4 unchanged sentences
Interest on borrowings under the RBL Facility is based on the LIBOR rate or alternative base rate plus an applicable margin as stated in the agreement.
−Removed: At March 31, 2020 , the Company had no borrowings outstanding under the RBL Facility.
+Added: At June 30, 2020, the Company had no borrowings outstanding under the RBL Facility.
Commodity Price Risk
−Removed: The Company has not engaged in, and does not expect to engage in, any hedging activities with respect to the market risk to which it is exposed.
+Added: As of June 30, 2020, the Company has not engaged in any hedging activities with respect to the market risk to which it is exposed.
Magnolia’s primary market risk exposure is to the prices it receives for its oil, natural gas, and NGL production.
3 unchanged sentences
As the impact of recent declines in worldwide crude oil and natural gas prices and the impact of COVID-19 on the economy evolves, the Company will continue to assess its market risk exposure as appropriate.
−Removed: A $1.00 per barrel increase (decrease) in the weighted average oil price for the quarter ended March 31, 2020 would have increased (decreased) the Company’s revenues by approximately $13.6 million on an annualized basis and a $0.10 per Mcf increase (decrease) in the weighted average natural gas price for the quarter ended March 31, 2020 would have increased (decreased) Magnolia’s revenues by approximately $4.0 million on an annualized basis.
+Added: A $1.00 per barrel increase (decrease) in the weighted average oil price for the six months ended June 30, 2020 would have increased (decreased) the Company’s revenues by approximately $13.0 million on an annualized basis and a $0.10 per Mcf increase (decrease) in the weighted average natural gas price for the six months ended June 30, 2020 would have increased (decreased) Magnolia’s revenues by approximately $4.0 million on an annualized basis.
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.