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Chesapeake Energy’s Hedge Position for 2017 and 2018

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Aug. 25 2017, Published 12:19 p.m. ET

Chesapeake’s hedges for 2017

Chesapeake Energy’s (CHK) 2Q17 earnings presentation noted that it had hedged 74.0% of its remaining forecast natural gas (UGAZ) volumes at $3.09 per Mcf (million cubic feet) and 60.0% of its remaining forecast oil (UCO) volumes at approximately $50.32 per barrel for 2017. The company is also hedged for 2018.

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Other companies hedged

Other companies hedged in 2017 include Oasis Petroleum (OAS), Sanchez Energy (SN), and Callon Petroleum (CPE).

CHK also noted that it had hedged a “meaningful portion” of its 2018 gas production hedged at $3.09 per Mcf and also added to its 2018 oil hedges, which have an average hedge price of ~ $49.87 per barrel.

CHK’s management noted in the 2Q17 earnings conference that along with its hedging protection in 2017, its goal of restoring cash flow after its asset sales, its extended lateral program, and completion efficiencies would position it for better results in the future.

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