3 unchanged sentences
The Company is subject to market risk exposure related to changes in interest rates on borrowings under the Amended and Restated RBL Facility.
−Removed: Interest on borrowings under the RBL Facility is based on the SOFR rate or alternative base rate plus an applicable margin as stated in the agreement governing the Amended and Restated RBL Facility.
−Removed: At March 31, 2022, the Company had no borrowings outstanding under the Amended and Restated RBL Facility.
+Added: Interest on borrowings under the Amended and Restated RBL Facility is based on the SOFR rate or alternative base rate plus an applicable margin.
+Added: At June 30, 2022, the Company had no borrowings outstanding under the Amended and Restated 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: A $1.00 per barrel increase (decrease) in the weighted average oil price for the three months ended March 31, 2022 would have increased (decreased) the Company’s revenues by approximately $11.3 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, 2022 would have increased (decreased) the Company’s revenues by approximately $5.0 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, 2022 would have increased (decreased) the Company’s revenues by approximately $11.7 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, 2022 would have increased (decreased) the Company’s revenues by approximately $5.0 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.