Pro Forma WPX Hedges
Pro Forma WPX Hedges
Updated: September 1, 2015
Sep - Dec 2015 Volume/Day Average Price
2016 Volume/Day Average Price
2017 Volume/Day Average Price
Natural Gas (MMBtu) Fixed Price Swaps¹
436,506
$4.06
412,132
$3.63
-
-
Costless Collars
50,000
$4.00 - $4.50
-
-
-
-
Fixed Price Calls
-
-
-
-
16,301
$4.50
MidCon Basis Swaps
20,000
($0.18)
5,000
($0.23)
-
-
Rockies Basis Swaps
280,000
($0.17)
90,000
($0.24)
-
-
San Juan Basis Swaps
107,500
($0.11)
60,000
($0.19)
-
-
SoCal Basis Swaps
50,000
$0.08
17,500
($0.03)
-
-
-
-
10,000
($0.19)
-
-
30,433
$85.45
25,049
$62.23
5,554
$65.30
3,770
$0.30
5,000
($0.45)
-
-
Natural Gas Basis (MMBtu)
Permian Basis Swaps Crude Oil (bbl) Fixed Price Swaps¹ Crude Oil Basis (bbl) Midland Basis Swaps
1 In
connection with several natural gas and crude oil swaps, we entered into swaptions with the swap counterparties granting the counterparty the right, but not the obligation, to enter into an underlying swap with us in the future. Natural gas swaptions for 2016 total 90,000 MMBtu/d at a weighted average strike price of $4.23. Crude oil swaptions for 2016 total 8,500 bbl/d; 3,250 bbl/d at a weighted average strike price of $62.81 and 5,250 bbl/d at a weighted average strike price of $97.55. Natural gas swaptions for 2017 total 65,000 MMBtu/d at a weighted average strike price of $4.19.
WPX Energy | Barclays CEO Energy-Power Conference | September 9, 2015
1
Updated: September 1, 2015
Sep - Dec 2015 Volume/Day Average Price
2016 Volume/Day Average Price
2017 Volume/Day Average Price
Natural Gas (MMBtu) Fixed Price Swaps¹
436,506
$4.06
412,132
$3.63
-
-
Costless Collars
50,000
$4.00 - $4.50
-
-
-
-
Fixed Price Calls
-
-
-
-
16,301
$4.50
MidCon Basis Swaps
20,000
($0.18)
5,000
($0.23)
-
-
Rockies Basis Swaps
280,000
($0.17)
90,000
($0.24)
-
-
San Juan Basis Swaps
107,500
($0.11)
60,000
($0.19)
-
-
SoCal Basis Swaps
50,000
$0.08
17,500
($0.03)
-
-
-
-
10,000
($0.19)
-
-
30,433
$85.45
25,049
$62.23
5,554
$65.30
3,770
$0.30
5,000
($0.45)
-
-
Natural Gas Basis (MMBtu)
Permian Basis Swaps Crude Oil (bbl) Fixed Price Swaps¹ Crude Oil Basis (bbl) Midland Basis Swaps
1 In
connection with several natural gas and crude oil swaps, we entered into swaptions with the swap counterparties granting the counterparty the right, but not the obligation, to enter into an underlying swap with us in the future. Natural gas swaptions for 2016 total 90,000 MMBtu/d at a weighted average strike price of $4.23. Crude oil swaptions for 2016 total 8,500 bbl/d; 3,250 bbl/d at a weighted average strike price of $62.81 and 5,250 bbl/d at a weighted average strike price of $97.55. Natural gas swaptions for 2017 total 65,000 MMBtu/d at a weighted average strike price of $4.19.
WPX Energy | Barclays CEO Energy-Power Conference | September 9, 2015
1
