NGL production for the fourth quarter was a record 19.7 MBbl/d, up 14 percent from the same period in 2011. For 2012, NGL production also set a record, 13 percent higher than last year.This segment is an area where KMP is exposed to commodity price risk, but that risk is partially mitigated by a long-term hedging strategy intended to generate more stable realized prices. The realized weighted average oil price per barrel for the year, with all hedges allocated to oil, was $87.72 versus $69.73 for 2011. The realized weighted average NGL price per barrel for the year, allocating none of the hedges to NGLs, was $50.95 compared to $65.61 for 2011.
Kinder Morgan Energy Partners Distributes $4.98 Per Unit For 2012 – Meets Annual Budget
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