Commodity and Interest Rate Hedging Overview August 9, 2012 The following information is current as of August 9, 2012. Memorial Production Partners LP (MEMP) intends to provide updates to this information quarterly to the extent…
MEMP Hedging Overview: Q3-2012 thru Q3-2017 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…
Natural Gas Hedging Extended into 2017 MEMPs existing natural gas hedges cover approximately 87% of targeted natural gas production volumes through YE 2013 at a weighted average floor of 4.58 Approximately 78% of MEMPs 2012 and 2013…
Oil Hedges Protect Cash Flow into 2017 MEMP has hedged approximately 83% of targeted crude oil production volumes through YE 2013 at a weighted average floor of 93.11 MEMPs near-term collars allow for upside participation up to a…
Additional NGL Hedges Protect Downside Hedging NGLs by product protects MEMP from the recent breakdown in the NGL to crude oil price relationship MEMP has hedged approximately 56% of targeted NGL production volumes through YE 2013 at…
Natural Gas Hedges: Q3-2012 thru Q3-2017 Natural Gas Hedge Summary Remainder Year Ending December 31, Jan-17 thru 2012 2013 2014 2015 2016 Sep-17 Swap contracts: Volume (MMBtu/d) 22,229 36,499 40,221 36,420 33,550 30,992…
Interest Rate Hedging Overview: 2012 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, 2012 and ending…
Loading...
