8 unchanged sentences
Similarly, any improvements in natural gas and oil prices can have a favorable impact on our financial condition, results of operations and capital resources.
−Removed: As of June 30, 2020, we have entered into natural gas price swap agreements to hedge approximately 247.6 Bcf of our 2020 through 2022 natural gas production at an average price of $2.58 per MMBtu.
−Removed: We also have natural gas two-way collars to hedge approximately 107.3 Bcf of our 2020 and 2021 natural gas production with an average floor price of $2.45 per MMBtu and an average ceiling price of $2.89 per MMBtu and natural gas three-way collars to hedge 9.2 Bcf of our 2020 natural gas production with an average floor price of $2.63 per MMBtu, an average ceiling price of $2.99 per MMBtu and an average put price of $2.32 per MMBtu.
+Added: As of September 30, 2020, we had natural gas price swap agreements which hedge approximately 201.2 Bcf of our 2020 through 2022 natural gas production at an average price of $2.57 per MMBtu and natural gas swaption contracts where the counterparty has the right to exercise a call option to enter into a price swap with the Company on 120.5 Bcf of our 2021 through 2022 natural gas production at an average price of $2.52 per MMBtu.
+Added: We also had natural gas two-way collars to hedge approximately 121.9 Bcf of our 2020 and 2021 natural gas production with an average floor price of $2.45 per MMBtu and an average ceiling price of $2.94 per MMBtu and natural gas three-way collars to hedge 4.6 Bcf of our 2020 natural gas production with an average floor price of $2.63 per MMBtu, an average ceiling price of $2.99 per MMBtu and an average put price of $2.32 per MMBtu.
We also have oil collars to hedge 442,000 barrels with an average floor price of $45.49 per barrel and an average ceiling price of $56.06 per barrel.
None of our derivative contracts have margin requirements or collateral provisions that could require funding prior to the scheduled cash settlement date.
−Removed: The change in the fair value of our natural gas swaps that would result from a 10% change in commodities prices at June 30, 2020 would be $46.3 million.
+Added: The change in the fair value of our natural gas swaps that would result from a 10% change in commodities prices at September 30, 2020 would be $45.0 million.
Such a change in fair value could be a gain or a loss depending on whether prices increase or decrease.
−Removed: Based on our oil and natural gas production for the three months ended June 30, 2020 and our outstanding natural gas price swap agreements, a $0.10 change in the price per Mcf of natural gas would have changed our cash flow by approximately $7.0 million.
−Removed: Our natural gas two-way collars which cover the period July 1, 2020 through December 31, 2020 will result in natural gas prices on 8.7 Bcf of our future production to be subject to a floor price of $2.43 per MMBtu and an average ceiling price of $2.92 per MMBtu.
−Removed: Our natural gas three-way collars which cover the period July 1, 2020 through December 31, 2020 will result in natural gas prices on 9.2 Bcf of our future production to be subject to a floor price of $2.63 per MMBtu, an average ceiling price of $2.99 per MMBtu and an average put price of $2.32 per MMBtu.
−Removed: Our crude oil price collars which cover the period July 1, 2020 through December 31, 2020 will result in oil prices on 532,100 barrels of our future oil production to be subject to a floor price of $49.25 per barrel and an average ceiling price of $63.89 per barrel.
+Added: Based on our oil and natural gas production for the three months ended September 30, 2020 and our outstanding natural gas price swap agreements, a $0.10 change in the price per Mcf of natural gas would have changed our cash flow by approximately $5.5 million.
+Added: Our natural gas two-way collars, which cover the period October 1, 2020 through December 31, 2020, will result in natural gas prices on 8.7 Bcf of our future production to be subject to a floor price of $2.43 per MMBtu and an average ceiling price of $2.95 per MMBtu.
+Added: Our natural gas three-way collars, which cover the period October 1, 2020 through December 31, 2020, will result in natural gas prices on 4.6 Bcf of our future production to be subject to a floor price of $2.63 per MMBtu, an average ceiling price of $2.99 per MMBtu and an average put price of $2.32 per MMBtu.
+Added: Our crude oil price collars which cover the period October 1, 2020 through December 31, 2020 will result in oil prices on 259,500 barrels of our future oil production to be subject to a floor price of $49.35 per barrel and an average ceiling price of $63.83 per barrel.
These collars may increase or decrease our cash flow depending upon whether future prices are below the floor or above the ceiling prices.
Interest Rates
−Removed: At June 30, 2020, we had approximately $2.8 billion principal amount of long-term debt outstanding as compared to $1.3 billion as of June 30, 2019.
−Removed: $1.35 billion of our long-term debt bear interest at a fixed rate of 9¾% (the "2026 Notes") and $619.4 million of our long-term debt bear interest at a fixed rate of 7½% (the "2025 Notes").
−Removed: The fair market value of our 2026 Notes and 2025 Notes as of June 30, 2020 was $1.26 billion and $551.3 million, respectively, based on the market price of approximately 93% and 89% of the face amount of such debt.
−Removed: At June 30, 2020, we had $800.0 million outstanding under our bank credit facility, which is subject to variable rates of interest that are tied to LIBOR or the corporate base rate, at our option.
+Added: At September 30, 2020, we had approximately $2.8 billion principal amount of long-term debt outstanding.
+Added: $1,650.0 million of our long-term debt bear interest at a fixed rate of 9¾% (the "2026 Notes") and $619.4 million of our long-term debt bear interest at a fixed rate of 7½% (the "2025 Notes").
+Added: The fair market value of our 2026 Notes and 2025 Notes as of September 30, 2020 was $1,687.1 million and $586.9 million, respectively, based on the market price of approximately 102% and 95% of the face amount of such debt.
+Added: At September 30, 2020, we had $500.0 million outstanding under our bank credit facility, which is subject to variable rates of interest that are tied to LIBOR or the corporate base rate, at our option.
We have interest rate swap agreements that fix LIBOR at 0.33% for $500.0 million of our floating rate long-term debt.
Any increase in these interest rates would have an adverse impact on our results of operations and cash flow.
−Removed: Based on borrowings outstanding at June 30, 2020, a 100 basis point change in interest rates would change our interest expense on our variable rate debt above the hedged amount by approximately $1.5 million.
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.