Commodity and Interest Rate Hedging Overview January 22, 2013 The following information is current as of January 22, 2013. Memorial Production Partners LP (MEMP) intends to update this information quarterly to the extent there are…
MEMP Hedging Overview: 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 through 2018 MEMPs existing natural gas hedges cover approximately 91% of targeted natural gas production volumes in 2013 at a weighted average floor of 4.51 Approximately 98% of MEMPs 2013 2014 natural gas hedges…
Crude Oil Hedging through 2017 MEMP has hedged approximately 81% of targeted crude oil production volumes in 2013 at a weighted average floor of 105.07 MEMPs California production has been hedged using Brent swaps and collars, whereas…
NGL Hedge Positions 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 MEMP has hedged…
Natural Gas Hedges: 2013 thru 2018 Natural Gas Hedge Summary Year Ending December 31, 2013 2014 2015 2016 2017 2018 Swap contracts: Volume (MMBtu) 14,972,064 16,105,500 14,473,340 13,359,300 12,240,800 10,800,000 Volume (MMBtu/d)…
Interest Rate Hedging Overview: 2013 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, 2013 and…
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