Energy Prospectus

Today natty closed over $3.25 I assume 2017 natty could be hedged at at least $3.50. I have a friend in the business here who produces in NE Ohio and Pa. He says the differential is around -$1.80. That means to me if natty is at $3.25 he sells his gas for ~$3.25 - $1.80 or $1.45. If RRC for example had gas hedges like this - what do they realize when the gas is produced?

If it is in the $1.45 range - how are they making any money/

Companies like RRC do not sell their gas and NGL at "spot prices". They have strong marketing teams and they have long-term sales contracts in place. You can see the actual "realized prices" that they get for their production at the bottom of the forecast model which is under the Sweet 16 tab on the EPG website.

I put the realized prices that each company gets at the bottom of each forecast model.