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Tag: hedges
Pioneer Natural Resources Warns of Near $700 Million Loss on Hedges
2021-04-27 22:11:31| OGI
Many producers raced to lock in sales when crude oil prices rose to over $40 per barrel last year but are now faced with losses after oil prices climbed.
Tags: on
resources
natural
million
Oil Hedges to Crimp US Shale Producers First-quarter Profit
2021-04-27 11:15:00| OGI
Dozens of U.S. oil and gas producers hedged at prices below $50/bbl, according to Enverus Andrew McConn. The firms review of 66 shale producers found roughly $7 billion in aggregate hedging losses.
Tags: oil
profit
producers
hedges
Hess Sees No Production Shut-ins on Hedges, Storage Capacity
2020-05-07 15:11:17| OGI
The company said that in 2020 about 80% of its production is hedged with put options for 130,000 barrels per day at $55 per barrel West Texas intermediate (WTI) crude, and 20,000 barrels per day at $60 per barrel Brent.
Tags: production
storage
capacity
sees
How Trafigura Lost $254 Million On Oil, Gas Hedges
2019-04-10 10:42:00| OGI
One of the world's biggest traders, Trafigura, booked a $254 million loss from oil and gas market hedges last year, highlighting the challenges traders face when taking large loans to protect against price swings in illiquid commodities.
Study: plant roadside hedges rather than trees to combat near-road pollution
2019-01-06 12:57:00| Green Car Congress
Tags: study
plant
trees
combat