Evolution Petroleum Initiates Limited Oil Price Hedging Program

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Go back to Evolution Petroleum Initiates Limited Oil Price Hedging Program

Evolution Petroleum (EPM) Announces Implementation of Limited Oil Price Protection Program

June 15, 2015 4:18 PM EDT

Evolution Petroleum (NYSE: EPM) announced that it has put in place a limited oil price protection program for the months of July through December of 2015. The quantity hedged is 1,100 barrels of oil per day (BOPD), which represents approximately two-thirds of expected sales volume for this period. Half of the hedged quantities (550 BOPD) have a floor price of $54.00 per barrel and a ceiling price of $66.50 per barrel. The balance of the hedged... More