RANGER OIL CORPORATION Hedging Update
December 6, 2021
| ROCC
Hedge Summary as at 11/30/2021
25,000
20,000
15,000
bbl/d
10,000
5,000
0
WTI Swaps bbl/d | Q1 2021 and Prior WTI Collars bbl/d | Q2-Q3 2021 WTI Collars bbl/d | Q4 2021 WTI Collars bbl/d | |||
$62-$72$65-$88
$63-$87
$63-$75 | ||||||||||
$40-$52 | $60-$88 | |||||||||
$58-$72 | ||||||||||
$55-$75 | $60-$84 | |||||||||
$40-$53 | $40-$52 | $40-$52 | $40-$52 | |||||||
$72.76 | $40-$50 | $40-$50 | ||||||||
$75.16 | $74.12 | $73.01 | $69.20 | $54.40 | $54.26 | $54.92 | $54.93 | |||
4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | ||
2021 | 2022 | 2022 | 2022 | 2022 | 2023 | 2023 | 2023 | 2023 | ||
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Hedge Summary Detail as at 11/30/2021
4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24 | 2Q24 | ||||
WTI Swaps bbl/d | 6,215 | 3,250 | 3,000 | 3,000 | 3,000 | 2,500 | 2,400 | 2,807 | 2,657 | 462 | 308 | |||
WTI Average Fixed Price ($/bbl) | $72.76 | $75.16 | $74.12 | $73.01 | $69.20 | $54.40 | $54.26 | $54.92 | $54.93 | $58.75 | $58.75 | |||
Q4 2021 WTI Collars bbl/d | - | 3,333 | 6,593 | 1,630 | 1,630 | - | - | - | - | - | - | |||
WTI Average Purchased Put ($/bbl) | - | $65.00 | $62.50 | $60.00 | $60.00 | - | - | - | - | - | - | |||
WTI Average Sold Call ($/bbl) | - | $88.00 | $87.05 | $88.00 | $83.95 | - | - | - | - | - | - | |||
Q2-Q3 2021 WTI Collars bbl/d | 8,152 | 8,333 | 3,297 | 1,630 | - | - | - | - | - | - | - | |||
WTI Average Purchased Put ($/bbl) | $62.40 | $63.00 | $57.50 | $55.00 | - | - | - | - | - | - | - | |||
WTI Average Sold Call ($/bbl) | $72.35 | $74.54 | $72.43 | $74.55 | - | - | - | - | - | - | - | |||
Q1 2021 and Prior WTI Collars bbl/d | 8,152 | 5,417 | 4,533 | 4,484 | 4,484 | 2,917 | 2,885 | - | - | - | - | |||
WTI Average Purchased Put ($/bbl) | $40.40 | $40.00 | $40.00 | $40.00 | $40.00 | $40.00 | $40.00 | - | - | - | - | |||
WTI Average Sold Call ($/bbl) | $52.10 | $53.49 | $52.47 | $52.47 | $52.47 | $50.00 | $50.00 | - | - | - | - | |||
WTI Purchased Puts (bbl/d) | 3,261 | - | - | - | - | - | - | - | - | - | - | |||
WTI Average Purchased Put ($/bbl) | $55.00 | - | - | - | - | - | - | - | - | - | - | |||
WTI CMA Roll Swaps (bbl/d) | 11,957 | 13,333 | 13,187 | 6,522 | 6,522 | - | - | - | - | - | - | |||
WTI CMA Roll Average Fixed Price | ||||||||||||||
($/bbl) | $0.168 | $0.880 | $0.880 | $1.135 | $1.135 | - | - | - | - | - | - | |||
HH Swaps (MMbtu/d) | 20,700 | 17,500 | 12,500 | 12,500 | 12,500 | 10,000 | 7,500 | - | - | - | - | |||
HH Average Fixed Price ($/MMbtu) | $3.530 | $3.857 | $3.342 | $3.360 | $3.408 | $3.346 | $3.325 | - | - | - | - | |||
HH Collars (MMbtu/d) | 9,783 | 3,333 | 13,187 | 13,043 | 13,043 | - | 11,538 | 11,413 | 11,413 | 11,538 | 11,538 | |||
HH Average Purchased Put ($/MMbtu) | $2.607 | $4.150 | $2.500 | $2.500 | $2.500 | - | $2.500 | $2.500 | $2.500 | $2.500 | $2.328 | |||
HH Average Sold Call ($/MMbtu) | $3.117 | $5.750 | $3.220 | $3.220 | $3.220 | - | $2.682 | $2.682 | $2.682 | $3.650 | $3.000 | |||
HH Sold Puts (MMbtu/d) | 6,522 | - | - | - | - | - | - | - | - | - | - | |||
HH Average Sold Put Strike ($/MMbtu) | $2.000 | - | - | - | - | - | - | - | - | - | - | |||
Ethane Swaps (gal/d) | - | - | 28,022 | 27,717 | 27,717 | - | 98,901 | 34,239 | 34,239 | 34,615 | - | |||
Ethane Average Fixed Price ($/gal) | - | - | $0.2500 | $0.2500 | $0.2500 | - | $0.2288 | $0.2275 | $0.2275 | $0.2275 | - | |||
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Disclaimer
Ranger Oil Corporation published this content on 06 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2021 13:21:16 UTC.
