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El Paso Corporation
Q2 2011 Financial & Operational Update
| Douglas L Foshee | Page 9 of 11 |
January 31, 2015
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"Q2 2011 Financial & Operational Update"
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9 Natural Gas Production Hedges Year Volume(Bcf) % of U.S. Gas Production EP Avg. Hedge Price1($/MMBtu) Current Market Prices (NYMEX) 2011 96 80% $5.89 $4.25 2012 105 40% $6.01 $4.63 Oil Production Hedges Year Volume(MMBbl) % of Total Oil Production EP Avg. Floor/Ceiling($/Bbl) Current Market Prices (WTI) 2011 2.9 85% $85.99 – $91.88 $96.78 20122 6.4 90% $93.30 –$112.76 $98.08 1Represents the average floor price for 2011 and the average fixed price for 2012 2Excludes 1.46 MMBbl of $95 call options Note: NYMEX & WTI pricing is as of August 2, 2011, and hedge positions are as of June 30, 2011. Natural gas production with floors reflects domestic production. 2011 percentages based on remaining 2011E production. 2012 percentages based on FY 2011E production. Expected production includes the company’s interest in Four Star A detailed schedule of El Paso’s hedge positions is available in the Second Quarter 2011 Financial and Operational Reporting Package, available at ww.elpaso.com Excellent price protection in place