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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents assets and liabilities measured and recorded at fair value in the Company’s condensed combined and consolidated balance sheets on a recurring basis by and their level within the fair value hierarchy as of (in thousands): 

Level 1

Level 2

Level 3

Total
September 30, 2015
 

 

 

 
Non-trading commodity derivative assets
$


$
124


$


$
124

Trading commodity derivative assets


5




5

Total commodity derivative assets
$


$
129


$


$
129

Non-trading commodity derivative liabilities
$
(3,617
)

$
(3,649
)

$


$
(7,266
)
Trading commodity derivative liabilities
(34
)

(10
)



(44
)
Total commodity derivative liabilities
$
(3,651
)

$
(3,659
)

$


$
(7,310
)
Contingent payment arrangement
$

 
$

 
$
(500
)
 
$
(500
)

Level 1

Level 2

Level 3

Total
December 31, 2014







Non-trading commodity derivative assets
$


$
80


$


$
80

Trading commodity derivative assets


136




136

Total commodity derivative assets
$


$
216


$


$
216

Non-trading commodity derivative liabilities
$
(6,810
)

$
(5,017
)

$


$
(11,827
)
Trading commodity derivative liabilities
(32
)

(145
)



(177
)
Total commodity derivative liabilities
$
(6,842
)

$
(5,162
)

$


$
(12,004
)