Commodity and Interest Rate Hedging Overview November 7, 2013 The following information is current as of November 7, 2013. Memorial Production Partners LP (MEMP) intends to update this information quarterly to the extent there are…
MEMP Hedging Overview: Q4-2013 thru 2019 MEMPs commodity risk management policy provides for hedging approximately 65-85% of estimated production from total proved reserves on a rolling three to six year period Policy reduces MEMPs…
Natural Gas Hedging Q4-2013 through 2019 MEMPs existing natural gas hedges cover approximately 83% of targeted natural gas production volumes for the remainder of 2013 at a weighted average price of 4.49 2014 hedges cover…
Crude Oil Hedging Q4-2013 through 2019 MEMP has hedged approximately 74% of targeted crude oil production volumes for the remainder of 2013 at a weighted average price of 96.13 MEMPs California production is hedged using Brent swaps,…
NGL Hedging Q4-2013 through 2015 Hedging NGLs by product protects MEMP from fluctuations in the NGL to crude oil price relationship Due to a lack of market liquidity, direct hedging of NGLs is typically limited to 12 to 24 months…
Natural Gas and NGL Hedges: Q4-2013 thru 2019 Natural Gas / NGLs Hedge Summary Year Ending December 31, 2013 2014 2015 2016 2017 2018 2019 Natural Gas Derivative Contracts: Swap contracts: Volume (MMBtu) 5,925,516 29,045,500…
Interest Rate Hedging Overview: 2013 thru 2016 As of November 1, 2013, MEMP has entered into the following interest rate derivative hedging transactions as it relates to the debt outstanding under its revolving credit facility: 51.5…
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