Just 14% of 2016 production hedged
With oil and gas prices holding lower for longer, many operators are looking for ways to protect as much of their production as possible. Hedges have offered some level of protection to producers through the commodity price rout, but with just an estimated 14% of production hedged in 2016, according to Reuters, producers are anxiously waiting for prices to reach a point where new hedges could offer protection through the continued downturn.

The recent upturn in crude oil prices following the announcement o...

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