RAM Energy Announces Hedging Position
As of the end of March 2020, RAM Energy has in place various commodity hedges with both Shell and Macquarie. Currently, RAM has 100% swap contracts at fixed prices with its hedging counterparties.
Specifically, RAM has over 60% of its expected oil production hedged until October 2022 at prices in excess of $50.00 / Bbl (WTI).
Further, RAM has in excess of 64% of its natural gas production until October 2022 hedged at prices exceeding $2.39/MMbtu.
Given that strip commodity pricing is less than our average hedge prices, RAM will receive hedge settlements monthly and will use such settlements for general corporate purposes.Return