Bill Barrett Corporation
For the second quarter of 2016, West Texas Intermediate oil prices averaged $45.59 per barrel, Northwest Pipeline natural gas prices averaged $1.66 per MMBtu and NYMEX natural gas prices averaged $1.95 per MMBtu.
The Company had derivative commodity swaps in place for the second quarter of 2016 for 7,300 barrels of oil per day tied to WTI pricing at $81.65 per barrel, 5,000 MMBtu of natural gas per day tied to NWPL regional pricing at $4.10 per MMBtu and no hedges in place for NGLs.
Based on preliminary unaudited results, the Company expects to realize a cash commodity derivative gain of$25.0 million in the second quarter due to positive derivative positions.
Hedge Positions
Related Categories :
Hedging
More Hedging News
-
Earthstone Energy Talks 2022 Results; Plans Five-Rig Program for 2023
-
Vermilion Energy Inc. Second Quarter 2022 Results
-
Crescent Energy Co. Second Quarter 2022 Results
-
Murphy Oil Second Quarter 2022 Results
-
Silverbow Resources Second Quarter 2022 Results
Rockies - DJ Basin News >>>
-
PDC Energy, Inc., First Quarter 2023 Results
-
Crescent Energy Company First Quarter 2023 Results -
-
Civitas Resources, Inc. First Quarter 2023 Results -
-
Crescent Energy 4Q, Full Year 2022 Results; Maintenance Capital for 2023 -
-
PDC Energy Q4, Full Year 2022 Results; Bets Bulk of 2023 Capex on DJ Basin