|
Period
|
Type of Contract
|
Volume (Mbtu)
|
Daily Volume (Mbtu/d)
|
Avg. Floor Price (1)
|
Avg. Ceiling Price (1)
|
Short Put Price
|
Put Spread
|
% of Q2 Production
|
|
Q3 2010
|
Swaps + Collars
Put Spread
|
6,750,000
6,585,000
|
73,370
71,576
|
$5.84
-
|
$6.49
-
|
-
$4.03
|
-
$1.32
|
73%
71%
|
|
Q4 2010
|
Swaps + Collars
Put Spread
|
6,716,000
5,209,000
|
73,000
56,620
|
$6.21
-
|
$6.67
-
|
-
$4.37
|
-
$1.88
|
72%
56%
|
|
Q1 2011
|
Swaps + Collars
Put Spread
|
6,210,000
3,780,000
|
69,000
42,000
|
$6.57
-
|
$7.04
-
|
-
$5.15
|
-
$1.77
|
67%
41%
|
|
Q2 2011
|
Swaps + Collars
Put Spread
|
4,550,000
3,185,000
|
50,000
35,000
|
$6.28
-
|
$6.71
-
|
-
$5.10
|
-
$1.53
|
49%
34%
|
|
Q3 2011
|
Swaps + Collars
Put Spread
|
5,336,000
3,588,000
|
58,000
39,000
|
$6.38
-
|
$6.86
-
|
-
$5.11
|
-
$1.53
|
57%
39%
|
|
Q4 2011
|
Swaps + Collars
Put Spread
|
5,244,000
3,496,000
|
57,000
38,000
|
$6.45
-
|
$6.91
-
|
-
$5.10
|
-
$1.63
|
56%
38%
|
|
2012
|
Swaps + Collars
Put Spread
|
7,963,000
6,404,000
|
21,816
17,545
|
$6.93
-
|
$7.43
-
|
-
$5.57
|
-
$2.07
|
21%
17%
|
-----------------------------
(1) Effective price is weighted average of gas hedged at HSC and WAHA basis
|
