RE:RE:RE:if there Commodity hedging update
Pro forma for the acquisition, Enerplus has approximately 70 per cent of its 2021 forecasted crude oil production (net of royalties) protected at a weighted average floor price of $44 (U.S.) per barrel WTI through swaps and three-way collar structures. Of this hedged amount, approximately 66 per cent provides participation up to $54 (U.S.) per barrel WTI. Based on the 2021 production forecast, Enerplus has approximately 47 per cent of its 2022 crude oil production (net of royalties) protected at a weighted average floor price of $49 (U.S.) per barrel WTI through swaps and three-way collar structures. Of this 2022 hedged amount, approximately 82 per cent provides participation up to $58 (U.S.) per barrel WTI.
For natural gas, Enerplus has hedges in place for its summer 2021 volumes representing approximately 43 per cent of its forecasted natural gas production (net of royalties) between April 1 to Oct. 31, 2021, protected at a weighted average floor price of $2.85 (U.S.) per Mcf NYMEX primarily through swaps and three-way collar structures. Of this hedged amount, approximately 25 per cent provides participation up to $3.25 (U.S.) per Mcf NYMEX.