Commodity and Interest Rate Hedging Overview March 18, 2013 The following information is current as of March 18, 2013. Memorial Production Partners LP (MEMP) intends to update this information quarterly to the extent there are…
MEMP Hedging Overview: 2013 thru 2018 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 through 2018 MEMPs existing natural gas hedges cover approximately 91% of targeted natural gas production volumes in 2013 at a weighted average price of 4.55 100% of MEMPs natural gas hedges are to the appropriate…
Crude Oil Hedging through 2018 MEMP has hedged approximately 79% of targeted crude oil production volumes in 2013 at a weighted average price of 103.19 MEMPs California production is hedged using Brent swaps, whereas MEMPs East Texas…
NGL Hedge Positions 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 MEMP has hedged…
Natural Gas and NGL Hedges: 2013 thru 2018 Natural Gas / NGLs Hedge Summary Year Ending December 31, 2013 2014 2015 2016 2017 2018 Natural Gas Derivative Contracts: Swap contracts: Volume (MMBtu) 16,532,064 18,625,500 16,993,340…
Interest Rate Hedging Overview: 2013 thru 2016 MEMP has entered into the following interest rate derivative hedging transactions: 100.0 million notional amount fixed-for-floating swap for the period beginning January 17, 2013 and…
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