6 unchanged sentences
Gathering System Revenue Risk
−Removed: The Auburn Gas Gathering System lies within the Marcellus Shale with historically high levels of recoverable reserves and low cost of production.
+Added: The Auburn GGS gather gas produced from the Marcellus Shale with historically high levels of recoverable reserves and low cost of production.
We believe that a short term low commodity price environment will not significantly impact the reserves produced and thus the revenue of our gas gathering system.
Derivative Contracts
−Removed: The Company’s financial results and condition depend on the prices received for natural gas production.
−Removed: Natural gas prices have fluctuated widely and are determined by economic and political factors.
−Removed: Supply and demand factors, including weather, general economic conditions, the ability to transport the gas to other regions, as well as conditions in other natural gas regions, impact prices.
+Added: The Company’s financial results and condition depend on the prices received for natural gas and oil production.
+Added: Natural gas and oil prices have fluctuated widely and are determined by economic and political factors.
+Added: Supply and demand factors, including weather, general economic conditions, the ability to transport the gas to other regions, as well as conditions in other natural gas and oil regions, impact prices.
Epsilon has established a hedging strategy and may manage the risk associated with changes in commodity prices by entering into various derivative financial instrument agreements and physical contracts.
1 unchanged sentence
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.