Commodity Hedging Overview March 21, 2012 The following information is current as of March 21, 2012. Memorial Production Partners LP (MEMP) intends to provide updates to this information quarterly to the extent of changes within…
MEMP Hedging Overview: 2012-2016 MEMPs commodity risk management policy provides for hedging 65-85% of targeted volumes on a rolling three to five year period Policy reduces MEMPs exposure to movements in commodity prices and provides…
Protection Against Low Natural Gas Prices MEMPs existing natural gas hedges cover approximately 83% of targeted natural gas production volumes for the calendar year 2012 at a weighted average floor of 4.74 Approximately 91% of MEMPs…
Attractive Oil Hedges MEMP has hedged approximately 85% of targeted crude oil production volumes for the calendar year 2012 at a weighted average floor of 89.91 MEMPs near-term collars allow for upside participation of up to a…
NGL Hedging MEMP has hedged approximately 30% of targeted NGL production volumes for the calendar year 2012 at a weighted average floor of 72.22 NGLs hedged by product and to basis, increasing correlation to realized pricing MEMP is…
Natural Gas Hedging Summary: 2012-2016 Year Ending December 31, 2012 2013 2014 2015 2016 Natural Gas Derivative Contracts: Swap contracts: Volume (MMBtu/d) 16,030 29,102 29,786 29,680 29,616 Weighted-average fixed price 4.60 4.54…
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