Risk Factors Update Summary
- WTI prices ranged from $71.05 to $123.64 per barrel in 2022, compared to $66.61 to $93.67 in 2023.
- Interest rate increased from 7% to 8%, impacting interest expense by approximately $1.5 million.
- Total principal debt decreased from approximately $695 million to $668 million by December 31, 2023.
- Utica/Marcellus acreage subject to expiration decreased from 16% to 14% in 2024.
- Utica/Marcellus acreage not held by production subject to expiration decreased from 37% to approximately 10% in 2024.
- Long-term contractual obligations under agreements decreased from approximately $1.6 billion to $1.4 billion.
- Methane Waste Prevention Rule issued in 2022 could have a material impact on 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.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=874499&owner=exclude
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