Webloss of $4.7 million on crude oil hedge contracts as compared to a loss of $3.5 million in the first quarter of 2024, which was offset by a realized a gain of $2.1 million on butane hedge contracts as compared to a gain of $2.6 million in the first quarter of 2024. The butane hedges were put in place to protect liquidthe purchases required WebMay 17, 2024 · This is comprised of a realized loss of $3.5 million on crude oil hedge (swap) sales contracts, as compared to a loss of $1.4 million in Q421; offset by a realized gain …
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WebNov 15, 2024 · · Butane purchase hedges offset seasonal record high Butane prices ... · Realized a gain of $1.0 million on Butane hedge contracts as compared to a gain of $0.1 million in the second quarter of 2024. · The operating netback was $26.70/bbl., which included a $4.29/bbl. net realized gain on crude oil and Butane commodities contracts as ... WebAs a commercial finished product, butane is used as a home heating fuel, as cigarette lighter fluid, as a refrigerant gas, and as a propellant, but all of these require in fairly … hailey rutledge perkins
Canadian Overseas (COPL) Shares Dropped on Bond Conversion
WebMay 13, 2024 · We sell our butane, typically as a percentage of oil price, we try to link it to WTI, so that, that way we can actually hedge the oil price and we get a direct butane hedge. That's the easiest way ... WebMar 20, 2024 · The butane hedges were put in place to protect the liquid purchases required for the miscible flood injection program. The operating netback was $38.26 /bbl, before the net realized gain on crude oil and butane commodities contracts as compared to $55.72 /bbl, in the second quarter of 2024. WebThe butane used as a solvent for fragrance extraction does not contain these contaminants and butane gas can cause gas explosions in poorly ventilated areas if leaks go … brandon bryson