Commodity and Interest Rate Hedging Overview February 25, 2015 The following information is current as of February 25, 2015. Memorial Production Partners LP (MEMP) intends to update this information quarterly to the extent there…
MEMP Hedging Overview: 2015 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 2015 through 2019 MEMPs existing natural gas hedges cover approximately 78% of targeted natural gas production volumes in 2015 at a weighted average price of 4.22 100% of MEMPs natural gas hedges are to the…
Crude Oil Hedging 2015 through 2019 MEMP has hedged approximately 89% of targeted crude oil production volumes in 2015 at a weighted average price of 91.08 MEMPs California production is hedged using Brent swaps, whereas MEMPs East…
NGL Hedging 2015 through 2019 Hedging NGLs by product helps protect 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 18 to 24 months…
Natural Gas and NGL Hedges: 2015 through 2019 Natural Gas / NGLs Hedge Summary Year Ending December 31, 2015 2016 2017 2018 2019 Natural Gas Derivative Contracts: Swap contracts: Volume (MMBtu) 36,723,340 39,509,300 36,600,800…
Natural Gas Basis Hedges: 2015 through 2019 Basis Hedge for Natural Gas Year Ending December 31, 2015 2016 2017 2018 2019 NGPL TexOk Gas Differential Total natural gas volumes hedged (MMBtu) 31,860,000 32,440,000 3,600,000 Total…
Crude Oil Basis Hedges: 2015 through 2019 Basis Hedge for Crude Oil Year Ending December 31, 2015 2016 2017 2018 2019 Midway-Sunset Differential Total crude oil volumes hedged (Bbl) 690,000 660,000 Total crude oil volumes hedged…
Interest Rate Hedging Overview: 2015 through 2017 As of February 25, 2015, MEMP has entered into the following interest rate derivative hedging transactions as it relates to the debt outstanding under its revolving credit facility…
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