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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Financial Instruments

Components of gain (loss) on derivatives, net

		Three Months Ended March 31,
		2013			2012
		(in thousands)
Realized loss on derivative agreements		$	(52,515	)	$	(19,086	)
Unrealized gain (loss) on derivative agreements			32,489			(128,167	)
Total loss on derivatives, net		$	(20,026	)	$	(147,253	)

Schedule of offsetting assets recorded as non-current assets in other long-term assets in the Condensed Consolidated Balance Sheets

		As of March 31, 2013
Description		Gross Non- Current Assets			Gross Amounts Offset			Net Non- Current Assets Presented			Cash Collateral Not Offset			Net Amount
		(in thousands)
Commodity Swaps		$	1,463		$	(2	)	$	1,461		$	—		$	1,461
Total		$	1,463		$	(2	)	$	1,461		$	—		$	1,461

		As of March 31, 2013
Description		Gross Current Liabilities			Gross Amounts Offset			Net Current Liabilities Presented			Cash Collateral Not Offset			Net Amount
		(in thousands)
Commodity Swaps		$	54,588		$	(19,058	)	$	35,530		$	—		$	35,530
Other Derivative Activity			251			—			251			(251	)		—
Total		$	54,839		$	(19,058	)	$	35,781		$	(251	)	$	35,530

Schedule of offsetting liabilities recorded as current liabilities in other current liabilities in the Condensed Consolidated Balance Sheet

		As of December 31, 2012
Description		Gross Non- Current Assets			Gross Amounts Offset			Net Non- Current Assets Presented			Cash Collateral Not Offset			Net Amount
		(in thousands)
Commodity Swaps		$	945		$	(7	)	$	938		$	—		$	938
Total		$	945		$	(7	)	$	938		$	—		$	938

		As of December 31, 2012
Description		Gross Current Liabilities			Gross Amounts Offset			Net Current Liabilities Presented			Cash Collateral Not Offset			Net Amount
		(in thousands)
Commodity Swaps		$	74,178		$	(6,445	)	$	67,733		$	—		$	67,733
Other Derivative Activity			21			(7	)		14			(14	)		—
Total		$	74,199		$	(6,452	)	$	67,747		$	(14	)	$	67,733

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- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

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-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 205G

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44C

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

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