Commodity and Interest Rate Hedging Overview May 8, 2013 The following information is current as of May 8, 2013. Memorial Production Partners LP (MEMP) intends to update this information quarterly to the extent there are changes…
MEMP Hedging Overview: Q2-2013 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 Q2-2013 through 2018 MEMPs existing natural gas hedges cover approximately 92% of targeted natural gas production volumes for the remainder of 2013 at a weighted average price of 4.55 100% of MEMPs natural gas…
Crude Oil Hedging Q2-2013 through 2018 MEMP has hedged approximately 79% of targeted crude oil production volumes for the remainder of 2013 at a weighted average price of 103.09 MEMPs California production is hedged using Brent swaps,…
NGL Hedging Q2-2013 through 2014 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: Q2-2013 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) 12,736,548 18,625,500 16,993,340…
Interest Rate Hedging Overview: 2013 thru 2016 As of May 1, 2013, MEMP has entered into the following interest rate derivative hedging transactions as it relates to 118.0 million debt outstanding under its revolving credit facility…
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