Commodity and Interest Rate Hedging Overview August 7, 2013 The following information is current as of August 7, 2013. Memorial Production Partners LP (MEMP) intends to update this information quarterly to the extent there are…
MEMP Hedging Overview: Q3-2013 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 Q3-2013 through 2019 MEMPs existing natural gas hedges cover approximately 87% of targeted natural gas production volumes for the remainder of 2013 at a weighted average price of 4.51 100% of MEMPs natural gas…
Crude Oil Hedging Q3-2013 through 2018 MEMP has hedged approximately 83% of targeted crude oil production volumes for the remainder of 2013 at a weighted average price of 95.42 MEMPs California production is hedged using Brent swaps,…
NGL Hedging Q3-2013 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: Q3-2013 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) 10,551,032 23,265,500…
Interest Rate Hedging Overview: 2013 thru 2016 As a result of the announced acquisition on July 15, 2013, MEMP will acquire interest rate hedges for a notional principal amount of 11.5 million from the effective date of the transaction…
Loading...
