Hedging

U.S. E&Ps Seen Cutting Exposure to 2021 Natural Gas Prices, but Boost Oil Hedging

U.S. E&Ps Seen Cutting Exposure to 2021 Natural Gas Prices, but Boost Oil Hedging

U.S. producers have decreased their exposure to natural gas prices and boosted it for oil heading into 2021, which could have a significant impact on the bottom line, according to Raymond James & Associates Inc. Analyst John Freeman said in a note Monday the exploration and production (E&P) companies covered by Raymond James had hedged…

November 18, 2020
Lower 48 E&Ps Seen Protecting ‘21 Natural Gas Below ‘20 Price, with Oil Hedged Higher

Lower 48 E&Ps Seen Protecting ‘21 Natural Gas Below ‘20 Price, with Oil Hedged Higher

More than 45% of expected natural gas production in 2021 is hedged at a Henry Hub base price of $2.58/MMBtu, marginally lower than the 2020 price of $2.70, according to a Rystad Energy analysis of U.S. producers. The analysis also determined exploration and production (E&P) companies have to date hedged 41% of forecast 2021 oil…

October 27, 2020

Most Lower 48 E&Ps Still Exposed to 2020 Oil, Natural Gas Prices

U.S. explorers still have a lot of exposure to oil and natural gas prices in 2020 as the fourth quarter nears, but if oil prices move higher as many experts are forecasting, that strategy may prove to be a winner.

September 9, 2019

U.S. E&Ps Hedging Modestly for 2018, 2019; Permian Exposure on Radar

U.S. exploration and production (E&P) companies slightly increased their 2018 oil hedging during the second quarter, with 2019 still around normal levels, even though oil futures inched above long-term budgets of $50-55/bbl, according to a review by Goldman Sachs.

August 23, 2018

Washington State Regulators Want NatGas Utilities to Update Hedging

Regulators in the state of Washington on Monday launched a process for revising the approach of the state’s natural gas utilities toward hedging their future gas supply purchases.

March 14, 2017

North American E&Ps Facing Year With Few Hedges

U.S. and Canadian producers have hedged only 15% of total oil and natural gas volumes for 2016 and 5% of their volumes for 2017, which may leave them even more exposed to depressed prices.

February 1, 2016

U.S. E&P Capex Down 60% from 2014, Operators Also Less Hedged

Spending by U.S. producers is estimated to be down around 60% from 2014 — twice as much as some analysts have estimated, Raymond James & Associates Inc. said Monday. North American producers also have less protection from sustained low commodity prices than they did a year ago because of less hedging, according to Barclays Capital.

August 17, 2015
Washington State Regulators Considering Alternative Hedging For NatGas Utilities

Washington State Regulators Considering Alternative Hedging For NatGas Utilities

In what is envisioned as a multi-year program, Washington state regulators on Tuesday issued a primer for moving toward a more robust, risk-based natural gas hedging program for the state’s four major investor-owned gas distribution utilities.

July 30, 2015

CFTC Moves to Protect Energy End-Users From ‘Unintended Consequences’ of Dodd-Frank

The Commodity Futures Trading Commission (CFTC) has taken action on three issues that Chairman Mark Wetjen said will have a lasting impact on energy-end users that may have fallen victim to “negative, unintended consequences” of the Dodd Frank Financial Reform Act.

May 27, 2014

Energy Firms to Fed: Don’t Exclude Banks from Commodities Markets

“If counterparties, such as banks…begin to disappear, our ability to manage our risk would be seriously impeded,” energy companies told Federal Reserve Chairman Ben Bernanke.

October 7, 2013
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