4 unchanged sentences
A $1.00 per barrel increase (decrease) in the weighted average crude oil price for the year ended December 31, 2025 would have increased (decreased) the Company’s crude oil and NGL revenues by approximately $12.9 million, excluding the effects of derivatives, and a $0.10 per Mcf increase (decrease) in the weighted average natural gas price for the year ended December 31, 2025 would have increased (decreased) the Company’s natural gas revenues by approximately $1.6 million, excluding the effects of derivatives.
−Removed: Due to this volatility, the Company uses commodity derivative instruments, such as collars, puts, swaps and basis swaps, to hedge price risk associated with a portion of anticipated production.
+Added: Due to this volatility, the Company uses commodity derivative instruments, such as collars, swaps, puts, basis swaps and roll swaps, to hedge price risk associated with a portion of anticipated production.
These hedging instruments allow the Company to reduce, but not eliminate, the potential effects of the variability in cash flow from operations due to fluctuations in crude oil and natural gas prices and provide increased certainty of cash flows for its drilling program.
31 unchanged sentences
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.