Enerplus Q1 2023 Update
COMMODITY HEDGING SUMMARY
Price risk management
CRUDE OIL HEDGES (WTI)(1)(2)
Swaps
Period
Volume
(Mbbl/d)
Brent-WTI Spread
(US$/bbl)
Volume
(Mbbl/d)
Sold Put
(US$/bbl)
Collars
Purchased
Put
Sold Call
(US$/bbl)
(US$/bbl)
Apr 1 Jun 30, 2023
10.0
$5.47
15.0
$61.67
$79.33
$114.31
Jul 1 Dec 31, 2023
Apr 1 Dec 31, 2023(3)
10.0
$5.47
5.0
$65.00
$85.00
$128.16
2.0
$5.00
$75.00
NATURAL GAS HEDGES (NYMEX)(2)
Collars
Period
Volume
(Mcf/d)
Purchased Put
(US$/Mcf)
Apr 1 Oct 31, 2023
50,000
$4.05
Sold Call
(US$/Mcf)
$7.00
1) The total average deferred premium spent on our outstanding hedges is US$1.32/bbl from April 1, 2023 - December 31, 2023. and and $1.07/bbl from July 1, 2023 - December 31, 2023.
2) Transactions with a common term have been aggregated and presented at weighted average prices and volumes.
3) Outstanding commodity derivative instruments acquired as part of the Bruin Acquisition.
enerPLUS
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