Energen Adds to 2010, 2011 Oil Hedge Positions

Energen Resources Corporation has hedged an additional 492,000 barrels of its 2010 oil production at a NYMEX price of $76.30 per barrel and 456,000 barrels of its 2011 oil production at a NYMEX price of $79.50 per barrel.

 

2010 Hedge Position
Commodity Hedge Volumes NYMEXe Price
Natural Gas 44.4 Bcf $8.81/Mcf
Oil 3.5 MMBbl $86.59/ barrel

 

2011 Hedge Position
Commodity Hedge Volumes NYMEXe Price
Natural Gas 37.1 Bcf $7.19/Mcf
Oil 3.0 MMBbl $76.22/barrel

 

Energen's hedge position by commodity type for 2010 and 2011 are as follows:

 

2010 Hedges by Type
Natural Gas Hedges Volumes (Bcf) Assumed Differential NYMEXe Price
San Juan Basin 29.4 $1.00 per Mcf $8.88 per Mcf
NYMEX 14.9 -- $8.68 per Mcf
Oil Hedges Volumes (Bcf) Assumed Differential NYMEXe Price
Sour Oil (WTS) 2,383 $4.70 per barrel $91.44 per barrel
NYMEX 1,082 -- $75.91 per barrel

 

2011 Hedges by Type
Natural Gas Hedges Volumes (Bcf) Assumed Differential NYMEXe Price
San Juan Basin 25.7 $1.00 per Mcf $7.36 per Mcf
NYMEX 11.4 -- $6.82 per Mcf
Oil Hedges Volumes (Bcf) Assumed Differential NYMEXe Price
Sour Oil (WTS) 2,076 $4.84 per barrel $75.08 per barrel
NYMEX 936 -- $78.73 per barrel
       

 

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Brent Crude Oil : $49.3/BBL 0.80%
Light Crude Oil : $46.79/BBL 0.70%
Natural Gas : $3.04/MMBtu 0.97%
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