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To: 8bits who wrote (72047)9/27/2006 12:10:31 AM
From: 8bits  Respond to of 206088
 
XEC, not much hedging so far:

They use figures of MMBTU instead of MMcf for hedging,

conversion:

energyshop.com

For 2007 they have collars between $7.00 - $10.05 roughly 21% of their production (going by their last quarter..) Less than 5% is hedged between September and December.

Natural Gas
Collars
70,000 MMBTU
Jan 07 – Dec 07
$7.00 - $10.05




Natural Gas
Collars
40,000 MMBTU
Jan 08 – Dec 08
$7.00 - $9.90

Amount (Daily) Hedged 69.1994 MMcf
Amount (Daily) Production Quarter ending June 30 338.7 MMcf

yahoo.brand.edgar-online.com