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What Is EQT’s 2017 Hedge Position?

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EQT’s hedge position for 2017

EQT’s (EQT) July presentation noted that it had hedged 261.0 Bcf (billion cubic feet), or 72.0% of its forecast natural gas (UNG) (UGAZ) volumes, for the second half of 2017 at $3.34 per Mcf (million cubic feet). The company has also hedged 207.0 Bcf of its forecast natural gas volumes for 2018 at $3.18 per Mcf.

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Peer hedges

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

CHK has hedged 74.0% of its second half of 2017 forecast natural gas (UGAZ) volumes at $3.09 per Mcf. OAS has hedged ~70.0% of its second half of 2017 oil volumes hedged. Callon Petroleum has hedged approximately 45.0% of its forecast 2017 oil volumes and 30.0% of its 2018 oil volumes.

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