EFTA Document EFTA01357799

10 0 O Deutsche Bank Securities Inc. 'Figure 33: Hedge Ratios by Production - 2016 (top) and 2016 (bottom) 100% ,rnk. 90% 17% 26% BO% 6 70% 50% 30% 20% 10% 30% WPX 015 20% 25% 27% 2 21% 19% 12% 40% 52% SANS" I • SD Kt 42% OFR AA OAS 39% 36% 36% 41% 49% 57% OM KO ABM WOG LTS(N • Gas - W404 Gals- Unhedged • Oa • medied a ON- Unballnd 22% S 39% 48% • tWO (o) n 'D e 0 C2 35% 19%, 3 R 45% 45% rz.5) I I 61. III I 405E 54 SP/GIN WA