Commodity Hedging Overview May 10, 2012 The following information is current as of May 10, 2012. Memorial Production Partners LP (MEMP) intends to provide updates to this information quarterly to the extent of changes within the…
MEMP Hedging Overview: Q2-2012 thru 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…
Natural Gas Hedges Mitigate Price Risk MEMPs existing natural gas hedges cover approximately 88% of targeted natural gas production volumes for Q2-Q4 2012 at a weighted average floor of 4.64 Approximately 81% of MEMPs 2012 natural gas…
Locking-In Value of Oil Production MEMP has hedged approximately 84% of targeted crude oil production volumes for Q2-Q4 2012 at a weighted average floor of 92.31 MEMPs near-term collars allow for upside participation of up to a…
NGL Hedging MEMP has hedged approximately 26% of targeted NGL production volumes for Q2-Q4 2012 at a weighted average floor of 71.85 C2 (Ethane) is currently unhedged NGLs hedged by product and to basis, increasing correlation to…
Natural Gas Hedging Summary: 2012-2016 Year Ending December 31, 2012 2013 2014 2015 2016 Natural Gas Derivative Contracts: Swap contracts: Volume (MMBtu/d) 19,729 34,526 38,248 35,434 32,566 Weighted-average fixed price 4.44 4.40…
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