Impact of Terminated Commodity Hedges
(millions) Q1 Q2 Q3 Q4 Total
Oil $ - $ - $ (.2) $ (1.0) $ (1.2)
Gas 18.2 10.8 (4.1) (4.1) 20.8
Total $ 18.2 $ 10.8 $(4.3) $ (5.1) $ 19.6
Oil $ .2 $ .2 $ .3 $ .3 $ 1.0
Gas 10.7 10.7 10.8 10.7 42.9
Total $10.9 $10.9 $ 11.1 $11.0 $43.9
Oil $ .1 $ .2 $ .1 $ .2 $ .6
Total $ .3 $ .3 $ .3 $ .3 $ 1.2
Amortization of Locked-In Gains (Losses)*
*Locked-in gains and losses will be recognized as increases or decreases to oil and gas revenue over the remaining original term of the commodity hedges. The above pretax net deferred hedge gains and losses include amounts for which cash settlement has been deferred as follows: (i) $22.8 million of settlement due for the fourth quarter of 2003, (ii) $1.2 million of settlements due during 2004 and (iii) $209 thousand of settlements to be received during 2005.