XML 17 R24.htm IDEA: XBRL DOCUMENT
v2.4.0.8

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2013
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES |
Outstanding Commodity Derivatives | As of September 30, 2013, the Company had the following outstanding commodity derivatives:
|  |  |  |  |  |  |  | Collars |  | Swaps |
|  |  |  |  |  |  |  | Floor |  | Ceiling |  |  |
Type of Contract |  | Volume |  | Contract Period |  | Range |  | Weighted- Average |  | Range |  | Weighted- Average |  | Weighted- Average |
Collar Agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Natural gas |  | 4.5 |  | Bcf |  | Oct. 2013 - Dec. 2013 |  | $ | — |  | $ | 5.15 |  | $6.18-$6.23 |  | $ | 6.20 |  |  |
Natural gas |  | 54.5 |  | Bcf |  | Oct. 2013 - Dec. 2013 |  | $3.09-$4.37 |  | $ | 3.63 |  | $3.98-$5.02 |  | $ | 4.27 |  |  |
Natural gas |  | 44.4 |  | Bcf |  | Oct. 2013 - Dec. 2014 |  | $3.60-$3.96 |  | $ | 3.78 |  | $4.55-$4.59 |  | $ | 4.57 |  |  |
Natural gas |  | 124.1 |  | Bcf |  | Jan. 2014 - Dec. 2014 |  | $3.86-$4.37 |  | $ | 4.19 |  | $4.63-$4.80 |  | $ | 4.70 |  |  |
Swap Agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil |  | 276 |  | Mbbl |  | Oct. 2013 - Dec. 2013 |  |  |  |  |  |  |  |  |  | $ | 101.90 |
Natural gas prices are stated per Mcf and crude oil prices are stated per barrel.
Effect of Derivative Instruments on the Condensed Consolidated Balance Sheet |
|  |  |  | Fair Values of Derivative Instruments |
|  |  |  | Derivative Assets |  | Derivative Liabilities |
(In thousands) |  | Balance Sheet Location |  | September 30, 2013 |  | December 31, 2012 |  | September 30, 2013 |  | December 31, 2012 |
Derivatives Designated as Hedging Instruments |  |  |  |  |  |  |  |  |
Commodity contracts |  | Derivative instruments (current assets) |  | $ | 56,831 |  | $ | 50,824 |  | $ | — |  | $ | — |
Commodity contracts |  | Derivative instruments (non-current assets) |  | 8,708 |  | — |  | — |  | — |
Commodity contracts |  | Accrued Liabilities |  | — |  | — |  | — |  | 192 |
|  |  |  | $ | 65,539 |  | $ | 50,824 |  | $ | — |  | $ | 192 |
Schedule of offsetting of derivative assets and liabilities in the condensed consolidated balance sheet |
(In thousands) |  | September 30, 2013 |  | December 31, 2012 |
Derivative Assets |  |  |  |  |
Gross amounts of recognized assets |  | $ | 66,473 |  | $ | 54,454 |
Gross amounts offset in the statement of financial position |  | (934 | ) | (3,630 | )
Net amounts of assets presented in the statement of financial position |  | 65,539 |  | 50,824 |
Gross amounts of financial instruments not offset in the statement of financial position |  | — |  | 1,892 |
Net amount |  | $ | 65,539 |  | $ | 52,716 |
Derivative Liabilities |  |  |  |  |
Gross amounts of recognized liabilities |  | $ | 934 |  | $ | 3,822 |
Gross amounts offset in the statement of financial position |  | (934 | ) | (3,630 | )
Net amounts of liabilities presented in the statement of financial position |  | — |  | 192 |
Gross amounts of financial instruments not offset in the statement of financial position |  | 390 |  | — |
Net amount |  | $ | 390 |  | $ | 192 |
Effect of Derivatives Designated as Hedging Instruments on the Condensed Consolidated Statement of Operations |
|  | Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
(In thousands) |  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Commodity Contracts |  | $ | (2,384 | ) | $ | (39,805 | ) | $ | 51,783 |  | $ | 49,299 |
|  | Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) |
Location of Gain (Loss) Reclassified |  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
from Accumulated OCI into Income |  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Natural gas revenues |  | $ | 20,766 |  | $ | 57,139 |  | $ | 33,822 |  | $ | 183,867 |
Crude oil and condensate revenues |  | (1,082 | ) | 3,799 |  | 3,054 |  | 5,583 |
|  | $ | 19,684 |  | $ | 60,938 |  | $ | 36,876 |  | $ | 189,450 |
Effect of Derivatives Not Designated as Hedging Instruments on the Condensed Consolidated Statement of Operations |
|  | Location of Gain (Loss) Recognized in Income on |  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
(In thousands) |  | Derivatives |  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Commodity Contracts |  | Natural gas revenues |  | $ | — |  | $ | (149 | ) | $ | — |  | $ | (449 | )

X
- Definition Tabular disclosure of derivative and other financial assets and liabilities that are subject to offsetting, including master netting arrangements. + References No definition available. + Details
Name: | cog_OffsettingAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | cog_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: 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=7476318&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41678-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959 Reference 9: 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=7476318&loc=SL5624171-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration