The reason behind the expected losses is that the operators had already hedged more than half of their 2022 production by the time they reported their second-quarter results, when prices were trading much lower than the currently inflated levels.
By the end of September, as much as 64% of their projected production was hedged.
For more information, click this link below :
https://oilprice.com/Energy/Natural-Gas/US-Natural-Gas-Producers-Face-Billions-In-Hedging-Losses-In-2022.html
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