Insight
Oil-hedging activity plummets in Q2
Report summary
Gas hedging activity held steady as Appalachian producers and some Permian players added 2021 protections. Gas hedging should persist through H2 2020 as Appalachian producers have hedged just 34% of expected 2021 production Low prices led to a 67% drop in net oil hedging volumes. The average floor price on new contracts grew to $38/bbl from $31/bbl the previous quarter. Post-2020 hedges comprised 79% of the new volume.
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