Our client, a Colorado-based private upstream oil and gas company, has price exposure to the commodity markets, a significant percentage of which is sold via gas dailies.
Our physical solution team closely monitors gas pricing daily and proactively analyzes this in the best interest of our clients. Based on recent market volatility, we undertook the task of price optimization for a % of our client's production. The team created a strategy to reduce price exposure, optimizing their portfolio, with the aim to lock in in a fixed price for the given month, whilst still making sure the client has operational flexibility.
The Mobius team implemented the strategy successfully and reduced our client's exposure to the market, locking in a fixed price for January.