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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
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