What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2026-03-04 compared with 2025-03-05 · 2 added, 2 removed, 71 unchanged (5% of the section changed)

15 unchanged sentences

In order to reduce commodity price uncertainty and increase cash flow predictability relating to the marketing of our crude oil and natural gas, we enter into crude oil and natural gas price hedging arrangements with respect to a portion of our expected production.

The following table summarizes the Company's hedges in place on a monthly basis by commodity type.

The following table summarizes the Company's hedges in place on a monthly basis by commodity type, for the next two years.

See "NOTE 7 — DERIVATIVE FINANCIAL INSTRUMENTS" to our financial statements for further information.

38 unchanged sentences

Concord Energy LLC ("Concord") 13% 10%

LPC Crude III, LLC ("LPC") 13% 11%

NGL Crude Partners ("NGL Crude") 9% 6%

Interest Rate Risk

14 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.