Commodity Hedging Overview August 5, 2015 The following information is current as of August 5, 2015. Memorial Resource Development Corp. (MRD) intends to update this information quarterly to the extent there are changes within the…
MRD Hedging Overview: 3Q15 through 2018 MRDs commodity risk management policy provides for hedging estimated production from total proved reserves Proactive policy reduces MRDs exposure to movements in commodity prices and provides…
Natural Gas Hedging 3Q15 through 2018 MRDs existing natural gas hedges cover approximately 84% of the mid-point of our targeted natural gas production volumes for the remainder of FY2015 at a weighted average price of 3.94 per MMBtu…
Crude Oil Hedging 3Q15 through 2018 MRD has hedged approximately 77% of the mid-point of our targeted crude oil production volumes for the remainder of FY2015 at a weighted average price of 88.57 per Bbl Crude Oil Hedging Summary…
NGL Hedging 3Q15 through 2016 Hedging NGLs by product helps protect MRD 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 Hedges: 3Q15 through 2018 Natural Gas Hedge Summary 2015 (1) 2016 2017 2018 Swap contracts: Volume (MMBtu) 20,400,000 30,840,000 21,240,000 55,200,000 Volume (MMBtu/d) 110,870 84,262 58,192 151,233 Weighted-average…
Loading...
