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Commitments and Contingencies | 6 Months Ended
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Jun. 30, 2014
Commitments and Contingencies | (15) COMMITMENTS AND CONTINGENCIES Litigation We are the subject of, or party to, a number of pending or threatened legal actions, administrative proceedings and claims arising in the ordinary course of our business. While many of these matters involve inherent uncertainty, we believe that the amount of the liability, if any, ultimately incurred with respect to proceedings or claims will not have a material adverse effect on our consolidated financial position as a whole or on our liquidity, capital resources or future annual results of operations. We will continue to evaluate our litigation quarterly and will establish and adjust any litigation reserves as appropriate to reflect our assessment of the then current status of litigation. Transportation and Gathering Contracts In the six months ended June 30, 2014, our transportation and gathering commitments increased by approximately $775.0 million over the next 25 years primarily due to new firm transportation contracts. In addition, we have entered into additional agreements which are contingent on certain pipeline and gathering modifications and/or construction that will range between five and twenty year terms and are expected to begin in late 2014 through 2017. Based on these new contracts, we will have additional transportation and gathering obligations for a range of natural gas volumes from 25,000 mcfe per day to 400,000 mcfe per day through the end of the contract term. Delivery Commitments In the six months ended June 30, 2014, we entered into new agreements with several pipeline companies and end users to deliver natural gas and ethane volumes from our production that are contingent upon pipeline and gathering modifications and/or construction. The new agreements to deliver 50,000 mmbtu per day to 80,000 mmbut per day of natural gas will range between five and ten years and are expected to begin in 2016 through 2019. The new ethane delivery agreements for 5,000 bbls per day to 10,000 bbls per day are for three to fifteen year terms and are expected to begin in 2017 through 2018.

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- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.25) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308 + Details
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