Commodity and Interest Rate Hedging Overview May 7, 2014 The following information is current as of May 7, 2014. Memorial Production Partners LP (MEMP) intends to update this information quarterly to the extent there are changes…
Natural Gas Hedging 2014 through 2019 MEMPs existing natural gas hedges cover approximately 88% of targeted natural gas production volumes for 2014 at a weighted average price of 4.40 100% of MEMPs natural gas hedges are to the…
Crude Oil Hedging 2014 through 2019 MEMP has hedged approximately 81% of targeted crude oil production volumes for 2014 at a weighted average price of 94.71 MEMPs California production is hedged using Brent swaps, whereas MEMPs East…
NGL Hedging 2014 through 2019 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…
Natural Gas and NGL Hedges: 2014 through 2019 Natural Gas / NGLs Hedge Summary Year Ending December 31, 2014 2015 2016 2017 2018 2019 Natural Gas Derivative Contracts: Swap contracts: Volume (MMBtu) 24,850,850 32,223,340 32,309,300…
Natural Gas Basis Hedges: 2014 through 2019 Basis Hedges for Natural Gas Year Ending December 31, 2014 2015 2016 2017 2018 2019 NGPL Tex/Ok Gas Differential Total natural gas volumes hedged (MMBtu) 20,870,000 10,800,000 Total…
Oil Basis Hedges: 2014 through 2019 Basis Hedges for Crude Oil Year Ending December 31, 2014 2015 2016 2017 2018 2019 Midway-Sunset Differential Total crude oil volumes hedged (Bbl) 537,000 690,000 Total crude oil volumes hedged…
Interest Rate Hedging Overview: 2014 through 2016 As of March 31, 2014, MEMP has entered into the following interest rate derivative hedging transactions as it relates to the debt outstanding under its revolving credit facility MEMP…
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