Investor Presentaiton
HEDGE SUMMARY1
W&T (excluding Aquasition, LLC)
Natural Gas - Henry Hub NYMEX
PURCHASED CALLS
2023
2024
1Q25
Aquasition, LLC
Weighted Avg
Total Volume
(MMBTU)
(MMBTU/d)
Avg daily volume strike price per
MMBTU
25,550,000
70,000 $
7.50
23,790,000
65,000 $
6.13
5,580,000
62,000 $
5.50
Natural Gas Henry Hub NYMEX
PERIOD
2023
2024
1Q25
2Q25
3Q25
4Q25
2026
2027
1Q28
2Q28
SWAPS
Total Volume
(MMBTU)
26,400,085
24,000,084
5,699,970
Avg daily volume
(MMBTU/d)
Weighted Avg
strike price per
MMBTU
Total Volume
(MMBTU)
PURCHASED PUTS
Avg daily volume
(MMBTU/d)
Weighted Avg
strike price per
MMBTU
72,329 $
2.48
65,574 $
2.46
63,333 $
2.72
5,658,562
62,182 $
2.27
5,720,744
62,182 $
2.27
5,720,744
62,182 $
2.27
20,399,850
55,890 $
2.35
19,200,095
52,603 $
2.37
4,462,830
49,587 $
2.50
1,487,610
16,347 $
2.50
1) Periods are presented by quarter unless every quarter in a given year has the same volumes at the same price
38
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