.06 | |
Fixed price swap | Natural Gas | Fixed Price Swap 3 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 5,000 | |
Total of Notional Volume (MMBtu's or Bbls) | 1,375,000 | |
Base Fixed Price (Price per MMBtu or Bbl) | 3.49 | |
Fixed price swap | Natural Gas | Fixed Price Swap 4 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 2,000 | |
Total of Notional Volume (MMBtu's or Bbls) | 550,000 | |
Base Fixed Price (Price per MMBtu or Bbl) | 3.53 | |
Short Put (Price per MMBtu) | 3.25 | |
Fixed price swap | Natural Gas | Fixed Price Swap 5 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 10,000 | [5] |
Total of Notional Volume (MMBtu's or Bbls) | 2,140,000 | [5] |
Base Fixed Price (Price per MMBtu or Bbl) | 2.94 | [5] |
Fixed price swap | Natural Gas Liquids | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 250 | |
Total of Notional Volume (MMBtu's or Bbls) | 68,750 | |
Base Fixed Price (Price per MMBtu or Bbl) | 45.61 | |
Protective spread | Natural Gas | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 2,600 | |
Total of Notional Volume (MMBtu's or Bbls) | 715,000 | |
Base Fixed Price (Price per MMBtu or Bbl) | 4 | |
Short Put (Price per MMBtu) | 3.25 | |
Protective spread | Natural Gas | Protective Spread 3 | 2016 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 2,000 | |
Total of Notional Volume (MMBtu's or Bbls) | 732,000 | |
Base Fixed Price (Price per MMBtu or Bbl) | 4.11 | |
Short Put (Price per MMBtu) | 3.25 | |
Producer Three Way Collar | Natural Gas | Producer Three Way Collar 1 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 2,500 | |
Total of Notional Volume (MMBtu's or Bbls) | 687,500 | |
Floor (Long) (Price per MMBtu) | 3.7 | |
Short Put (Price per MMBtu) | 3 | |
Ceiling (Short) (Price per MMBtu) | 4.09 | |
Producer Three Way Collar | Natural Gas | Producer Three Way Collar 2 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 5,000 | |
Total of Notional Volume (MMBtu's or Bbls) | 1,375,000 | |
Floor (Long) (Price per MMBtu) | 3.77 | |
Short Put (Price per MMBtu) | 3 | |
Ceiling (Short) (Price per MMBtu) | 4.11 | |
Producer Three Way Collar | Natural Gas | Producer Three Way Collar 3 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 2,000 | [5] |
Total of Notional Volume (MMBtu's or Bbls) | 428,000 | [5] |
Floor (Long) (Price per MMBtu) | 3 | [5] |
Short Put (Price per MMBtu) | 2.25 | [5] |
Ceiling (Short) (Price per MMBtu) | 3.34 | [5] |
Producer Three Way Collar | Natural Gas | Producer Three Way Collar 4 | 2016 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 2,000 | |
Total of Notional Volume (MMBtu's or Bbls) | 732,000 | |
Floor (Long) (Price per MMBtu) | 4 | |
Short Put (Price per MMBtu) | 3.25 | |
Ceiling (Short) (Price per MMBtu) | 4.58 | |
Producer Three Way Collar | Natural Gas | Producer Three Way Collar 5 | 2016 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 5,000 | |
Total of Notional Volume (MMBtu's or Bbls) | 1,830,000 | |
Floor (Long) (Price per MMBtu) | 3.4 | |
Short Put (Price per MMBtu) | 2.65 | |
Ceiling (Short) (Price per MMBtu) | 4.1 | |
Basis Swap | Natural Gas | 2016 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 2,500 | [6] |
Total of Notional Volume (MMBtu's or Bbls) | 915,000 | [6] |
Base Fixed Price (Price per MMBtu or Bbl) | -1.1 | [6] |
Basis Swap | Natural Gas | Basis Swap 1 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 2,500 | [7] |
Total of Notional Volume (MMBtu's or Bbls) | 687,500 | [7] |
Base Fixed Price (Price per MMBtu or Bbl) | -1.12 | [7] |
Basis Swap | Natural Gas | Basis Swap 2 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 2,500 | [7] |
Total of Notional Volume (MMBtu's or Bbls) | 687,500 | [7] |
Base Fixed Price (Price per MMBtu or Bbl) | -1.11 | [7] |
Basis Swap | Natural Gas | Basis Points 3 | 2015 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 2,500 | [7] |
Total of Notional Volume (MMBtu's or Bbls) | 687,500 | [7] |
Base Fixed Price (Price per MMBtu or Bbl) | -1.14 | [7] |
Short call | Natural Gas | 2017 | | |
Derivative [Line Items] | | |
Average Daily Volume (MMBtus or Bbls) | 10,000 | |
Total of Notional Volume (MMBtu's or Bbls) | 3,650,000 | |
Ceiling (Short) (Price per MMBtu) | 4.75 | |
|
[1] | Crude volumes hedged include oil, condensate and certain components of our NGLs production. |
[2] | For the period April to June 2015. |
[3] | For the period July to December 2015. |
[4] | For the period January to August 2018. |
[5] | For the period April to October 2015. |
[6] | Represents basis swaps at the sales point of TetcoM2. |
[7] | Represents basis swaps at the sales point of Dominion South. |