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The Implications of Oil and Natural Gas Commodity Price Volatility for Producers in the Energy Industry
Oil and natural gas prices have been historically volatile and difficult to predict. Understanding past changes in these commodities can be helpful in forecasting potential future prices. Mitigating commodity price exposure through risk management activities is critical for energy producers in developing corporate strategies and allocating capital efficiently. Oil and natural gas price volatility can provide embedded value to producers in the energy industry if it is harnessed properly.
Michael L. Hodges was named Chief Financial Officer in May 2012. Prior to Rex Energy, Mr. Hodges served as E&P Controller with SandRidge Energy, Inc., where he led the accounting functions for its oil and gas assets and drove substantial process improvements within the finance department. While at SandRidge, he was heavily involved in a variety of significant transactions, including two international joint ventures and the formation and eventual IPOs of three oil and gas royalty trusts. Prior to joining SandRidge, Mr. Hodges led an accounting transition and integration team during the merger of Arena Resources, Inc. and SandRidge Energy, Inc. as an independent consultant. He began his career with Chesapeake Energy Corporation, where he held financial reporting positions of increasing responsibility. Mr. Hodges holds a Bachelor of Business Administration degree in Finance from the University of Oklahoma and is a Certified Public Accountant.