Commodity and Interest Rate Hedging Overview March 5, 2014 The following information is current as of March 5, 2014. Memorial Production Partners LP (MEMP) intends to update this information quarterly to the extent there are…
MEMP Hedging Overview: 2014 through 2019 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 2014 through 2019 MEMPs existing natural gas hedges cover approximately 92% of targeted natural gas production volumes for 2014 at a weighted average price of 4.41 100% of MEMPs natural gas hedges are to the…
Crude Oil Hedging 2014 through 2019 MEMP has hedged approximately 91% of targeted crude oil production volumes for 2014 at a weighted average price of 93.95 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) 32,345,500 29,823,340 29,909,300…
Natural Gas & Oil Basis Hedges: 2014 through 2019 Basis Hedge Summary Year Ending December 31, 2014 2015 2016 2017 2018 2019 Natural Gas Basis Derivative Contracts: Swap contracts: Volume (MMBtu) 33,865,000 Volume (MMBtu/d)…
Interest Rate Hedging Overview: 2014 through 2016 As of March 1, 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…
Loading...
