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 September 30, 2021, we had natural gas price swap agreements which hedge approximately 129.0 Bcf of our 2021 and 2022 natural gas production at an average price of $2.66 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 43.8 Bcf of our 2022 natural gas production at an average price of $2.51 per MMBtu.
−Removed: We also had natural gas collars to hedge approximately 185.1 Bcf of our 2021 through 2023 natural gas production with an average floor price of $2.60 per MMBtu and an average ceiling price of $3.74 per MMBtu.
−Removed: We also have oil collars to hedge 138,000 Bbls with an average floor price of $41.67 per Bbl and an average ceiling price of $51.67 per Bbl.
+Added: As of March 31, 2022, we had natural gas price swap agreements which hedge approximately 88.0 Bcf of our 2022 natural gas production at an average price of $2.68 per MMBtu.
+Added: We also had natural gas collars to hedge approximately 233.9 Bcf of our 2022 and 2023 natural gas production with an average floor price of $2.82 per MMBtu and an average ceiling price of $7.17 per MMBtu.
None of our derivative contracts have margin requirements or collateral provisions that could require funding prior to the scheduled cash settlement date.
−Removed: An increase of 10% in the market price of natural gas on September 30, 2021 would decrease the fair value of our natural gas swaps and collars by approximately $125.0 million.
−Removed: A decrease of 10% in the market price of natural gas on September 30, 2021 would increase the fair value of our natural gas swaps and collars by approximately $92.5 million.
−Removed: The impact of hypothetical changes in market prices of natural gas on our natural gas derivative financial instruments discussed above does not include the offsetting impact that the same hypothetical changes in market prices of natural gas may have on our physical sales of natural gas.
+Added: An increase of 10% in the market price of natural gas on March 31, 2022 would decrease the fair value of our natural gas swaps and collars by approximately $98.9 million.
+Added: A decrease of 10% in the market price of natural gas on March 31, 2022 would increase the fair value of our natural gas swaps and collars by approximately $97.6 million.
+Added: The impact of hypothetical changes in market prices of natural gas on our natural gas derivative financial instruments discussed above does not include the offsetting impact that the same hypothetical changes in market prices of natural gas may have on our physical
+Added: sales of natural gas.
Since our outstanding natural gas derivative financial instruments hedge only a portion of our forecasted physical gas production, a positive or negative impact to the fair value of our natural gas derivative financial instruments would be partially offset by our physical sales of natural gas.
Interest Rates
−Removed: At September 30, 2021, we had approximately $2.5 billion principal amount of long-term debt outstanding.
+Added: At March 31, 2022, we had approximately $2.5 billion principal amount of long-term debt outstanding.
$965.0 million of our long-term debt bear interest at a fixed rate of 5.875%, $1.25 billion of our long-term debt bear interest at a fixed rate of 6.75% and $244.4 million of our long-term debt bear interest at a fixed rate of 7.50%.
−Removed: The fair market value of the 2030 Notes, 2029 Notes and 2025 Notes as of September 30, 2021 was $1.0 billion, $1.3 billion and $253.9 million, respectively, based on the market price of approximately 104%, 108% and 104% of the face amount of such debt.
−Removed: At September 30, 2021, we had $425.0 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.
−Removed: We have interest rate swap agreements that fix LIBOR at 0.33% for $500.0 million of our floating rate long-term debt.
+Added: The fair market value of the 2030 Notes, 2029 Notes and 2025 Notes as of March 31, 2022 was $950.5 million, $1.3 billion and $248.1 million, respectively, based on the market price of approximately 98.5%, 103% and 101.5% of the face amount of such debt.
+Added: At March 31, 2022, we had $150.0 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.
Any increase in these interest rates would have an adverse impact on our results of operations and cash flow.
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.