Quarterly report pursuant to Section 13 or 15(d)

REVOLVING CREDIT FACILITY AND LONG TERM DEBT (Details)

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REVOLVING CREDIT FACILITY AND LONG TERM DEBT (Details) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Line of Credit Facility [Line Items]  
Rate of Senior unsecured notes (in hundredths) 8.00%
Revolving Credit Facility [Member]
 
Line of Credit Facility [Line Items]  
Revolving credit facility, maximum borrowing $ 750
Borrowing base 450
Borrowings under Credit Facility 45
Remaining borrowing capacity of Credit Facility 405
Permitted additional indebtedness 500
Percent of total additional permitted borrowing (in hundredths) 25.00%
Revolving credit facility, maturity date Sep. 30, 2018
Credit Facility interest rate description Borrowings under the Revolving Credit Facility can either be at the Alternate Base Rate (as defined) plus a spread ranging from 0.5% to 1.5% or LIBOR borrowings at the Adjusted LIBOR Rate (as defined) plus a spread ranging from 1.5% to 2.5%.  The applicable spread is dependent upon amount of borrowings relative to the borrowing base.  The Company may elect, from time to time, to convert all or any part of its LIBOR loans to base rate loans or to convert all or any of the base rate loans to LIBOR loans.  A commitment fee is paid on the undrawn balance based on an annual rate of either 0.375% or 0.50%.  At March 31, 2013, the commitment fee was 0.375% and the interest rate margin was 1.5% on LIBOR loans and 0.5% on base rate loans.
Commitment fee, description A commitment fee is paid on the undrawn balance based on an annual rate of either 0.375% or 0.50%.
Credit facility covenants The Revolving Credit Facility contains negative covenants that limit the Company’s ability, among other things, to pay any cash dividends, incur additional indebtedness, sell assets, enter into certain hedging contracts, change the nature of its business or operations, merge, consolidate, or make investments. In addition, the Company is required to maintain a current ratio (as defined in the credit agreement) of no less than 1.0 to 1.0. The Company was in compliance with its covenants under the Revolving Credit Facility at September 30, 2013.
Line Of Credit Facility Covenant Terms Current Ratio 1.0
Minimum [Member] | Revolving Credit Facility [Member]
 
Line of Credit Facility [Line Items]  
Commitment fee percentage (in hundredths) 0.375%
Maximum [Member] | Revolving Credit Facility [Member]
 
Line of Credit Facility [Line Items]  
Commitment fee percentage (in hundredths) 0.50%
8% Senior Notes Due 2020 [Member]
 
Line of Credit Facility [Line Items]  
Principal amount of Senior unsecured notes 300
Rate of Senior unsecured notes (in hundredths) 8.00%
Maturity date Jun. 01, 2020
Price of Senior unsecured notes (in hundredths) 105.25%
Additional amount of Senior unsecured notes 200
Net proceeds from issuance of Senior unsecured notes 291.2
Additional net proceeds from issuance of Senior unsecured notes 200.1
Percentage of notes that can be redeemed (in hundredths) 35.00%
Rate of redemption price of notes (in hundredths) 108.00%
Limitation (in number of days) to redeemed the notes 180 days
Limitation (in percentage of aggregate principal amount of Notes) to redeemed the notes 65.00%
Percentage of notes at redemption prices for prior to June 1, 2016 (in hundredths) 100.00%
Percentage of notes at redemption prices for the twelve-month period beginning on June 1, 2016 (in hundredths) 104.00%
Percentage of notes at redemption prices for the twelve-month period beginning on June 1, 2017 (in hundredths) 102.00%
Percentage of notes at redemption prices for beginning on June 1, 2018 (in hundredths) 100.00%
Number of days in default payment of interest 30 days
Payment of certain final judgments $ 25
Number of days related to payment certain final judgments 60 days
LIBOR Loans [Member] | Revolving Credit Facility [Member]
 
Line of Credit Facility [Line Items]  
Commitment fee percentage (in hundredths) 0.375%
Interest rate margin in effect during period (in hundredths) 1.50%
LIBOR Loans [Member] | Minimum [Member] | Revolving Credit Facility [Member]
 
Line of Credit Facility [Line Items]  
Interest rate margin in effect during period (in hundredths) 1.50%
LIBOR Loans [Member] | Maximum [Member] | Revolving Credit Facility [Member]
 
Line of Credit Facility [Line Items]  
Interest rate margin in effect during period (in hundredths) 2.50%
Alternate Base Rate Loans [Member] | Revolving Credit Facility [Member]
 
Line of Credit Facility [Line Items]  
Interest rate margin in effect during period (in hundredths) 0.50%
Alternate Base Rate Loans [Member] | Minimum [Member] | Revolving Credit Facility [Member]
 
Line of Credit Facility [Line Items]  
Interest rate margin in effect during period (in hundredths) 0.50%
Alternate Base Rate Loans [Member] | Maximum [Member] | Revolving Credit Facility [Member]
 
Line of Credit Facility [Line Items]  
Interest rate margin in effect during period (in hundredths) 1.50%