Interactive 2009 Annual Report (PDF 7.56 MB) - Denbury Resources ...

98 Denbury Resources Inc. 2009 Annual ReportFair Value of Commodity Derivative Contracts Not Classified as Hedging Instruments:Estimated Fair ValueNYMEX Contract Prices Per UnitAsset (Liability)Collar Prices December 31,Type of Contract and Period Bbls/d Swap Price Floor Ceiling 2009 2008In thousandsCrude Oil Contracts:2009 Oil Collars 30,000 $ — $ 75.00 $ 115.00 $ — $ 249,746Q1 2010 Oil SwapsJan 2010–Mar 2010 6,667 52.50 — — (16,552) —Jan 2010–Mar 2010 3,333 52.20 — — (8,365) —Jan 2010–Mar 2010 5,000 50.90 — — (13,131) —Jan 2010–Mar 2010 5,000 51.45 — — (12,884) —Jan 2010–Mar 2010 5,000 52.10 — — (12,593) —(63,525) —Q1 2010 Oil CollarsJan 2010–Mar 2010 3,000 — 70.00 92.00 53 —Jan 2010–Mar 2010 2,000 — 70.00 92.40 42 —95 —Q2 2010 Oil CollarsApr 2010–Jun 2010 5,000 — 50.00 76.40 (4,454) —Apr 2010–Jun 2010 10,000 — 50.00 73.15 (10,858) —Apr 2010–Jun 2010 5,000 — 50.00 76.00 (4,569) —Apr 2010–Jun 2010 5,000 — 50.00 74.30 (5,074) —Apr 2010–Jun 2010 5,000 — 70.00 95.25 214 —(24,741) —Q3 2010 Oil CollarsJul 2010–Sept 2010 2,500 — 55.00 80.10 (2,176) —Jul 2010–Sept 2010 5,000 — 55.00 80.00 (4,378) —Jul 2010–Sept 2010 7,500 — 60.00 80.40 (5,894) —Jul 2010–Sept 2010 5,000 — 60.00 81.05 (3,768) —Jul 2010–Sept 2010 5,000 — 55.00 80.00 (4,378) —Jul 2010–Sept 2010 2,500 — 70.00 96.00 (115) —Jul 2010–Sept 2010 2,500 — 70.00 97.00 (52) —(20,761) —Q4 2010 Oil CollarsOct 2010–Dec 2010 5,000 — 60.00 89.70 (2,555) —Oct 2010–Dec 2010 5,000 — 60.00 89.50 (2,592) —Oct 2010–Dec 2010 5,000 — 60.00 89.00 (2,684) —Oct 2010–Dec 2010 5,000 — 60.00 89.50 (2,592) —Oct 2010–Dec 2010 5,000 — 60.00 88.75 (2,730) —Oct 2010–Dec 2010 2,500 — 70.00 96.00 (115) —Oct 2010–Dec 2010 2,500 — 70.00 97.00 (52) —(13,320) —Form 10-K Part IINotes to Consolidated Financial Statements