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I don't think the article said Bankruptcy, but it illustrated the tight spot that UPL, and the other NG producers outside of the Marcellus are in. The only good thing is that the basis differential has narrowed considerably - currently Henry Hub is at 2.18 and Opal is at 2.08, so the hedged gas that is not also covered by a basis hedge is currently at $2.78 - .10 or 2.68. They have hedged 530 MMCFPD and have basis hedges of 420 MMCFPD at (-.55 cents), so they have a gain of 45 cents on 110 MMCFPD, but a similar amount is unhedged entirely at around $2/mcf. All in all, this quarter they will still be protected by hedges and with the startup of the GCX pipeline, the differential may go away entirely, but the problem is the Henry Hub price. In a nutshell, UPL makes money on drilling new wells, but not enough to pay off the debt. To do that, with the basis differential going away, HH has to average about $3/mcf, lower than the $3.50 of the SA article, but still out of reach. Like falling out of a 10 story building, vs. a 15 story building.