Energy firms' hedging programmes give mixed results
Oil & gas companies EV Energy Partners and MarkWest Energy Partners have revealed a differing set of financial outcomes on the derivatives they used for hedging purposes following the rise in commodity prices.
EV Energy, which buys, produces and develops oil & gas properties and operates gas wells in the Appalachian Basin in the US, suffered a $2.2 million derivatives loss in the second quarter this year, following higher production and commodity costs.
Despite these losses, the group swung into
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