​Major hedging profile change expected in upstream Q1 results this month

The sudden, dramatic fall in oil prices has forced many oil producers to adjust every aspect of their 2020 plans. Capital spending has been slashed while some acquisition or divestment plans have been put on hold.

Hedging strategies are also under the microscope – understandably so, as some producers will be far better protected than others.

Despite having released full details of year-end hedging positions just a few short weeks ago in annual results notices,a number ofproducers recently sought to reassure their stakeholders. They did so by announcing a new, updated version of their portfolio because oil prices have fallen so far, so quickly.

The details from three such companies can be found in the following announcements:

Towards the end of this month, companies will begin to release Q1 2020 results, and hedging positions for the industry at large will be made public. From this data, Evaluate Energy’s hedging database will be able to provide users, on a contract-by-contract basis, with a full picture of:

  • How far the world’s upstream producers have had to alter their hedging strategies since the end of last year.
  • How well companies are protected should the oil price stay low
  • How well some companies have managed to negotiate new positions to lock in revenue for the rest of 2020 and beyond.

For more on the data available in Evaluate Energy’s hedging database, click here.

For a free, no-obligation demonstration of the product, click here.

Evaluate Energy provides efficient data solutions for oil and gas M&A; and company performance analysis. This includes over 25 years of financial and operating data for the world’s biggest and most significant oil and gas companies, M&A; deals, a global E&P; assets, refinery and LNG database, and an emerging product that focuses on the North American shale industry. Subscribers receive unlimited access to oil and gas reports.

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