Producers increase hedges as price uncertainty, volatility increases

摘要

After a tumultuous year when the NYMEX prompt-month gas futures contract struggled to rise above $4/MMBtu, explo-ration-and-production companies have changed the way they hedge, industry analysts and insiders say.rnAs gas prices fell during the first two quarters of 2009, some producers left a significant portion of 2009 and 2010 production unhedged on the expectation that prices would recover by the end of this year due to production shut-ins, sources say.