5 unchanged sentences
The types of derivative instruments that we typically utilize include fixed-price swaps, costless collars, basis swaps and WTI NYMEX rolls.
−Removed: The total volumes that we hedge through the use of our derivative instruments varies from period to period, however, generally our objective is to hedge approximately 65% to 85% of our anticipated production for up to the next 30 months, when derivative contracts are available upon terms and prices acceptable to us and in a manner consistent with at least the minimum requirements that may be in effect from time to time under our Senior Credit Agreement.
+Added: The total volumes that we hedge through the use of our derivative instruments varies from period to period, however, generally our objective is to hedge approximately 65% to 85% of our anticipated production for up to the next 30 months, when derivative contracts are available upon terms and prices acceptable to us and in a manner
+Added: consistent with at least the minimum requirements that may be in effect from time to time under our Senior Credit Agreement.
Our hedge policies and objectives may change significantly as our operational profile and contractual obligations changes.
2 unchanged sentences
It is our policy to enter into derivative contracts only with counterparties that are creditworthy institutions deemed by management as competitive market makers.
−Removed: As of March 31, 2021, we did not post collateral under any of our derivative contracts as they are secured under our Senior Credit Agreement.
+Added: As of June 30, 2021, we did not post collateral under any of our derivative contracts as they are secured under our Senior Credit Agreement.
We account for our derivative activities under the provisions of ASC 815, Derivatives and Hedging , (ASC 815).
−Removed: ASC 815 establishes accounting and reporting
−Removed: that every derivative instrument be recorded on the balance sheet as either an asset or liability measured at fair value.
+Added: ASC 815 establishes accounting and reporting that every derivative instrument be recorded on the balance sheet as either an asset or liability measured at fair value.
Condensed Consolidated Financial Statements (Unaudited) —Note 8, “Derivative and Hedging Activities,” for more details.
7 unchanged sentences
Our interest rate risk exposure results primarily from fluctuations in short-term rates, which are LIBOR and ABR based and may result in reductions of earnings or cash flows due to increases in the interest rates we pay on these obligations.
−Removed: At March 31, 2021, the principal amount of our debt was $157.2 million, of which approximately 1.4% bears interest at a weighted average fixed interest rate of 1.0% per year.
−Removed: The remaining 98.6% of our total debt at March 31, 2021 bears interest at floating and variable interest rates that, at our option, are tied to the prime rate or LIBOR.
+Added: At June 30, 2021, the principal amount of our debt was $165.2 million, of which approximately 1.3% bears interest at a weighted average fixed interest rate of 1.0% per year.
+Added: The remaining 98.7% of our total debt at June 30, 2021 bears interest at floating and variable interest rates that, at our option, are tied to the prime rate or LIBOR.
Fluctuations in market interest rates will cause our annual interest costs to fluctuate.
−Removed: At March 31, 2021, the weighted average interest rate on our variable rate debt was 3.5% per year.
−Removed: If the balance of our variable interest rate at March 31, 2021 were to remain constant, a 10% change in market interest rates would impact our cash flows by approximately $0.5 million per year .
+Added: At June 30, 2021, the weighted average interest rate on our variable rate debt was 4.04% per year.
+Added: If the balance of our variable interest rate at June 30, 2021 were to remain constant, a 10% change in market interest rates would impact our cash flows by approximately $0.7 million per year .
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.