CPRMP

(redirected from Commodity Price Risk Management Program)
AcronymDefinition
CPRMPCommodity Price Risk Management Program
References in periodicals archive ?
70 per unit) associated with the Commodity Price Risk Management Program that were incurred largely in the first quarter of 2003.
2) Average selling price and operating netback exclude the non-cash amortization of the Richland hedging gains but includes the cash impact of the Commodity Price Risk Management Program.
4 percent of gross production revenue prior to the effects of the Commodity Price Risk Management Program and the amortization of the natural gas deferred hedging gains for the same period in 2002.
The growth in cash flow reflects Provident's acquisition driven increase in operating income and an increase in average commodity prices partially offset opportunity costs from the Commodity Price Risk Management Program as well as increased general and administration costs and interest expense associated with Provident's growth.
Provident's Commodity Price Risk Management Program was initiated at the inception of the Trust to help minimize the volatility in Provident's crude oil and natural gas prices and to assist with stabilizing cash flow.
Average selling price on a boe basis including the impact of the Commodity Price Risk Management Program ("the Program") improved 34 percent for the fourth quarter of 2002 to $29.
Provident's Commodity Price Risk Management Program is in place to help manage the volatility in Provident's oil and natural gas prices and to assist with stabilizing cash flow and distributions per unit.
Provident's 2003 light/medium crude oil commodity price risk management program currently has an average of 3,000 barrels per day of crude oil forward sold through fixed price contracts at a West Texas Intermediate ("WTI") average price of US$24.
Provident's 2003 heavy oil commodity price risk management program currently has an average 3,300 barrels per day of heavy oil forward sold at the wellhead at an average fixed price of Cdn$19.
Actual selling prices include the effects of the Commodity Price Risk Management Program, which resulted in a cash gain of $4.
Provident's Commodity Price Risk Management Program was initiated at the inception of the Trust to help minimize the volatility of Provident's crude oil and natural gas prices and to assist with stabilizing cash flow and distributions.
This growth, coupled with an aggressive Commodity Price Risk Management Program, enabled Provident to distribute $2.