3 unchanged sentences
The Company is subject to market risk exposure related to changes in interest rates on borrowings under the RBL Facility.
−Removed: 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 September 30, 2020, the Company had no borrowings outstanding under the RBL Facility.
+Added: 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 governing the RBL Facility.
+Added: At March 31, 2021, the Company had no borrowings outstanding under the RBL Facility.
Commodity Price Risk
3 unchanged sentences
The prices the Company receives for production depend on factors outside of its control, including physical markets, supply and demand, financial markets, and national and international policies.
−Removed: 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 nine months ended September 30, 2020 would have increased (decreased) the Company’s revenues by approximately $12.0 million on an annualized basis and a $0.10 per Mcf increase (decrease) in the weighted average natural gas price for the nine months ended September 30, 2020 would have increased (decreased) Magnolia’s revenues by approximately $3.9 million on an annualized basis.
+Added: A $1.00 per barrel increase (decrease) in the weighted average oil price for the three months ended March 31, 2021 would have increased (decreased) the Company’s revenues by approximately $10.4 million on an annualized basis and a $0.10 per Mcf increase (decrease) in the weighted average natural gas price for the three months ended March 31, 2021 would have increased (decreased) the Company’s revenues by approximately $4.1 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.