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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Disclosures [Abstract]  
Hierarchy of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis: 
 
At fair value as of June 30, 2013
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Money market funds
$
36,442

 
$

 
$

 
$
36,442

Commodity derivative instruments (see Note 6)

 
17,907

 

 
17,907

Total assets
$
36,442

 
$
17,907

 
$

 
$
54,349

Liabilities:
 
 
 
 
 
 
 
Commodity derivative instruments (see Note 6)
$

 
$
291

 
$

 
$
291

Total liabilities
$

 
$
291

 
$

 
$
291

 
 
 
 
 
 
 
 
 
At fair value as of December 31, 2012
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Money market funds
$
66,387

 
$

 
$

 
$
66,387

Commodity derivative instruments (see Note 6)

 
23,997

 

 
23,997

Total assets
$
66,387

 
$
23,997

 
$

 
$
90,384

Liabilities:
 
 
 
 
 
 
 
Commodity derivative instruments (see Note 6)
$

 
$
1,428

 
$

 
$
1,428

Total liabilities
$

 
$
1,428

 
$

 
$
1,428