some actual facts for a changeThank you for your email dated October 12, 2005.
Approximately 74% of our natural gas production in 2005 is exposed to price upside. The remaining 26%, including Tom Brown acquisition related hedges, is hedged at approximately $6.50/mcf. For 2006, fixed price hedges are in place for approximately 800 MMcf/d of forecast 2006 gas sales averaging approximately $5.50/mcf. For oil, approximately 98% of 2005 oil sales is exposed to upside. The approximately 2% that is hedged is at about $28.40/bbl. Fixed price hedges are in place for about 13,700 bbls/d of 2006 forecast oil sales at about $35/bbl.
Hopefully the above information is helpful to you. Please advise if you do have any additional questions and if so, perhaps we can arrange for one of our IR managers to give you a call.
Thank you for your interest in EnCana.
www.encana.com