Commodity Hedging Overview November 5, 2014 The following information is current as of November 5, 2014. Memorial Resource Development Corp. (MRD) intends to update this information quarterly to the extent there are changes within…
MRD Hedging Overview: Q4-2014 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…
Natural Gas Hedging Q4-2014 through 2018 MRDs existing natural gas hedges cover approximately 73% of the mid-point of our targeted natural gas production volumes for the remainder of 2014 at a weighted average price of 4.24 Natural…
Crude Oil Hedging Q4-2014 through 2018 MRD has hedged approximately 76% of the mid-point of our targeted crude oil production volumes for the remainder of 2014 at a weighted average price of 95.33 Crude Oil Hedging Summary…
NGL Hedging Q4-2014 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: Q4-2014 through 2018 Natural Gas Hedge Summary Year Ending December 31, 2014 2015 2016 2017 2018 Swap contracts: Volume (MMBtu) 13,620,000 27,000,000 30,840,000 21,240,000 34,800,000 Volume (MMBtu/d) 148,043…
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