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Derivative Instruments (Tables) | 6 Months Ended
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Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivatives designated and not designated as hedging instruments | Settlements of derivative commodity instruments are reported as a component of cash flows from operations in the accompanying Statements of Condensed Consolidated Cash Flows.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Commodity derivatives designated as cash flow hedges | (Thousands)
Amount of loss recognized in OCI (effective portion), net of tax | $ | — |  |  | $ | (13,455 | ) |  | $ | — |  |  | $ | (52,649 | )
Amount of gain reclassified from accumulated OCI, net of tax, into gain on sale / exchange of assets due to forecasted transactions probable to not occur | — |  |  | 16,735 |  |  | — |  |  | 16,735 |
Amount of gain (loss) reclassified from accumulated OCI, net of tax, into operating revenues (effective portion) | 42,581 |  |  | (10,883 | ) |  | 83,332 |  |  | (28,146 | )
Amount of gain (loss) recognized in operating revenues (ineffective portion) (a) | — |  |  | 987 |  |  | — |  |  | (21,273 | )
Interest rate derivatives designated as cash flow hedges |  |  |  |  |  |  |  |  |  |  |
Amount of loss reclassified from accumulated OCI, net of tax, into interest expense (effective portion) | $ | (36 | ) |  | $ | (36 | ) |  | $ | (72 | ) |  | $ | (72 | )
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) recognized in gain (loss) on derivatives not designated as hedges | $ | 4,259 |  |  | $ | (8,525 | ) |  | $ | 47,851 |  |  | $ | (17,879 | )
(a) No amounts were excluded from effectiveness testing of cash flow hedges.
Schedule of impact of netting agreements and margin deposits on gross derivative assets and liabilities | The table below reflects the impact of netting agreements and margin deposits on gross derivative assets and liabilities as of June 30, 2015 and December 31, 2014.
As of June 30, 2015 |  | Derivative instruments, recorded in the Condensed Consolidated Balance Sheet, gross |  | Derivative instruments subject to master netting agreements |  | Margin deposits remitted to counterparties |  | Derivative instruments, net
|  | (Thousands)
Asset derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments, at fair value |  | $ | 349,152 |  |  | $ | (27,724 | ) |  | $ | — |  |  | $ | 321,428 |
Liability derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments, at fair value |  | $ | 43,696 |  |  | $ | (27,724 | ) |  | $ | — |  |  | $ | 15,972 |
As of December 31, 2014 |  | Derivative instruments, recorded in the Condensed Consolidated Balance Sheet, gross |  | Derivative instruments subject to master netting agreements |  | Margin deposits remitted to counterparties |  | Derivative instruments, net
|  | (Thousands)
Asset derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments, at fair value |  | $ | 458,460 |  |  | $ | (22,810 | ) |  | $ | — |  |  | $ | 435,650 |
Liability derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments, at fair value |  | $ | 22,942 |  |  | $ | (22,810 | ) |  | $ | (132 | ) |  | $ | — |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959 + Details
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