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Subsequent Events
12 Months Ended
Dec. 31, 2013
Subsequent Events
Subsequent Events

Divestiture. In January 2014, the Company executed a purchase and sale agreement for the sale of certain non-operated properties in its Sanish project area and other non-operated leases adjacent to its Sanish position for approximately $333.0 million, subject to customary post-close adjustments. The sale is expected to close during the first quarter of 2014.

Derivative instruments. In February 2014, the Company entered into new swap agreements for a total notional amounts of 1,100,000 barrels, 1,516,000 barrels and 62,000 barrels, which settle in 2014, 2015 and 2016, respectively, based on the WTI crude oil index price. These derivative instruments do not qualify for and were not designated as hedging instruments for accounting purposes.