5 unchanged sentences
In addition, we focus on utilizing counterparties for these transactions whose financial condition is appropriate for the credit risk involved in each specific transaction.
−Removed: We have entered into hedging transactions as of March 31, 2020 to protect a portion of our commodity price risk exposure.
−Removed: These hedging arrangements are in the form of swaps and options for NGLs.
−Removed: We have instruments totaling a gross notional quantity of 25,000 barrels settling during the month of April 2020.
−Removed: These instruments settle against the applicable pricing source for each grade and location.
−Removed: These instruments are recorded on our Consolidated and Condensed Balance Sheets at March 31, 2020 in "Fair value of derivatives" as a current asset of $0.002 million.
−Removed: Based on the current net notional volume hedged as of March 31, 2020 , a $0.10 change in the expected settlement price of these contracts would result in an impact to our net income of approximately $0.1 million.
+Added: There were no open hedging arrangements as of June 30, 2020.
Interest Rate Risk.
−Removed: We are exposed to changes in interest rates as a result of our credit facility, which had a weighted-average interest rate of 3.93% as of March 31, 2020 .
−Removed: Based on the amount of unhedged floating rate debt owed by us on March 31, 2020 , the impact of a 100 basis point increase in interest rates on this amount of debt would result in an increase in interest expense and a corresponding decrease in net income of approximately $1.7 million annually.
+Added: We are exposed to changes in interest rates as a result of our credit facility, which had a weighted-average interest rate of 3.44% as of June 30, 2020.
+Added: Based on the amount of unhedged floating rate debt owed by us on June 30, 2020, the impact of a 100 basis point increase in interest rates on this amount of debt would result in an increase in interest expense and a corresponding decrease in net income of approximately $1.8 million annually.
We are not exposed to changes in interest rates with respect to our 2021 Notes as these obligations are fixed rate.
−Removed: The estimated fair value of the 2021 Notes was approximately $146.8 million as of March 31, 2020 , based on market prices of similar debt at March 31, 2020 .
+Added: The estimated fair value of the 2021 Notes was approximately $294.7 million as of June 30, 2020, based on market prices of similar debt at June 30, 2020.
Market risk is estimated as the potential decrease in fair value of our long-term debt resulting from a hypothetical increase of a 100 basis point increase in interest rates.
−Removed: Such an increase in interest rates would result in approximately a $0.7 million decrease in the fair value of our long-term debt at March 31, 2020 .
+Added: Such an increase in interest rates would result in approximately a $1.5 million decrease in the fair value of our long-term debt at June 30, 2020.
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.