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Chesapeake Energy (CHK)
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CHK » Topics » natural gas collars

This excerpt taken from the CHK 8-K filed Sep 23, 2008.
natural gas collars in place:
 
 
Open Collars
in Bcf’s
Avg. NYMEX
Floor Price
Avg. NYMEX
Ceiling Price
Assuming Natural Gas Production
in Bcf’s of:
Open Collars
as a % of Estimated Total Natural Gas Production
Q3 2008
8.3
$8.17
$10.26
201
4%
Q4 2008
6.5
$8.04
$10.33
213
3%
Q3-Q4 2008
14.8
$8.11
$10.29
414
4%
           
Total 2009(1)
63.9
$8.05
$11.18
953
7%
           
Total 2010(1)
25.6
$7.71
$11.46
1,142
2%

 
(1)  
Certain collar arrangements include three-way collars that include written put options with strike prices ranging from $5.50 to $6.00 covering 38 bcf in 2009 and at $6.00 covering 4 bcf in 2010.
 
The company currently has the following
This excerpt taken from the CHK 8-K filed Mar 31, 2008.
natural gas collars in place:
 
 
Open Collars
in Bcf’s
Avg. NYMEX Floor Price
Avg. NYMEX Ceiling Price
Assuming Natural Gas Production
in Bcf’s of:
Open Collars
as a % of Estimated Total Natural Gas Production
Q1 2008
18.5
$7.36
$9.28
184
10%
Q2 2008
2.7
$7.50
$9.68
194
1%
Q3 2008
2.8
$7.50
$9.68
205
1%
Q4 2008
2.8
$7.50
$9.68
210
1%
Total 2008(1)
26.8
$7.41
$9.40
793
3%
           
Total 2009(1)
45.7
$8.14
$10.82
897
5%

(1)  
Certain collar arrangements include three-way collars that include written put options with strike prices ranging from $5.00 to $6.00 covering 11 bcf in 2008 and $5.50 to $6.00 covering 46 bcf in 2009.
 
Note: Not shown above are written call options covering 110 bcf of production in 2008 at a weighed average price of $10.26 for a weighted average premium of $0.66 and 142 bcf of production in 2009 at a weighed average price of $11.18 for a weighted average premium of $0.48.


The company has the following
This excerpt taken from the CHK 8-K filed Feb 22, 2008.
natural gas collars in place:
 
 
Open Collars
in Bcf’s
Avg. NYMEX
 Floor Price
Avg. NYMEX
 Ceiling Price
Assuming
 Natural Gas
 Production
in Bcf’s of:
Open Collars
as a % of
 Estimated Total
 Natural Gas
 Production
Q1 2008
18.5
$7.36
$9.28
184
10%
Q2 2008
2.7
$7.50
$9.68
194
1%
Q3 2008
2.8
$7.50
$9.68
205
1%
Q4 2008
2.8
$7.50
$9.68
210
1%
Total 2008(1)
26.8
$7.41
$9.40
793
3%
           
Total 2009(1)
45.7
$8.14
$10.82
897
5%

(1)   
Certain collar arrangements include three-way collars that include written put options with strike prices ranging from $5.00 to $6.00 covering 11 bcf in 2008 and $5.50 to $6.00 covering 46 bcf in 2009.
 
Note: Not shown above are written call options covering 110 bcf of production in 2008 at a weighed average price of $10.26 for a weighted average premium of $0.66 and 142 bcf of production in 2009 at a weighed average price of $11.18 for a weighted average premium of $0.48.


The company has the following

EXCERPTS ON THIS PAGE:

8-K
Sep 23, 2008
8-K
Mar 31, 2008
8-K
Feb 22, 2008

RELATED TOPICS for CHK:

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