Sign Up Now!
Back to Results
Note: Only one slide is currently available because you are not currently logged in.
SandRidge Energy Inc
Barclays Capital 2011 High Yield Conference
| James D. Bennett | Page 20 of 11 |
September 02, 2014
View in Results
"Barclays Capital 2011 High Yield Conference"
View Full Document
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See
Commodity Hedges 20 Hedges as of March 11 th , 2011 In addition to price swaps, SD has 3.2Bcf of natural gas collars in place for 2H 2012 through 2015, with a floor of $4.00/ Mcf and an average cap of $7.66/ Mcf 2011 Basis Swaps (WAHA and HSC): 104.03 Bcf at $0.47 2012 Basis Swaps (WAHA and HSC): 113.46 Bcf at $0.55 2013 Basis Swaps (WAHA and HSC): 14.6 Bcf at $0.46 www.SandRidgeEnergy.com Oil Hedges Gas Hedges 80% of 2011E production guidance hedged We feel comfortable hedging our out - year production given our ability to control our costs Hedging represents a prudent risk management tool and allows us to lock in high returns on oil projects