Insight

Crude-hedging activity climbs in Q3 2023

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US tight oil producers led a resurgence in crude-hedging activity during Q3 2023. Companies in our analysis peer group added a net 460,000 b/d in new protections at an average strike price of US$72.74/bbl Brent. The 49 operators included in our hedging model have hedged an 10% of expected 2024 oil production.

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  • Document

    Crude Hedging Activity Climbs In Q3 2023.pdf

    PDF 3.00 MB

  • Document

    Hedging Primer.pdf

    PDF 751.44 KB

  • Document

    WM Hedging Model December 2023.xlsb

    XLSB 18.32 MB