Risk Factors Update Summary
- Conflict in the Middle East added as a risk factor, potentially impacting operations and revenues.
- Significant decrease in WTI spot crude oil prices from $123.64 to $93 per Bbl.
- Potential impact of Biden administration's review on LNG export growth and demand for products.
- Reduction in Henry Hub spot natural gas prices from $3.85 to $3.13 per MMBtu.
- Decline in oil and natural gas revenues derived from natural gas prices at Henry Hub.
- Decrease in oil and natural gas revenues derived from WTI market prices.
- Change in borrowing base and need for access to capital for acquisitions and operations.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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