'Figure 33: Hedge Ratios by Production - 2016 (top) and 2016 (bottom) (o)
10
0
n
100% ,rnk. 'D e
O
90% 17% 20% 21% 19% 0 C2
26% 25% 27% 2 22%
BO%
30% 12%
40% 39% 36% 36% 41% 39% 35% 19%,
3 Rrz.5)
42% 45% 45%
52% 49% S 48%
70% 57%
6 61.
50%
30% I I
20%
10%
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I •
SD Kt OFR AA OAS OM KO ABM WOG LTS(N tWO
• III
405E 54 SP/GIN WA
I
• Gas - W404 Gals- Unhedged • Oa • medied a ON- Unballnd
100%
90%
• • • IT a 1 /1 Ir • IF cm "
In • • •
35% 30% 32% 34% 30% 1)%
80% 18% 42%
45)6 ss% 51% 51%
70% 55% 59% 57%
65%
60% 75% 80%
811%
50%
40%
30%
20%
10% 1 I 1
0% 1111 I •
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0044583
CONFIDENTIAL SDNY_GM_00190767
EFTA01357799