EQT’s hedge position for 2018
EQT Corporation’s (EQT) December 2017 presentation noted that it had hedged 566 Bcf (billion cubic feet) of its 2018 natural gas (UNG)(UGAZ) volumes at $3.18 per Mcf (million cubic feet). The company has also hedged 247 Bcf of its natural gas volumes for 2019 at $3.09 per Mcf.
CHK has hedged 531 bcf of its 2018 natural gas volumes at $3.11 per Mcf. OAS has hedged 78 Mbopd (thousand barrels of oil per day) of its 2018 oil volumes. Callon Petroleum, meanwhile, has hedged approximately 32 Mbopd of its 2018 oil volumes.
Next in this series, we’ll discuss how EQT expects to benefit from the Rice acquisition.