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<blockquote data-quote="Allen" data-source="post: 202502" data-attributes="member: 389">Yep, rates of hedging tends to be near nil for companies that are using free cash flow to finance wells, and almost 100% for those that have to finance pretty much everything.&nbsp; Companies like Whiting and Oasis are around 40-60% hedged from what I've read.I would think with the backwardation in hedges (future locked in pricing being lower than today's spot price) that most companies are only hedging what they have to in order to get/keep their financing from the banks.&nbsp; I'd also have to think that they are starting to get better pricing (in the $60+ range) as they go out into 2019.&nbsp; But there's still a hell of a lot of oil that's currently hedged for this year at $50-55.Generally, this is all in their investor relation presentations and stuff.&nbsp; I find it interesting reading.- - - Updated - - -Note:&nbsp; While the DAPL has helped, there's still between $6 and $8 a barrel difference between WTI and ND sweet crude. For as high of quality as Bakken oil is, it sure gets beaten down by the transportation costs.</blockquote>

[QUOTE="Allen, post: 202502, member: 389"] Yep, rates of hedging tends to be near nil for companies that are using free cash flow to finance wells, and almost 100% for those that have to finance pretty much everything. Companies like Whiting and Oasis are around 40-60% hedged from what I've read. I would think with the backwardation in hedges (future locked in pricing being lower than today's spot price) that most companies are only hedging what they have to in order to get/keep their financing from the banks. I'd also have to think that they are starting to get better pricing (in the $60+ range) as they go out into 2019. But there's still a hell of a lot of oil that's currently hedged for this year at $50-55. Generally, this is all in their investor relation presentations and stuff. I find it interesting reading. [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] Note: While the DAPL has helped, there's still between $6 and $8 a barrel difference between WTI and ND sweet crude. For as high of quality as Bakken oil is, it sure gets beaten down by the transportation costs. [/QUOTE]

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